DraftKings stock hits 52-week low of $18.55

DraftKings Inc. stock hit a 52-week low of $18.55, reflecting a 47% decline over the past year and a 12% drop in the last week alone. The stock is down 44% from its 52-week high of $36.98. InvestingPro data suggests the stock is oversold, with analysts predicting profitability this year and indicating it may be undervalued. Despite the decline, DraftKings saw a 15% month-over-month increase in sports betting handle, with prediction market volume reaching 2.5 times July levels. Citizens maintained a Market Outperform rating with a reduced price target of $35.00, while Stifel reiterated a Buy rating at $36.00. StoneX adjusted its 2026 EBITDA estimate to $575 million due to higher investments in the Predictions product, expected to exceed $400 million.