|Bid||23.36 x 1100|
|Ask||23.38 x 800|
|Day's range||23.31 - 24.10|
|52-week range||10.52 - 26.41|
|Beta (5Y monthly)||1.79|
|PE ratio (TTM)||N/A|
|Earnings date||16 Feb 2023 - 20 Feb 2023|
|Forward dividend & yield||N/A (N/A)|
|1y target est||27.89|
If you don't have billions of dollars to buy a professional sports franchise, the next best thing to do to gain exposure is to invest in industries that are derivatives of the leagues, right? Enter DraftKings (NASDAQ: DKNG). The online sports betting platform is still posting strong growth.
Growth stocks are all the rage this year, so it's little surprise that Cathie Wood's ARK Innovation exchange-traded fund has been doing well -- it's up 29%. Three of the hottest stocks within that fund are Tesla (NASDAQ: TSLA), DraftKings (NASDAQ: DKNG), and Exact Sciences (NASDAQ: EXAS). Shares of electric vehicle (EV) maker Tesla are up over 50% this year.
Does DraftKings (DKNG) have what it takes to be a top stock pick for momentum investors? Let's find out.
At times when watching sports on TV these days, it's easy to get the impression that we're awash in sports gambling services. This ubiquity is dramatically boosting the profile of DraftKings (NASDAQ: DKNG), a top operator in that business. On Monday morning, UBS prognosticator Robin Farley changed her rating on DraftKings to buy from her previous rating of neutral.
Yahoo Finance Live anchors Seana Smith and Akiko Fujita discuss DraftKings' growth outlook after the company gets upgraded to Buy at UBS.
Yahoo Finance contributor Remy Blaire reports from the New York Stock Exchange on the top movers this morning including, Apple, UBS raising its rating for DraftKings to buy, and how Nike is fairing following Foot Locker’s earnings report.
Shares of sports betting platform DraftKings rise amid an analyst upgrade.
Earnings season is now starting to fade in the rearview mirror, and it was a mixed offering for growth investors. DraftKings (NASDAQ: DKNG) and Celsius Holdings (NASDAQ: CELH) came through with impressive financial results earlier this month, and you don't need a lot of money to get started in these industry disruptors. Shares of DraftKings have more than doubled in 2023, up a hearty 117% year to date.
IMAX announces that Fast X recorded the biggest IMAX single box office day this year on May 20 in China.
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Here is your Pro Recap of the biggest analyst picks you may have missed today: upgrades at Norfolk Southern, DraftKings, Union Pacific, and AnaptysBio. Norfolk Southern (NYSE:NSC) shares rose more than 2% pre-market today after two Wall Street firms upgraded the company, as InvestingPro reported in real time. Wells Fargo upgraded the company to Overweight from Equal Weight and raised its price target to $250.00 from $225.00.
Fortunately, we have one such opportunity today with DraftKings (NASDAQ: DKNG). The digital sports betting platform provider is a powerhouse in the legalized gambling market. DraftKings' revenue surged 73% to $2.2 billion in 2022.
Here is how DraftKings (DKNG) and Las Vegas Sands (LVS) have performed compared to their sector so far this year.
Recession or not, don't expect these businesses to run out of growth opportunities anytime soon.
BOSTON, May 15, 2023 (GLOBE NEWSWIRE) -- DraftKings Inc. (Nasdaq: DKNG) (“DraftKings” or the “Company”) today announced that: Jason Robins, the Company’s Chief Executive Officer and co-founder, will participate in SVB MoffettNathanson's Inaugural Technology, Media, and Telecom Conference. The fireside chat is scheduled for 2:00PM ET on May 16, 2023; andJason Park, the Company’s Chief Financial Officer, will participate in the 18th Annual Needham Technology & Media Conference. The fireside chat i
Yahoo Finance Live discusses Michael Rubin led sports-apparel business Fanatics acquisition of Pointsbet's U.S. sports betting operations in $150 million deal
The deal shows how the sports betting industry — which some believe could more than double to be worth $167 billion by the end of decade —has been a tough one for smaller players to survive in. It's either find more capital to keep up with the Joneses, or leave the neighborhood.
Fool.com contributor and finance professor Parkev Tatevosian has reviewed DraftKings' (NASDAQ: DKNG) latest earnings results and provided his analysis in this video to investors. *Stock prices used were the afternoon prices of May 7, 2023.
DraftKings (NASDAQ: DKNG) reported another quarter of great growth and huge losses. The question isn't whether the company can grow, but whether it can make money. Travis Hoium digs into the challenge in the video below.
DraftKings (NASDAQ: DKNG) and Chewy (NYSE: CHWY) are each growing revenue at a healthy clip. Fool.com contributor and finance professor Parkev Tatevosian compares the two growth stocks and picks his favorite.
Electronic betting platform DraftKings (NASDAQ: DKNG) has seen a bit of a revival, with shares up more than 110% since January. While that's a cause for celebration, the stock is still down more than 60% from its former highs, so there's a ways to go for investors who bought at higher prices. Investors would be wise to consider some red flags in DraftKings that remain, despite the stock's recent rally.
Shareholders of DraftKings Inc. ( NASDAQ:DKNG ) will be pleased this week, given that the stock price is up 12% to...
The Yahoo Finance Live team discusses a jump in DraftKings stock after a positive Q1 earnings report.
During this call, management will also discuss certain non-GAAP financial measures that we believe may be useful in evaluating DraftKings operating performance. Hosting the call today, we have Jason Robins, co-founder and chief executive officer of DraftKings, who will share some opening remarks and an update on our business; and Jason Park, chief financial officer of DraftKings, who provide a review of our financials.
The company is growing its user base at an accelerating rate while reducing what it costs to acquire those new users.