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Is DraftKings (DKNG) Offering An Opportunity After Recent Share Price Weakness

Is DraftKings (DKNG) Offering An Opportunity After Recent Share Price Weakness

  • If you are wondering whether DraftKings is starting to look attractively priced or still carries too much optimism in the share price, it helps to step back and look at how the current valuation lines up with the story so far.
  • DraftKings’ share price closed at US$22.94, with returns of a 1.2% decline over the last 7 days, a 25.0% decline over 30 days, a 35.7% decline year to date, a 47.1% decline over 1 year, a 25.2% gain over 3 years, and a 65.1% decline over 5 years.
  • Recent coverage around US sports betting regulation, competitive pressures in online wagering, and the ongoing push to expand into new states has helped frame how investors think about DraftKings’ growth potential and the risk profile attached to that growth. These…

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