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DraftKings stock soared Friday morning after the sportsbook operator outlined a narrower-than-anticipated loss in 2023 and a path to profitability by 2024 during its fourth-quarter earnings call.
DraftKings stock hit a fresh 52-week high on Monday as investors grew more bullish on the mobile sports wagering company that saw shares decline nearly 60% in 2022.For DraftKings, 2023 has brought ...
DraftKings Inc. is an American daily fantasy sports contest and sports betting company. The company allows users to enter daily and weekly fantasy sports–related contests and win money based on individual player performances in five major American sports (the MLB, the NHL, the NFL, the NBA and the PGA), Premier League and UEFA Champions League football, NASCAR auto racing, Canadian Football ...
On a valuation basis, however, DraftKings stock is not cheap. Book value stands at about $4.50, with the company sitting on $2.4 billion in cash and debt amounting to $1.3 billion. With the stock ...
It also boosted its price target from $26 to $37 as it believes DraftKings stock has lagged too far behind the S&P 500 Index since July. Shares of DraftKings were up more than 4% at the market ...
May 31, 2024 at 4:30 PM. According to data provided by S&P Global Market Intelligence, shares of DraftKings (NASDAQ: DKNG) dropped by as much as 15.7% in trading this week after the Illinois ...
The future is looking bright for DraftKings (DKNG), at least according to Jefferies, which indicated a looming rebound for the stock. DraftKings stock upgraded massively by Jefferies [Video] Skip ...
Shares in DraftKings (DKNG) rose 2% in Thursday’s after-hours trading after the sports betting company announced the upsize and pricing of its underwritten public offering of 40 million shares ...