DraftKings (DKNG, $48.82) shares climb, on NFT marketplace announcement
Shares of sports betting company DraftKings rose Wednesday, following announcement of the company's plans to launch DraftKings Marketplace.
The marketplace will offer access to curated nonfungible-token releases and provide secondary-market transactions. The company is collaborating with Autograph, the NFT platform co-founded by National Football League player Tom Brady. The initial offering, called the Pre-Season Access collection, will feature NFTs from Autograph's athletes roster, which includes Tiger Woods, Wayne Gretzky, Derek Jeter, Naomi Osaka and Tony Hawk.
"The NFT boom has reinvented the collectibles industry and driven excitement to early-adopting audiences worldwide — including the DraftKings community,” said DraftKings co-founder and president Matt Kalish.
DKNG's Stochastic Oscillator is sitting in oversold zone for 1 day
Be on the lookout for a price bounce soon.
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Notable companies
The most notable companies in this group are Las Vegas Sands Corp (NYSE:LVS), MGM Resorts International (NYSE:MGM), Wynn Resorts Limited (NASDAQ:WYNN), Melco Resorts & Entertainment Limited (NASDAQ:MLCO).
Industry description
Casinos/Gaming includes companies that operate casinos, gaming services, horse racing and harness racing facilities. Think Las Vegas Sands Corp., MGM Resorts International and Wynn Resorts, Ltd. In periods of strong economic growth, consumers tend to spend on discretionary/leisure activities like gambling or games; but consumption is likely to slow down when there’s economic sluggishness.
Market Cap
The average market capitalization across the Casinos/Gaming Industry is 5.51B. The market cap for tickers in the group ranges from 152.98K to 38.96B. LVS holds the highest valuation in this group at 38.96B. The lowest valued company is ROBK at 152.98K.
High and low price notable news
The average weekly price growth across all stocks in the Casinos/Gaming Industry was -1%. For the same Industry, the average monthly price growth was -0%, and the average quarterly price growth was -5%. GLXZ experienced the highest price growth at 96%, while SLNA experienced the biggest fall at -34%.
Volume
The average weekly volume growth across all stocks in the Casinos/Gaming Industry was 366%. For the same stocks of the Industry, the average monthly volume growth was 306% and the average quarterly volume growth was 585%
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
Valuation Rating: 50
P/E Growth Rating: 67
Price Growth Rating: 63
SMR Rating: 72
Profit Risk Rating: 84
Seasonality Score: 0 (-100 ... +100)