Posted on: December 29, 2022, 01:54 h..
Last upgraded on: December 29, 2022, 02:46 h.
Entering Thursday, DraftKings (NASDAQ: DKNG) supply was encumbered a 2022 loss of 59.77%, which dragged its market capitalization to $4.99 billion.
That’s at the reduced end of mid-cap region, and also a much cry its previous market price high of around $35 billion– securely in the large-cap area. Still, some planners think the beaten-up gaming name can rebound in 2023.
In a current record, Jefferies equity planners Steven DeSanctis highlights a situation in which reduced market cap stocks, such as DraftKings, could recuperate as quickly as following month.
We see a great …
