Investors in DraftKings Inc. (DKNG) need to pay close attention to the stock based on moves in the options market lately. That is because the Jan 17, 2025 $7.50 Call had some of the highest implied volatility of all equity options today.What is Implied Volatility?Implied volatility shows how much movement the market is expecting in the future. Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. It could also m ...

Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?Let's take a look at what these Wall Street heavyweights have to say about DraftKings (DKNG) before we discuss the reliability of brokerage recommendations and how to use them to your advantage.DraftKings currently has an average brok ...

Core Viewpoint - DraftKings Inc. is experiencing significant revenue growth but continues to face financial losses and regulatory scrutiny, particularly regarding its market dominance in the online betting sector [3][4]. Group 1: Financial Performance - DraftKings reported a 39% year-over-year revenue growth in Q3, reaching $1.1 billion, with a 55% increase in monthly unique payors (MUPs) to 3.6 million [5]. - The company is currently legal in 26 states and Ontario, Canada, representing 49% of the U.S. population and 40% of Canada's population [7]. Group 2: Market Dynamics - DraftKings and FanDuel control nearly 90% of the online betting market in the U.S., prompting calls for an investigation by U.S. Senators [3]. - The legalization of online sports betting is seen as a significant revenue generator for states, with Missouri being the latest state to legalize it [7][8]. Group 3: Growth Opportunities - iGaming, which includes online casino games, is a key growth driver for DraftKings, with margins significantly higher than those from sports betting [9]. - The potential legalization of online sports betting in states like California and Texas presents further growth opportunities, despite facing opposition [8]. Group 4: Stock Performance and Analyst Ratings - DraftKings' stock is attempting a breakout from a descending triangle pattern, with a market structure low buy signal triggered above $40.62 [10][14]. - The average consensus price target for DraftKings is $51.00, indicating a potential upside of 26.39%, with 23 analysts rating it as a Buy [15].

When I last wrote about DraftKings ( DKNG ) on January 30, 2024, I gave it a hold recommendation, primarily based on valuation and some doubts about it continuing to grow revenue and profitability simultaneously. That call has proved correct soI have been a Merchant Seaman that has traveled the world for over 30 years. Within the last 15 years, I developed a very intense interest in investing. I learned a lot of what I know about investing from The MF. Also because I have a engineering background, I often t ...

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DraftKings Inc (NASDAQ:DKNG) is 1.8% lower to trade at $39.18 at last check, pulling back toward its +10% year-to-date level and heading for a seventh-straight loss. This rut present an intriguing buying opportunity, if past is precedent, as the sports betting stock just pulled back to a historically bullish trendline.According to data from Schaeffer's Senior Quantitative Analyst Rocky White, DraftKings stock is now within striking distance of its 80-day moving average. For the purpose of this study, White ...

Based on my analysis, there is upside potential for DraftKings (NASDAQ: DKNG ) for investors to capitalize on. From an industry perspective, DKNG is poised to further benefit from the continued expansion of the total addressable market. From a company perspective, weWith over 7 years of experience in the buy-side, my investment philosophy is rooted in both fundamental bottom-up analysis and quantitative modelling. My forte lies in identifying perception gaps to capitalize on over-pessimism and excessive exu ...

DraftKings Inc DKNG is rolling the dice on a strong technical setup. The stock just formed a Golden Cross, a bullish chart pattern signaling that the 50-day moving average is now above the 200-day moving average. Chart created using Benzinga ProWith DraftKings’ stock at $44.77, it's clear this gambling stock is placing its chips on the table for bigger gains. The Golden Cross isn’t just a lucky streak. It's a clear indicator that the bulls are in control, and there’s potential for significant upside.Read Al ...

DraftKings Inc. (NASDAQ:DKNG) Craig-Hallum's 4th Annual Online Gaming Conference Call December 2, 2024 9:00 AM ET Company Participants Jason Robins - Founder & Chief Executive Officer Conference Call Participants Ryan Sigdahl - Craig-Hallum Ryan Sigdahl Good morning, everyone. Ryan Sigdahl here, senior analyst at Craig-Hallum. With me is Founder and CEO, Jason Robins. Thanks for taking time, Jason. Jason Robins Thank you. Thanks for having me. Question-and-Answer Session Q - Ryan Sigdahl So, similar to the ...

DraftKings Inc. (NASDAQ:DKNG) Craig-Hallum's 4th Annual Online Gaming Conference Call December 2, 2024 9:00 AM ET Company Participants Jason Robins - Founder & Chief Executive Officer Conference Call Participants Ryan Sigdahl - Craig-Hallum Ryan Sigdahl Good morning, everyone. Ryan Sigdahl here, senior analyst at Craig-Hallum. With me is Founder and CEO, Jason Robins. Thanks for taking time, Jason. Jason Robins Thank you. Thanks for having me. Question-and-Answer Session Q - Ryan Sigdahl So, similar to the ...