DraftKings (DKNG) Stock Could Be Cheap With Shares Down 56%

DraftKings has seen its share price move around sharply in recent years, which puts fresh focus on a simple question for investors who care about valuation. Is the current US$20.94 price tag adequately supported by what the business is generating in sales? The stock is down 55.6% over the past 5 years, which makes the link between DraftKings' revenue base and its current market value especially important for anyone reassessing the story. Rising competition and heavier marketing outlays...