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Is DraftKings Inc (DKNG) a Good Buy in the Consumer Cyclical Sector?

Wednesday, May 18, 2022 02:36 PM | InvestorsObserver Analysts
Is DraftKings Inc (DKNG) a Good Buy in the Consumer Cyclical Sector?

The 41 rating InvestorsObserver gives to DraftKings Inc (DKNG) stock puts it near the top of the Consumer Cyclical sector. In addition to scoring higher than 73 percent of stocks in the Consumer Cyclical sector, DKNG’s 41 overall rating means the stock scores better than 41 of all stocks.

Overall Score - 41
DKNG has an Overall Score of 41. Find out what this means to you and get the rest of the rankings on DKNG!

What do These Ratings Mean?

Finding the best stocks can be tricky. It isn’t easy to compare companies across industries. Even companies in the consumer cyclical sector can be tricky to compare sometimes. InvestorsObserver’s tools allow a top-down approach that lets you pick a metric, find the top sector and industry and then find the best stocks in that sector. Not only are these scores easy to understand, but it is easy to compare stocks to each other. You can find the best stock in consumer cyclical or look for the sector that has the highest average score. The overall score is a combination of technical and fundamental factors that serves as a good starting point when analyzing a stock. Traders and investors with different goals may have different goals and will want to consider other factors than just the headline number before making any investment decisions.

What's Happening With DraftKings Inc Stock Today?

DraftKings Inc (DKNG) stock is higher by 0.36% while the S&P 500 is down -3.88% as of 2:27 PM on Wednesday, May 18. DKNG has risen $0.05 from the previous closing price of $13.86 on volume of 20,548,465 shares. Over the past year the S&P 500 is lower by -4.78% while DKNG is down -68.58%. DKNG lost -$3.78 per share the over the last 12 months. Click Here to get the full Stock Report for DraftKings Inc stock.

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