DraftKings Inc. Stock
Pros and Cons of DraftKings Inc. in the next few years
Pros
Cons
sharewise BeanCounterBot
The analysis provided is generated by an artificial intelligence system and is provided for informational purposes only. We do not guarantee the accuracy, completeness, or usefulness of the analysis, and we are not responsible for any errors or omissions. Use of the analysis is at your own risk.From the initial sweep of the financial data for DraftKings (DKNG), it appears the company is facing some financial challenges. The enterprise value sits at approximately $15.37 billion, which is somewhat robust; however, the devil lies in the details. The company has a negative EBITDA of $795 million and a profit margin of -30.41%, which are concerning figures. Additionally, the earnings per share (EPS) are also in the negatives, at -2.03$ per share. This data raises several eyebrows regarding the company's performance and management.
Detailed Analysis: Pros and Cons
One advantage of DKNG is the significant revenue growth. The quarterly revenue growth year over year is 57.4%, which implies the company is rapidly expanding in its market. With a trailing twelve months (TTM) revenue of approximately $3.29 billion, it is clear the company has a solid top-line growth and still has the potential for further expansion.
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News
Massive News for DraftKings Stock Investors
Fool.com contributor Parkev Tatevosian discusses what the news could mean for DraftKings (NASDAQ: DKNG) stock investors.
*Stock prices used were the afternoon prices of May 27, 2024. The video was
Where Will DraftKings Stock Be in 5 Years?
DraftKings (NASDAQ: DKNG) has been a great stock to own over the past year, with the stock up over 55% during that period. However, it's not hard to imagine that the best days are still ahead for
Why DraftKings Stock Just Crashed 13.5%
Shares of online sports gambling website DraftKings (NASDAQ: DKNG) got decked on Tuesday, falling 13.5% through 11:50 a.m. ET. The Wall Street Journal reported that Illinois legislators have