DraftKings (DKNG) Expects To Score $1Bn+ Revenue In FY21: Worth A Buy?

2 min read | June 01, 2021 12:22 PM EDT | By Anuj

DraftKings (DKNG) Expects To Score $1Bn+ Revenue In FY21: Worth A Buy? — Image source: Gorodenkoff,Shutterstock

DraftKings (DKNG:US, NASDAQ:DKNG)

DraftKings, a digital sports and gaming firm, operates across the United States. It offers customers sports entertainment content, live sports betting services and gaming platforms.

With a market cap of more than US$ 20 billion, its previous closing stock price was US$ 49.95 per share.

The gaming stock has improved by 7.2 per this year. After hitting a low of US$ 27.54 apiece in July 2020, it has climbed by 81.37 per cent in about 11 months.

The scrip, which has a debt-to-equity (D/E) ratio of 0.57. billion, plunged almost 33 per cent from its 52-week high of US$ 74.38 apiece (March 22, 2021).

DraftKings stock is trading below its 50-day moving average of US$ 52.86 and a 200-day moving average of US$ 55.39, as per data available on EODHD/Others.

DraftKings' One-Year Price Performance Against Moving Average Multiple. (Source: EODHD/Others)

At its previous closing price, the stock’s trajectory intersected the 14-day moving average and the 21-day moving average upwardly. Its 10-day average trading volume stands at 17.20 million shares, slightly down compared to the 30-day average volume of 18.68 million on the NASDAQ exchange.

The above constitutes a preliminary view and any interest in stocks should be evaluated further from investment point of view.

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