Not helping matters, infamous short seller Jim Chanos recently announced his firm Kynikos Associates is betting against DraftKings. Chanos sees DKNG stock as “drastically overvalued” with heavy spending on marketing to fuel the outfit’s successful growth and market share to date, as unsustainable.
Similarly, What’s wrong with DraftKings stock?
DraftKings stock has fallen 19.7% year-to-date, while the S&P 500 has dropped 8.1% over the same period. Its stock has fallen more than 60% since Labor Day as investors have weighed up increasingly intense competition in the sports betting sector and the company’s heavy losses.
How profitable is DraftKings? DraftKings had revenue of $473.3 million in the fourth quarter of 2021, up 47% from revenue of $322.2 million over the same period a year ago, and the company topped Zack’s Investment Research consensus estimates of $439.5 million for the final quarter of the year.
Thereof, Who owns the most DraftKings stock?
Top 10 Owners of DraftKings Inc
| Stockholder | Stake | Shares owned |
|---|---|---|
| The Vanguard Group, Inc. | 6.28% | 25,683,022 |
| ARK Investment Management LLC | 5.14% | 20,996,534 |
| T. Rowe Price Associates, Inc. (I… | 4.83% | 19,750,185 |
| Nikko Asset Management Co., Ltd. | 3.14% | 12,810,865 |
Why does DraftKings stock keep dropping?
DraftKings Inc. shares fell their most in almost two years after the company added fewer new customers in the fourth quarter and projected a wider loss this year than Wall Street had expected.
Is DraftKings undervalued?
Considering the massive growth runway ahead for the company, DKNG stock is remarkably undervalued. However, it is a long-term play in its rapidly evolving sector that could pay a lot of dividends to its investors down the road.
Is DraftKings a profitable company?
DraftKings had revenue of $473.3 million in the fourth quarter of 2021, up 47% from revenue of $322.2 million over the same period a year ago, and the company topped Zack’s Investment Research consensus estimates of $439.5 million for the final quarter of the year.
What is FanDuel stock symbol?
PDYPF – Flutter Entertainment plc.
What institutions are buying NIO?
Largest shareholders include Baillie Gifford & Co, BlackRock Inc., Vanguard Group Inc, State Street Corp, VWIGX – Vanguard International Growth Fund Investor Shares, Susquehanna International Group, Llp, Goldman Sachs Group Inc, Citadel Advisors Llc, VEIEX – Vanguard Emerging Markets Stock Index Fund Investor Shares, …
Who owns Penn stock?
Top 10 Owners of Penn National Gaming Inc
| Stockholder | Stake | Shares owned |
|---|---|---|
| The Vanguard Group, Inc. | 10.29% | 17,314,471 |
| BAMCO, Inc. | 6.34% | 10,665,535 |
| BlackRock Fund Advisors | 4.57% | 7,685,793 |
| Invesco Advisers, Inc. | 3.73% | 6,270,406 |
What is DraftKings intrinsic value?
The Intrinsic Value of one NASDAQ:DKNG stock under the Base Scenario is USD . Compared to the current market price of 17.2 USD, NASDAQ:DKNG stock is Overvalued by 19% .
Will DraftKings stock bounce back?
It is also notable that Wall Street analysts mostly expect DraftKings to remain unprofitable until 2024, according to Bloomberg consensus data. Additionally, Money MSN shows that on a relative basis, the stock is still overvalued.
Why has DraftKings stock dropped?
DraftKings Inc. shares fell their most in almost two years after the company added fewer new customers in the fourth quarter and projected a wider loss this year than Wall Street had expected.
Why isn t DraftKings profitable?
Those sales and marketing costs were equal to roughly 75% of its entire revenue for the year. In my view, DraftKings’ main underlying problem is that it’s facing competitors with very strong name recognition. Those competitors are able to spend hundreds of millions on marketing costs without sustaining huge losses.
What is Caesars stock symbol?
CZR | Caesars Entertainment Inc.
Is DraftKings or FanDuel better?
FanDuel offers quicker payouts, a slightly better mobile app, more ongoing promotions and higher maximum win limits. DraftKings Sportsbook has a loyalty program, which FanDuel Sportsbook does not offer, and DraftKings often has better welcome bonuses, along with a much better casino.
Should I buy flutter Entertainment stock?
There are currently 1 sell rating, 1 hold rating and 10 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should « buy » Flutter Entertainment stock.
Who owns the most stock in NIO?
Top 10 Owners of NIO Inc
| Stockholder | Stake | Shares owned |
|---|---|---|
| BlackRock Fund Advisors | 2.99% | 40,093,147 |
| The Vanguard Group, Inc. | 2.76% | 36,994,474 |
| SSgA Funds Management, Inc. | 2.45% | 32,887,731 |
| Goldman Sachs & Co. LLC (Private … | 1.73% | 23,202,778 |
Did BlackRock buy NIO stock?
2022-02-10 – BlackRock Inc. has filed a 13F-HR form disclosing ownership of 64,036,975 shares of Nio Inc (US:NIO) with total holdings valued at $2,028,693,000 USD as of 2021-12-31.
Does Citadel own NIO stock?
2022-02-14 – Citadel Advisors Llc has filed a 13F-HR form disclosing ownership of 5,971,505 shares of Nio Inc (US:NIO) with total holdings valued at $189,177,000 USD as of 2021-12-31.
Join TheMoney.co community and don’t forget to share this post !
