DraftKings Inc.’s (NASDAQ:DKNG) Share Price Matching Investor Opinion
DraftKings Inc.’s (NASDAQ:DKNG) price-to-sales (or “P/S”) ratio of 4.2x may look like a poor investment opportunity when you consider close to half the companies in the Hospitality industry in the United States have P/S ratios below 1.6x. However, the P/S might be quite high for a reason and it requires further investigation to determine if it’s justified.
View our latest analysis for DraftKings
How DraftKings Has Been Performing
DraftKings certainly has been doing a good job lately as it’s been growing revenue more than most other companies. It seems the market expects this form will continue into the future, hence the elevated P/S ratio. However, if this…
