Part 2: Deep dive on DraftKings (DKNG)
Part 2: Deep dive on DraftKings (DKNG)
In order to read this entire deep dive on DraftKings (DKNG) you’ll need to become a paid subscriber by clicking the button below. If you’re already a paid subscriber than I thank you for your support. Paid subscribers receive 2-3 deep dives per month plus access to my current investment portfolio (~97% YTD and ~1,000% over the past 3 years), investment models and daily webcasts.
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Company: DraftKings
Ticker: (DKNG)
Website: DraftKings.com
IPO date: April 24, 2020 (through SPAC)
IPO price: $20.49
Current stock price: $31.74
Outstanding shares: 463.9 million
52 week high: $32.45 on July 28, 2023
52 week low: $10.69 on December 28, 2022
ATH: $74.38 on March 22, 2021
Market cap: $14.724 billion
Net cash/debt: -$206.4 million (net debt)
Enterprise value: $14.931 billion
Headquarters: Boston, Massachusetts, United States
Number of employees: 4,200+
Average price target from analysts: $31.48
Investor Relations [click here]
Q2 2023 Earnings Report [click here]
Q2 2023 Earnings Webcast [click here]
Q2 2023 Earnings Presentation [click here]
Moffett Nathanson Technology Conference [click here]
18th Annual Needham Technology Conference [click here]
Outline
Introduction [part 1]
Company Background [part 1]
Opportunity [part 1]
Business Model [part 1]
Competitive Advantages [part 1]
Risks [part 1]
Valuation [part 2]
Investment Model [part 2]
Analysts [part 2]
Technicals [part 2]
Conclusion [part 2]
Additional Sources [part 1, 2]
Below the paywall is part 1 of the DraftKings deep dive along with links to my investment portfolio (up ~100% YTD), daily activity, investment models and daily webcasts.