DraftKings Inc. (NASDAQ: DKNG): When to Invest in this Company’s Stock?

The sports betting industry is now getting legalized in the United States and DraftKings is a popular name in that field now. These platforms are becoming and gaining widespread fame lately. On DraftKings, the users can play fantasy games daily and win cash prizes as well. The company has had good growth over this period and now the analysts expect better from the firm in the upcoming times. DraftKings Inc. (NASDAQ: DKNG) 52 Week Range: $10.60 - $70.38 Average Volume: 15,900,168 Market Capital: $27.274B Forward Dividend and Yield: N/A (N/A) DraftKings Stock: Better Growth in Terms of Revenue and Earnings As of the third-quarter earnings report of DraftKings, the company has risen by over 98% on a year-over-year basis with earnings of $132.8 million. The earnings have made the company an attractive choice for the investors. The stock is also inexpensive and hence, the investors can easily afford it. The company is at present in its growth stage and has shown fine progress recently. This progress makes it a potential choice for investing. The fourth-quarter earnings of the company have surged the stock even more. They have come out to be much better than as they were estimated by the analysts. The revenue of the company in this quarter is $322 million and it has increased by as much as 146%. All this has worked well in favor of the company and it now stands quite strong in the competitive sector of the stock market. The company expects that it…