Draftkings Stock Price on November 28, 2024
| DKNG Stock | USD 43.03 0.03 0.07% |
Below is the normalized historical share price chart for DraftKings extending back to July 25, 2019. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of DraftKings stands at 43.03, as last reported on the 28th of November, with the highest price reaching 44.04 and the lowest price hitting 42.75 during the day.
If you're considering investing in DraftKings Stock, it is important to understand the factors that can impact its price. DraftKings appears to be very steady, given 3 months investment horizon. DraftKings secures Sharpe Ratio (or Efficiency) of 0.15, which denotes the company had a 0.15% return per unit of standard deviation over the last 3 months. We have found twenty-nine technical indicators for DraftKings, which you can use to evaluate the volatility of the firm. Please utilize DraftKings' Mean Deviation of 1.93, downside deviation of 2.24, and Semi Deviation of 1.94 to check if our risk estimates are consistent with your expectations.
At this time, DraftKings' Capital Stock is most likely to decrease significantly in the upcoming years. The DraftKings' current Stock Based Compensation To Revenue is estimated to increase to 0.18, while Common Stock Total Equity is projected to decrease to roughly 68.4 K. . The DraftKings' current Price Earnings To Growth Ratio is estimated to increase to 0.47, while Price To Sales Ratio is projected to decrease to 4.23. DraftKings Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
IPO Date 24th of April 2020 | 200 Day MA 39.5733 | 50 Day MA 39.0972 | Beta 1.819 |
DraftKings |
Sharpe Ratio = 0.1514
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Estimated Market Risk
| 2.48 actual daily | 22 78% of assets are more volatile |
Expected Return
| 0.38 actual daily | 7 93% of assets have higher returns |
Risk-Adjusted Return
| 0.15 actual daily | 11 89% of assets perform better |
Based on monthly moving average DraftKings is performing at about 11% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of DraftKings by adding it to a well-diversified portfolio.
Price Book 19.5121 | Enterprise Value Ebitda (36.37) | Price Sales 4.5557 | Shares Float 476.9 M | Wall Street Target Price 50.7054 |
DraftKings Valuation on November 28, 2024
It is possible to determine the worth of DraftKings on a given historical date. On November 28, 2024 DraftKings was worth 43.01 at the beginning of the trading date compared to the closed value of 43.03. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of DraftKings stock. Still, in general, we apply an absolute valuation method to find DraftKings' value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of DraftKings where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against DraftKings' related companies.
| Open | High | Low | Close | Volume | |
| 43.01 | 44.04 | 42.75 | 43.03 | 6,430,235 | |
11/28/2024 | 43.01 | 44.04 | 42.75 | 43.03 | 0.00 |
| Backtest DraftKings | | | DraftKings History | | | DraftKings Valuation | Previous |
DraftKings Trading Date Momentum on November 28, 2024
| On November 28 2024 DraftKings was traded for 43.03 at the closing time. The top price for the day was 44.04 and the lowest listed price was 42.75 . There was no trading activity during the period 0.0. Lack of trading volume on November 28, 2024 did not affect price variability. The overall trading delta against the current closing price is 0.05% . |
DraftKings Fundamentals Correlations and Trends
By evaluating DraftKings' financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among DraftKings' main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. DraftKings financial account trend analysis is a perfect complement when working with valuation or volatility modules.About DraftKings Stock history
DraftKings investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for DraftKings is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in DraftKings will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing DraftKings stock prices may prove useful in developing a viable investing in DraftKings
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 462.6 M | 339.6 M | |
| Net Loss | -1.2 B | -1.2 B |
DraftKings Stock Technical Analysis
DraftKings technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
DraftKings Period Price Range
Low | November 28, 2024
| High |
0.00 | 0.00 |
DraftKings cannot be verified against its exchange. Please verify the symbol is currently traded on NASDAQ Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
DraftKings November 28, 2024 Market Strength
Market strength indicators help investors to evaluate how DraftKings stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading DraftKings shares will generate the highest return on investment. By undertsting and applying DraftKings stock market strength indicators, traders can identify DraftKings entry and exit signals to maximize returns
DraftKings Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for DraftKings' price direction in advance. Along with the technical and fundamental analysis of DraftKings Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of DraftKings to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.1083 | |||
| Jensen Alpha | 0.1569 | |||
| Total Risk Alpha | (0.06) | |||
| Sortino Ratio | 0.091 | |||
| Treynor Ratio | 0.2268 |
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| Volume Indicators |
Complementary Tools for DraftKings Stock analysis
When running DraftKings' price analysis, check to measure DraftKings' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy DraftKings is operating at the current time. Most of DraftKings' value examination focuses on studying past and present price action to predict the probability of DraftKings' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move DraftKings' price. Additionally, you may evaluate how the addition of DraftKings to your portfolios can decrease your overall portfolio volatility.
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