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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.
August 2, 2024 at 8:37 AM. DraftKings (NASDAQ: DKNG) stock is getting hit hard in Friday's trading. The online gambling specialist's share price was down 11.6% at 11:30 a.m. ET, according to data ...
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 ...
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 ...
Before you buy stock in DraftKings, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and DraftKings ...
DraftKings shares jumped in trading on Friday after the company reported second quarter earnings that exceeded analyst estimates, including a revised projection of losses for the 2022 fiscal year.
DraftKings Inc. DraftKings Inc. is an American gambling company. Based in Boston, Massachusetts, it offers sportsbook and daily fantasy sports (DFS) services. The company was originally launched in 2012 as a DFS provider, competing principally with the New York-based FanDuel. In May 2018, amid the widening legalization of sports betting in the ...