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Sep 23, 2021
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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 in upward trend: price expected to rise as it breaks its lower Bollinger Band on November 06, 2026

DKNG may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options. In 33 of 39 cases where DKNG's price broke its lower Bollinger Band, its price rose further in the following month. The odds of a continued upward trend are 85%.

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

Following a +4.59% 3-day Advance, the price is estimated to grow further. Considering data from situations where DKNG advanced for three days, in 240 of 296 cases, the price rose further within the following month. The odds of a continued upward trend are 81%.

Bearish Trend Analysis

The 10-day RSI Indicator for DKNG moved out of overbought territory on November 06, 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 38 similar instances where the indicator moved out of overbought territory. In 24 of the 38 cases, the stock moved lower in the following days. This puts the odds of a move lower at 63%.

The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In 44 of 54 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 81%.

The Momentum Indicator moved below the 0 level on November 06, 2026. You may want to consider selling the stock, shorting the stock, or exploring put options on DKNG as a result. In 71 of 87 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are 82%.

The Moving Average Convergence Divergence Histogram (MACD) for DKNG turned negative on November 09, 2026. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 47 similar instances when the indicator turned negative. In 39 of the 47 cases the stock turned lower in the days that followed. This puts the odds of success at 83%.

DKNG moved below its 50-day moving average on November 06, 2026 date and that indicates a change from an upward trend to a downward trend.

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 50 of 62 cases within the following month. The odds of a continued downward trend are 79%.

The Aroon Indicator for DKNG entered a downward trend on October 27, 2026. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.

Fundamental Analysis (Ratings)

The Tickeron Valuation Rating of 40 (best 1 - 100 worst) indicates that the company is fair valued 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 (16.138) is very high in comparison to the industry average of (3.369). DKNG's P/E Ratio (-52.886) is considerably lower than the industry average of (1.457). Projected Growth (PEG Ratio) (0.052) is also within normal values, averaging (0.476). Dividend Yield (0.000) settles around the average of (0.012) among similar stocks. P/S Ratio (1.935) is also within normal values, averaging (1.692).

The Tickeron Price Growth Rating for this company is 75 (best 1 - 100 worst), indicating slightly worse than average 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 96 (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 PE Growth Rating for this company is 98 (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 100 (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 98, 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 2.93B. The market cap for tickers in the group ranges from 3.74K to 35.21B. PDYPY holds the highest valuation in this group at 35.21B. The lowest valued company is ELYS at 3.74K.

High and low price notable news

The average weekly price growth across all stocks in the Casinos/Gaming Industry was -5%. For the same Industry, the average monthly price growth was -10%, and the average quarterly price growth was -28%. INSE experienced the highest price growth at 23%, while SEGG experienced the biggest fall at -52%.

Volume

The average weekly volume growth across all stocks in the Casinos/Gaming Industry was -18%. For the same stocks of the Industry, the average monthly volume growth was 66% and the average quarterly volume growth was 4%

Fundamental Analysis Ratings

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

Valuation Rating: 42
P/E Growth Rating: 76
Price Growth Rating: 68
SMR Rating: 75
Profit Risk Rating: 98
Seasonality Score: -1 (-100 ... +100)
Related Portfolios: THE GAMING INDUSTRY
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published General Information

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

Industry
N/A
Address
222 Berkeley Street
Phone
+1 617 986-6744
Employees
5500
Web
https://www.draftkings.com
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DraftKings (DKNG, $52.63) boosts bid to $22.4 billion for Entain