what will draftkings stock be worth？
DraftKings Inc (NASDAQ:DKNG) The 26 analysts offering 12-month price forecasts for DraftKings Inc have a median target of 31.50, with a high estimate of 79.00 and a low estimate of 18.00. The median estimate represents a +100.19% increase from the last price of 15.74.
Correspondingly,Is DraftKings a good stock to invest?
DraftKings stock has lost around 65% over the last 12 months, dropping 30% this year alone amid a wider market selloff. But Allen said the drop has gone too far, even though the company has yet to turn a profit. He predicted that revenue could grow by 63% in 2022, and by 38% annually through 2025.
Simply so,Does DraftKings have a future?
DraftKings Q4 Earnings Preview In terms of full-year 2021 guidance, the company expects revenue in a range of $1.24 billion to $1.28 billion, which would represent growth of 93% to 99% year-over-year (YoY). As for 2022, revenue guidance of between $1.7 billion and $1.9 billion would mean growth of 43% YoY.
Thereof,Is DraftKings overvalued?
The shares don’t allow for meaningful voting rights, and there’s heavy competition in a limited niche. A discounted cash flow forecast places the intrinsic value of the company’s shares at $51 per share. Above that level the company is theoretically overvalued.
One may also ask,Is DraftKings stock undervalued?
Considering the massive growth runway ahead for the company, DKNG stock is remarkably undervalued. However, it is a long-term play in its rapidly evolving sector that could pay a lot of dividends to its investors down the road.
Related Question Answers Found
How profitable is DraftKings?
Still, investors worry that the business may never become very profitable. DraftKings projected revenue of $1.85 billion to $2 billion for 2022, in line with the consensus of $1.9 billion, but its projected adjusted Ebitda loss of $825 million to $925 million was considerably worse than the consensus of $572 million.
Why is DraftKings stock sinking?
DraftKings Inc. shares fell their most in almost two years after the company added fewer new customers in the fourth quarter and projected a wider loss this year than Wall Street had expected.
Who owns the most DraftKings stock?
Top 10 Owners of DraftKings Inc
|The Vanguard Group, Inc.||6.28%||25,683,022|
|ARK Investment Management LLC||5.73%||23,416,465|
|T. Rowe Price Associates, Inc. (I…||4.83%||19,750,185|
|Nikko Asset Management Co., Ltd.||3.46%||14,142,028|
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Does DraftKings have a dividend?
DKNG does not currently pay a dividend.
Does DraftKings pay a dividend?
DRAFTKINGS (NASDAQ: DKNG) does not pay a dividend.
How much debt does DraftKings have?
|Total Cash (mrq)||2.39B|
|Total Debt (mrq)||1.32B|
|Total Debt/Equity (mrq)||72.38|
|Current Ratio (mrq)||3.18|
|Book Value Per Share (mrq)||4.51|
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