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Sep 23, 2021
DraftKings (DKNG, $52.63) boosts bid to $22.4 billion for Entain

DraftKings (DKNG, $52.63) boosts bid to $22.4 billion for Entain

Sports betting company DraftKings  upped its bid for British gaming giant Entain to around $22.4 billion.

DraftKings’ initial proposal was £25 per share for Entain; but that was quickly rejected, and it raised its bid to £28 per share -- a level that is more than double the $11 billion approach from MGM, Entain's U.S. joint-venture partner, earlier this year.

MGM said it's the "exclusive partner in the U.S. online sports betting and iGaming market", through its BetMGM joint-venture. The company mentioned that "any transaction whereby Entain or its affiliates would own a competing business in the U.S. would require MGM's consent."

"MGM will engage with Entain and DraftKings, as appropriate, to find a solution to the exclusivity arrangements which meets all parties' objectives," the company’s statement mentioned

Related Ticker: DKNG

DKNG sees MACD Histogram crosses below signal line

DKNG saw its Moving Average Convergence Divergence Histogram (MACD) turn negative on June 18, 2026. This is a bearish signal that suggests the stock could decline going forward. Tickeron's A.I.dvisor looked at 46 instances where the indicator turned negative. In of the 46 cases the stock moved lower in the days that followed. This puts the odds of a downward move at .

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

The 10-day RSI Indicator for DKNG moved out of overbought territory on June 12, 2026. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 42 similar instances where the indicator moved out of overbought territory. In of the 42 cases, the stock moved lower in the following days. This puts the odds of a move lower at .

The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 52 cases where DKNG's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are .

Following a 3-day decline, the stock is projected to fall further. Considering past instances where DKNG declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

DKNG broke above its upper Bollinger Band on June 09, 2026. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on June 09, 2026. You may want to consider a long position or call options on DKNG as a result. In of 86 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where DKNG advanced for three days, in of 303 cases, the price rose further within the following month. The odds of a continued upward trend are .

Fundamental Analysis (Ratings)

The Tickeron Seasonality Score of (best 1 - 100 worst) indicates that the company is fair valued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating fairly steady price growth. DKNG’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is significantly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: DKNG's P/B Ratio (21.645) is slightly higher than the industry average of (6.792). DKNG has a moderately high P/E Ratio (293.222) as compared to the industry average of (91.318). Projected Growth (PEG Ratio) (0.097) is also within normal values, averaging (0.143). Dividend Yield (0.000) settles around the average of (0.032) among similar stocks. P/S Ratio (2.098) is also within normal values, averaging (1.878).

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. DKNG’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 96, placing this stock worse than average.

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 3.9B. The market cap for tickers in the group ranges from 152.98K to 35.21B. PDYPF holds the highest valuation in this group at 35.21B. 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 -7%. For the same Industry, the average monthly price growth was 1%, and the average quarterly price growth was 18%. BRAG experienced the highest price growth at 3%, while SEGG experienced the biggest fall at -24%.

Volume

The average weekly volume growth across all stocks in the Casinos/Gaming Industry was -42%. For the same stocks of the Industry, the average monthly volume growth was -3% and the average quarterly volume growth was -1%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 63
P/E Growth Rating: 66
Price Growth Rating: 56
SMR Rating: 72
Profit Risk Rating: 96
Seasonality Score: 29 (-100 ... +100)
Related Portfolios: THE GAMING INDUSTRY
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General Information

a digital sports entertainment and gaming company, which provides online and retail sports wagering offerings, online daily fantasy contests and online casino games

Industry CasinosGaming

Profile
Details
Industry
N/A
Address
222 Berkeley Street
Phone
+1 617 986-6744
Employees
5500
Web
https://www.draftkings.com
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