Our research is based on sources that we believe to be reliable. Our research is prepared for general circulation and has been prepared without regard to the individual financial circumstances and objectives of persons who receive or obtain access to it. Nothing in our research constitutes legal, accounting or tax advice or individually tailored investment advice. The information presented in this site is not intended to be used as the sole basis of any investment decisions, nor should it be construed as advice designed to meet the investment needs of any particular investor. Nothing here in constitutes a recommendation respecting the particular security illustrated. Any trades shown are hypothetical example and do not represent actual trades. Please contact your financial advisor for specific financial advice tailored to your personal circumstances. Practical application of the products herein are at your own risk and, its partners, representatives and employees assume no responsibility or liability for any use or mis-use of the product. This product is for educational purposes only. At that level, DKNG’s share price would be -114.35% below current price.Disclaimer: Past performance is no guarantee of future performance. Investors will be thrilled if DKNG’s share price rises to $24.50, which is the median consensus price. The current price is about -13.74% off the estimated low and -424.93% off the forecast high, based on this estimate. With analysts defining $13.00-$60.00 as the low and high price targets, we arrive at a consensus price target of $25.48 for the trailing 12-month period. (NASDAQ:DKNG)’s beta value is currently sitting at 0, while the Average True Range indicator is currently displaying 1.09. When measured over the past 30 days, the indicator reaches 8.79%. The RSI metric on the 14-day chart is currently showing 43.12, and weekly volatility stands at 9.60%. Analysts have rated the stock Overweight, likely urging investors to take advantage of the opportunity to add to their holdings of the company’s shares.Ī quick review shows that DKNG’s price is currently -8.28% off the SMA20 and -12.64% off the SMA50. (DKNG) as Underweight, while 0 advise Sell. Out of them, 14 rate it a Hold, while 16 recommend Buy, whereas 2 assign an Overweight rating. The number of analysts that have assigned DKNG a recommendation rating is 32. Here is the average analyst rating on the stock as represented by 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock should be considered as either strong buy or strong sell respectively. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 100% Sell, while an average of long term indicators suggests that the stock is currently 100% Sell. On the technical side, indicators suggest DKNG has a 100% Sell on average for the short term. 4 upward and no downward comments were posted in the last 7 days. The company’s revenue is forecast to grow by 57.70% over what it did in 2022.Ī company’s earnings reviews provide a brief indication of a stock’s direction in the short term, where in the case of DraftKings Inc. From the analysts’ viewpoint, the consensus estimate for the company’s annual revenue in 2022 is $2.04 billion. The average estimate suggests sales will likely up by 42.90% this quarter compared to what was recorded in the comparable quarter last year. It means analysts are expecting annual earnings per share growth of 2.60% this year and 38.60% next year.Īnalysts have forecast the company to bring in revenue of $425.42 million for the current quarter, with the likely lows of $397.4 million and highs of $447.57 million. Analysts have predicted the quarterly earnings per share to grow by -$0.8 per share this quarter, however they have predicted annual earnings per share of -$3. Investors’ optimism about the company’s current quarter earnings report is understandable. We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.Ĭlick here for full details and to join for free.ĭraftKings Inc., whose market valuation is $5.14 billion at the time of this writing, is expected to release its quarterly earnings report – Feb 28, 2022. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential. He buys up valuable assets when they are very cheap. The world's greatest investor - Warren Buffett - has a simple formula for making big money in the markets.
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