DraftKings's 15-min chart shows KDJ Golden Cross, bullish Marubozu formation.
ByAinvest
Wednesday, Sep 17, 2025 11:49 am ET1min read
DKNG--
The company has been experiencing robust growth, particularly in the sports betting sector. As of September 2025, 38 states, Washington, D.C., and Puerto Rico have legalized sports betting, and DraftKings has been raking in the profits. The stock, which is up more than 26% in 2025, is likely to get a near-term boost, especially with the NFL season underway [1].
DraftKings reported a 36.9% increase in revenue year-over-year for the last quarter, with earnings of $0.30 per share, exceeding expectations. The company has also seen a year-over-year (YOY) increase of 200% in engagement across social media handles and a 45% increase in sportsbook net revenue. Despite operating at a loss, DraftKings' financials have drastically improved over the past several years, with a net cash flow from operating activities pivoting from a $420 million loss in 2021 to a $418 million gain in 2024 [1].
Moreover, DraftKings is positioning itself for long-term success. The company has maintained its fiscal year 2025 guidance, with revenue expected to be closer to the high end of its range. Additionally, Great Lakes Advisors LLC purchased a new stake in DraftKings during the first quarter, valued at approximately $1,752,000 [3].
As the NFL season progresses, DraftKings is expected to continue its upward trajectory, with the sports betting industry forecast to grow by 8.5% during the season to $30 billion [1].
According to the 15-minute chart of DraftKings, a significant bullish signal has been triggered, as indicated by the KDJ Golden Cross and the Bullish Marubozu at 09/17/2025 11:45. This suggests a shift in momentum towards the upside, with potential for further price increases. The control of buyers in the market is evident, and it is likely that bullish momentum will continue.
DraftKings Inc. (NASDAQ: DKNG) has seen a significant bullish signal on its 15-minute chart, as indicated by the KDJ Golden Cross and the Bullish Marubozu at 09/17/2025 11:45. This suggests a shift in momentum towards the upside, with potential for further price increases. The control of buyers in the market is evident, and it is likely that bullish momentum will continue.The company has been experiencing robust growth, particularly in the sports betting sector. As of September 2025, 38 states, Washington, D.C., and Puerto Rico have legalized sports betting, and DraftKings has been raking in the profits. The stock, which is up more than 26% in 2025, is likely to get a near-term boost, especially with the NFL season underway [1].
DraftKings reported a 36.9% increase in revenue year-over-year for the last quarter, with earnings of $0.30 per share, exceeding expectations. The company has also seen a year-over-year (YOY) increase of 200% in engagement across social media handles and a 45% increase in sportsbook net revenue. Despite operating at a loss, DraftKings' financials have drastically improved over the past several years, with a net cash flow from operating activities pivoting from a $420 million loss in 2021 to a $418 million gain in 2024 [1].
Moreover, DraftKings is positioning itself for long-term success. The company has maintained its fiscal year 2025 guidance, with revenue expected to be closer to the high end of its range. Additionally, Great Lakes Advisors LLC purchased a new stake in DraftKings during the first quarter, valued at approximately $1,752,000 [3].
As the NFL season progresses, DraftKings is expected to continue its upward trajectory, with the sports betting industry forecast to grow by 8.5% during the season to $30 billion [1].
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