DKNG is a stock of Draftskings, an American fantasy sports contest, and sports betting company. DKNG is class A common stock, as are the majority of shares issued by a public company. Class A Common shares are an ownership interest in a company and entitle the purchasers to a share of the profits earned.
Here is a detailed comparison of DKNG with its competitors. Hopefully, this comparison will help understand these stocks in detail and make a better investment decision.
DKNG is a stock of DraftsKings which is a sports betting company. The company was founded in 2012, and its CEO is Jason Robins. DraftKings is a safe and secure online sports betting platform. The company allows users to enter and win daily and weekly fantasy sports competitions based on the individual performance of players in the five major American sports (MLB, NHL, NFL, NBA, and PGA), Premier League, and UEFA Champions League soccer.
During the last six months, DKNG stock price has decreased considerably with some fluctuation. Its price has decreased from $19 to $10. After that, it has gone through a phase of slight increase and decreases to peak at $20. Since then, it has come down to $14.59 till September 30, but it is performing quite well in the first week of October, and now its current price is $16.77.
According to DraftKings financial reports, the company's current Revenue is $1.56 B. In 2021, the company's Revenue was $1.29 B, compared to 2020's Revenue of $0.61 B. This Revenue is the total amount a company generates from selling goods or services. These earnings are without any expense deductions.
DKNG holds a $7.6 Billion market cap, and its primary exchange is NASDAQ. Its current price is $16.56
DKNG vs. Similar Stocks
We have compared DKNG to other similar stocks in the market. We found out that many stocks are similar to DKNG.
So let's find out everything about them by comparing them with DKNG.
DKNG VS MTN
MTN is a stock of Vail Resorts Inc., an American mountain resort company. The company has three major segments: Mountain, Lodging, and Real Estate. During the last six months, its price has fluctuated greatly. Its price has gone from $254 to $265. After that, its price decreased to $229 and then increased to $260. After that, its price is continuously decreasing. And now, its current price is $223. Currently, its price is at the lowest level, but experts believe its price will likely increase again.
Experts are showing the possibility of its increase because the company's overall performance is going very well. Comparing some statics to last year, the company's Revenue is 30.82%, net income is increased by 22.81%, and earnings per share increased by 2.11%. MTN's Current market cap is $9 Billion.
The main benefit of purchasing MTN shares is; an incentive in the form of 1 free share for 20 shares purchased, subject to a maximum of 250 free shares per investor. The incentive is available to those retail investors who hold the allotted shares for at least 12 months after the date of allotment. MTN stock Primary exchange is NYSE.
Although the market capitalization and the price of MTN are much higher than DKNG, DKNG is growing fast compared to MTN, and its stock price is also low. So, this stock can be best for long-term investment.
DKNG VS MSGS
MSGS is the stock of The Madison Square Garden Company. This is an American sports holding company that belongs to New York City. MSGS is a professional sports company that owns and operates the assets, including the New York Knickerbockers (the Knicks) of the National Basketball Association (NBA) and the New York Rangers (Rangers) of the National Hockey League.
The fluctuation of MSGS stock price in the last six months has dropped from $180 to $145. Since then, it has risen to $173 and started to fall again. In September, $30, it reached a low of $136. But as October started, its price started to increase a little, and at this time, its price is $143.95.
MSGS and DKNG are both stocks of consumer discretionary companies. MSGS has lower Revenue but higher earnings compared to DKNG. DKNG stock price target is $27.71, while MSGS's potential price target is $220.25. By seeing DKNG's higher probable upside, research analysts believe DKNG is more favorable than MSGS.
DKNG VS FWONK
FWONK is the stock of Liberty Media Formula One Series C. This group of companies promotes the FIA Formula One World Championship. The company was founded in 1950, and its present CEO is Stefano Domenicali. FWONK stock's current price is $62.55, and its market cap is $27.36 Billion.
Taking about the fluctuation of FWONK in the last six months, its price has fallen from $70 to $55. Then it fluctuated, and on August 17, it again went to $70. Then it went down to $57. Currently, its price is 62.52
FWONK's net margin is -4.81%, while DKNG's net margin is -99.14%. FWONK'S return on equity is -0.67%, while DKNG's return on equity is -88.80%. DKNG's price target is $27.71%, and FWONK's price target is $73.20. DKNG has a stronger rating and a higher possible upside. Experts believe DKNG is more favorable than FWONK.
DKNG VS EDR
EDR is the stock of Endeavor Group Holdings Inc. The company was founded in 1898, and its headquarter is in Beverly Hills, California, United States. The company holdings are; UFC (The Ultimate Fighting Championship – Mixed Martial Arts), IMG (Sports, Events, Media, and New York Fashion Week), and WME (William Morris Endeavor, Entertainment, and Sports Talent Agency)
Looking at the last six months' price graph, its price has fallen from $28 to $17.90 and then going through a volatile phase, it went up to $25 on September 9. Till the end of the month, it fell to $18.90, and now, its current price is $21.50.
EDR's beta of 1.05 shows its stock is 5% more volatile than the S&P 500. DKNG has a beta of 1.84, which shows the stock price is 84% more volatile than the S&P 500. EDR currently has a target price of 31.73, indicating a potential upside of 47.23%. DKNG has a target price of $27.71, indicating a potential upside of 65.23%. Given DKNG's higher possible upside, experts believe DKNG is more favorable than EDR.
So, this was the detailed DKNG comparison with other company Stocks. We hope that you liked this comparison and learned something new about DKNG. This comparison will surely help you to invest in the right stock to generate profit. The comparison between the stocks will surely help you to discover if the stock is overvalued or undervalued. Then you can utilize this information to make smarter investment decisions.
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