What is the price-to-earnings ratio of Draftkings?
The price-earnings ratio of Draftkings is currently 5.18.
Draftkings P/S 2024
Draftkings P/S
5.18
Draftkings Dividend yield
Ticker
DKNG
ISIN
US26142R1041
WKN
A2P205
As of May 5, 2024, Draftkings's P/S ratio stood at 5.18, a 68.18% change from the 3.08 P/S ratio recorded in the previous year.
The Draftkings P/S history
Draftkings Aktienanalyse
What does Draftkings do?
DraftKings Inc. is a leading company in the field of Fantasy Sports, founded in 2012 in Boston, Massachusetts. The idea behind the founding was to create a new type of competition where fans could experience their favorite sports even more intensely than before. The company has since become a more well-known brand and has become one of the largest providers of fantasy sports betting in the USA. The business model of DraftKings is based on a simple idea: fans can create their fantasy teams and participate in competitions based on the results of real sports events such as the National Football League (NFL), Major League Baseball (MLB), the National Basketball Association (NBA), and many others. Participants invest in their carefully assembled fantasy teams and receive prizes from DraftKings for successful placement. The company is financed through contributions made by its customers. In addition to fantasy sports betting, DraftKings has also introduced the entire spectrum of digital and online sports betting. These are bets where customers can directly bet on the outcome of games and competitions without having to visit a local bookmaker. The advantage of online betting is that it can be carried out anytime and from anywhere. DraftKings also offers live betting, which allows customers to place additional bets during ongoing games. For example, these can be bets on how the next goal could be scored or how many goals will be scored in the next half. In addition to sports betting, DraftKings also offers other products such as online casino games like blackjack and roulette, as well as e-sports betting, where customers can bet on the outcome of online video game competitions. Another important aspect of DraftKings is marketing. The company works with a variety of industry giants such as ESPN, Disney World, Turner Sports, NBA, and many more. Through partnerships and sponsorships, the DraftKings brand is made known and the company is positioned as a leading provider of fantasy sports and sports betting. Another important aspect of DraftKings is the technology it operates. DraftKings has developed a state-of-the-art platform for online and mobile sports betting and relies on innovative technology to provide customers with the best possible experience. The platform offers a variety of features such as live statistics, analysis, and broadcasts to make the online and mobile betting experience even more exciting and entertaining. The company also uses artificial intelligence to provide customers with intelligent betting recommendations. In summary, DraftKings Inc. is a leading company in the field of fantasy sports and online sports betting. The company has a unique idea where fans can experience their favorite sports more intensely and have the opportunity to win prizes. DraftKings specializes in various areas, offers various products, and relies on innovative technology to inspire its customers. Through partnerships and a clever marketing strategy, the company has built a strong brand and is on its way to becoming a global market leader. Draftkings ist eines der beliebtesten Unternehmen auf Eulerpool.com.P/S Details
Decoding Draftkings's P/S Ratio
Draftkings's Price to Sales (P/S) Ratio is a crucial financial metric that measures the company's market valuation relative to its total sales revenue. It's calculated by dividing the company's market capitalization by its total sales over a specific period. A lower P/S ratio can indicate that the company is undervalued, while a higher ratio may suggest overvaluation.
Year-to-Year Comparison
Comparing Draftkings's P/S ratio yearly provides insights into how the market perceives the company’s value relative to its sales. An increasing ratio over time can indicate growing investor confidence, while a decreasing trend might reflect concerns about the company’s revenue generation capabilities or market conditions.
Impact on Investments
The P/S ratio is instrumental for investors evaluating Draftkings's stock. It offers insights into the company’s efficiency in generating sales and its market valuation. Investors use this ratio to compare similar companies within the same industry, aiding in selecting stocks that offer the best value for investment.
Interpreting P/S Ratio Fluctuations
Variations in Draftkings’s P/S ratio can result from changes in the stock price, sales revenue, or both. Understanding these fluctuations is crucial for investors to evaluate the company’s current valuation and future growth potential, aligning their investment strategies accordingly.
Frequently Asked Questions about Draftkings Stock
How has the price-earnings ratio of Draftkings changed compared to last year?
The price-to-earnings ratio of Draftkings has increased by 68.18% increased compared to last year.
What consequences does a high price-earnings ratio have for investors?
A high price-to-earnings ratio indicates that the company's stock is relatively expensive and investors may potentially achieve a lower return.
What does a low price-earnings ratio mean?
A low price-earnings ratio means that the company's stock is relatively cheap and investors may potentially achieve a higher return.
Is the price-earnings ratio of Draftkings high compared to other companies?
Yes, the price-to-earnings ratio of Draftkings is high compared to other companies.
How does an increase in the price-earnings ratio of Draftkings affect the company?
An increase in the price-earnings ratio of Draftkings would lead to a higher market capitalization of the company, which in turn would lead to a higher valuation of the company.
How does a reduction in the price-to-earnings ratio of Draftkings affect the company?
A decrease in the price-earnings ratio of Draftkings would result in a lower market capitalization of the company, which in turn would lead to a lower valuation of the company.
What are some factors that influence the price-earnings ratio of Draftkings?
Some factors that influence the price-earnings ratio of Draftkings are the company's growth, financial position, industry development, and the overall economic situation.
How much dividend does Draftkings pay?
Over the past 12 months, Draftkings paid a dividend of . This corresponds to a dividend yield of about . For the coming 12 months, Draftkings is expected to pay a dividend of 0 USD.
What is the dividend yield of Draftkings?
The current dividend yield of Draftkings is .
When does Draftkings pay dividends?
Draftkings pays a quarterly dividend. This is distributed in the months of .
How secure is the dividend of Draftkings?
Draftkings paid dividends every year for the past 0 years.
What is the dividend of Draftkings?
For the upcoming 12 months, dividends amounting to 0 USD are expected. This corresponds to a dividend yield of 0 %.
In which sector is Draftkings located?
Draftkings is assigned to the 'Cyclical consumption' sector.
Wann musste ich die Aktien von Draftkings kaufen, um die vorherige Dividende zu erhalten?
To receive the latest dividend of Draftkings from 5/5/2024 amounting to 0 USD, you needed to have the stock in your portfolio before the ex-date on 5/5/2024.
When did Draftkings pay the last dividend?
The last dividend was paid out on 5/5/2024.
What was the dividend of Draftkings in the year 2023?
In the year 2023, Draftkings distributed 0 USD as dividends.
In which currency does Draftkings pay out the dividend?
The dividends of Draftkings are distributed in USD.
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Andere Kennzahlen von Draftkings
Our stock analysis for Draftkings Revenue stock includes important financial indicators such as revenue, profit, P/E ratio, P/S ratio, EBIT, as well as information on dividends. We also assess aspects such as stocks, market capitalization, debt, equity, and liabilities of Draftkings Revenue. If you are looking for more detailed information on these topics, we offer comprehensive analyses on our subpages.
