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DraftKings Stock Bullish Momentum With A 15.32% Jump Before The Weekend

DraftKings Stock Bullish Momentum With A 15.32% Jump Before The Weekend
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(VIANEWS) - The NASDAQ ended the session with DraftKings (DKNG) jumping 15.32% to $24.58 on Friday while NASDAQ jumped 2.25% to $12,235.41.

DraftKings's last close was $21.31, 4.4% below its 52-week high of $22.29.

About DraftKings

DraftKings Inc. operates a digital sports entertainment and gaming company. It offers multi-channel sports betting and gaming technologies, powering sports and gaming entertainment for operators in 17 countries. The company operates iGaming through its DraftKings brand in 5 states, as well as operates Golden Nugget Online Gaming, an iGaming product and gaming brand in 3 states. Its Sportsbook is live with mobile and/or retail betting operations in the United States pursuant to regulations in 18 states. The company's daily fantasy sports product is available in 6 countries internationally with 15 distinct sports categories. In addition, it offers DraftKings Marketplace, a digital collectibles ecosystem designed for mainstream accessibility that offers curated NFT drops and supports secondary-market transactions, as well as owns Vegas Sports Information Network (VSiN), a multi-platform broadcast and content company. DraftKings Inc. was founded in 2011 and is headquartered in Boston, Massachusetts.

Earnings Per Share

As for profitability, DraftKings has a trailing twelve months EPS of $-2.98.

The company's return on equity, which measures the profitability of a business relative to shareholder's equity, for the twelve trailing months is negative -91.83%.

Volatility

DraftKings's last week, last month's, and last quarter's current intraday variation average was 0.02%, 1.07%, and 2.72%.

DraftKings's highest amplitude of average volatility was 2.08% (last week), 2.31% (last month), and 2.72% (last quarter).

More news about DraftKings (DKNG).

ViaNews Editorial Team

Via News Editorial Team delivers comprehensive financial news coverage and market analysis from journalists around the world. Our team specializes in data journalism and in-depth reporting on stock markets, business developments, and economic trends.