If you are wondering whether DraftKings’ share price reflects its true worth, you are not alone, the stock has attracted a lot of attention from investors trying to work out what a fair value looks like.
Recently, the stock has been under pressure, with a 9.0% decline over the last 7 days, a 22.1% decline over 30 days, and a 23.6% decline year to date, even though the 3 year return stands at 64.8%.
Over the past year, DraftKings has also seen a 35.8% decline, and over 5 years the return is a 54.0% decline, which frames the recent pullback in a wider context. These moves have kept valuation firmly in focus for investors who are trying to understand whether the current price of US$27.24 reflects caution, opportunity, or a mix of both.
