$DKNG Could Be the 52-Week Low Ready to Reverse
📉 Stocks sitting at 52-week lows
$Trade Desk Inc.(TTD)$ $12.60
$DraftKings Inc.(DKNG)$ $22.02
$Papa John's(PZZA)$ $19.55
$Campbell Soup(CPB)$ $19.37
$Li Auto(LI)$ $11.50
$Simply Good Foods Company(SMPL)$ $9.60
$Beyond Meat, Inc.(BYND)$ $8.35
$Sunrun(RUN)$ $8.11
$Weibo(WB)$ $6.49
$Fermi Inc.(FRMI)$ $4.52
Out of this list, $DKNG is the one I’m watching for a potential reversal.
Here’s why 👇
1️⃣ Real business
Guiding for $6.5–6.9B revenue and $700–900M adjusted EBITDA this year.
This isn't a cash-burning penny stock.
2️⃣ Valuation gap
Street average target is around $35 vs. $22 today.
Burry also disclosed a position in July.
3️⃣ Fear is already high
The bear case is heavily reflected in sentiment, while DraftKings continues expanding its business, including the launch of DKeX.
Its ATH near $74 is a multi-year upside case, not a quick trade.
📅 Nov 5 earnings = next major catalyst.
$DKNG is one I’ll be watching closely from here.
Markets are always moving - and sometimes, the best move is knowing what works for you.
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