RS Breakdown — momZ +0.73 · low 10w×1.00 · vs industry
About DraftKings Inc
DraftKings Inc. operates as a digital sports entertainment and gaming company in the United States and internationally. The company offers online and retail sports betting, daily fantasy sports, digital lottery couriers, prediction markets, and other products, as well as retails sportsbooks. It also provides iGaming, or online casino products, which includes blackjack, roulette, baccarat and slot machines. Read full Trend Edge analysis →
Sector: Consumer Cyclical
Industry: Gambling
Exchange: NASDAQ
IPO Date: April 24, 2020
Headquarters: 222 Berkeley Street, Boston, MA, United States, 02116
Founder-Led: Yes — Jason Robins (Co-Founder, Chairman & CEO), Paul Liberman (Co-Founder, President of Global Technology & Product and Director), Matt Kalish (Co-Founder, President of DraftKings North America & Director)
Key Metrics
Current Price
$26.48
Market Cap
$13.04B
Float
481.5M
Shares Outstanding
496.1M
P/E (Forward)
24.69
P/E (TTM)
292.11
Price/Sales (TTM)
2.07
vs. Analyst Target
+32.1% to analyst PT
Profit Margin
0.93%
Operating Margin (TTM)
0.35%
Revenue (TTM)
$6.29B
Earnings Growth (YoY)
184.60%
Dividend Rate
None
Analyst Target Price
$34.97 (32 analysts)
Financial History
Annual Revenue & Earnings History
Year
Revenue
Net Income
Gross Profit
EBITDA
2020
$615M
-$1.23B
$268M
-$766M
2021
$1.30B
-$1.52B
$502M
-$1.39B
2022
$2.24B
-$1.38B
$756M
-$1.27B
2023
$3.67B
-$802M
$1.37B
-$587M
2024
$4.77B
-$507M
$1.82B
-$319M
2025
$6.05B
$3.7M
$2.50B
$303M
Recent Quarterly Revenue & Net Income
Quarter
Revenue
Net Income
Jun 2025
$1.51B
$158M
Sep 2025
$1.14B
-$257M
Dec 2025
$1.99B
$136M
Mar 2026
$1.65B
$21.1M
Ownership & Float
Insider Ownership
2.9%
Institutional Ownership
80.0%
Short Float
8.4%
% of All Funds Holding
8.02%
Number of Funds Holding
659
Current Moving Averages
Trend Edge tracks near-term, medium-term, cyclical, and secular moving averages across weekly and monthly timeframes to identify trend structure at every horizon.
Timeframe
SMA
Value
Trend Context
Weekly
10-Week SMA
$25.85
Near-term / short-term trend
Weekly
40-Week SMA
$27.90
Medium-term trend
Weekly
80-Week SMA
$34.13
Cyclical trend (business cycle)
Weekly
200-Week SMA
$31.80
Secular trend (multi-year)
Monthly
10-Month SMA
$27.07
Near-term monthly trend
Monthly
20-Month SMA
$33.47
Medium-term monthly trend
Monthly
40-Month SMA
$34.14
Secular monthly trend
Volume Shelves — Support & Resistance
Trend Edge identifies volume shelves: price zones where historically elevated trading volume
creates structural support or resistance. A volume shelf forms when a disproportionate share of cumulative
volume was transacted at a specific price level, making it a high-conviction anchor for future price reactions.
Price Level
Type
Volume Ratio
Age
$27.60
resistance
1.33x
4 months ago
$34.50
resistance
1.08x
5 months ago
$36.90
resistance
1.97x
8 months ago
$46.00
resistance
1.05x
9 months ago
Historical Earnings Reactions (28 events)
Timeframe
Avg Return
Median
Win Rate
Best
Worst
Gap
1.87%
1.40%
60.71%
14.17%
-13.89%
1 Day
1.36%
1.33%
64.29%
16.46%
-21.62%
1 Week
2.31%
1.85%
60.71%
30.33%
-20.53%
2 Weeks
5.35%
1.83%
60.71%
72.66%
-22.79%
1 Month
9.06%
4.91%
75.00%
60.89%
-28.14%
Next earnings: August 5, 2026 (24 days away)
Seasonality & Day-of-Week Patterns
Monthly Seasonality
Month
Avg Return
Win Rate
Samples
Jan
9.6%
71.4%
7
Feb
8.4%
85.7%
7
Mar
-9.6%
28.6%
7
Apr
4.7%
57.1%
7
May
13.6%
57.1%
7
Jun
2.8%
71.4%
7
Jul
5.4%
66.7%
6
Aug
5.6%
71.4%
7
Sep
4.7%
28.6%
7
Oct
-10.1%
28.6%
7
Nov
12.7%
57.1%
7
Dec
-9.9%
28.6%
7
Day-of-Week Tendencies
Day
Avg Return
Win Rate
Samples
Monday
0.01%
47.7%
327
Tuesday
0.37%
51.5%
361
Wednesday
0.50%
50.7%
357
Thursday
-0.28%
45.4%
350
Friday
0.06%
45.0%
349
Top Institutional Holders
Institutional holder breakdown coming soon.
Total institutional ownership: 80.0%
Insider Transactions — Smart Summary
Total insider ownership: 2.9%
Founder-led management: Jason Robins (Co-Founder, Chairman & CEO), Paul Liberman (Co-Founder, President of Global Technology & Product and Director), Matt Kalish (Co-Founder, President of DraftKings North America & Director)
Trend Edge's AI Consult feature delivers a comprehensive, multi-layer trade plan for DraftKings Inc
(DKNG) powered by Claude Opus — Anthropic's most capable AI model.
The analysis covers five layers:
technical analysis (near-term, medium-term, cyclical, and secular trend, momentum,
volume shelf support and resistance, breakout and breakdown signals),
qualitative analysis (business model, competitive moat, sector dynamics),
insider sentiment (buy and sell signals from executive and director transactions),
share stats analysis (institutional accumulation, fund positioning, short float squeeze potential), and
fundamental analysis (valuation, revenue growth, profit margin, earnings quality).
AI Consult synthesizes all five layers into a single bullish or bearish thesis with explicit entry, exit,
stop loss, and take profit levels — giving you a complete, AI-powered trade plan with defined risk/reward.
Whether you are building a long position, initiating a short, or looking for a reversal setup,
AI Consult identifies the highest-probability signal from the current trend.