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Stock impact report

Is It Time To Revisit DraftKings (DKNG) After Regulatory Headlines And Recent Price Weakness [Yahoo! Finance]

DraftKings Inc. - Class A (DKNG) 
Company Research Source: Yahoo! Finance
If you are wondering whether DraftKings at around US$32.62 is a bargain or already pricing in the story, this article is for you if you are trying to work out what you are really paying for. The stock has had a mixed run, with a 7.3% decline over the last week, a 4.6% decline over the last month and a 17.0% decline over the last year. At the same time, the 3 year return sits at 135.0% and the 5 year return at a 37.9% decline. Recent headlines around US sports betting and online gaming regulation, along with ongoing competition across betting platforms, have kept DraftKings in the spotlight for both growth potential and risk. In parallel, product launches and market entry updates continue to shape expectations about how its position in online betting could evolve. Right now, DraftKings scores a 3 out of 6 valuation checks for being assessed as undervalued. Next we will look at what different valuation methods suggest about this, before finishing with a more holistic way to think Show less Read more
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