DKNG Stock Quote, Price, and Forecast
Class A DKNG stock offers current pricing data, financial details, real-time forecasts, and company updates provided by CNN. The stock is currently trading near the lower end of its 52-week range and below its 200-day moving average.
DKNG’s share price has risen by $0.25 since the most recent market close. The stock opened $1.08 higher than its previous closing value, showing minor market momentum.
Company Overview
DraftKings operates in digital sports entertainment and gaming, providing online sports betting, casino services, daily fantasy sports, and other related consumer products, including the DraftKings Marketplace and retail sportsbook offerings.
The company was founded by Jason D. Robins, Matthew Kalish, and Paul Liberman on December 31, 2011, and is headquartered in Boston, Massachusetts.
Market Position and Competitors
With a market capitalization ranging between $10 billion and $200 billion, DKNG falls into the large-cap category. Its competitors belong to the Consumer Services sector, especially within the Movies and Entertainment industry group.
Financial Performance
- Total revenue grew 30.07% year-over-year and 7.36% quarter-over-quarter.
- Net income rose 36.76% compared to last year and surged 566.38% since the previous quarter.
- Earnings per share (EPS) increased 39.3% year-over-year and 532.07% quarter-over-quarter.
“DKNG is trading near the bottom of its 52-week range and below its 200-day simple moving average.”
Author’s Summary
DraftKings shows solid financial growth and remains a major player in the digital gaming industry despite trading near its annual low range.
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