We recently compiled a list of the Last Week's Top 10 Stocks Post Double-Digit Gains. In this article, we are going to take a look at where DraftKings Inc. (NASDAQ:DKNG) stands against the other stocks.

The stock market may have registered losses on Friday, but remained firmer on a week-on-week basis, with the bellwether indices continuing to track further developments from the growing trade tensions globally.

On a weekly basis, the Dow Jones was up 0.5 percent, the S&P 500 grew 1.47 percent, while the tech-heavy Nasdaq increased 2.57 percent.

Meanwhile, ten companies mirrored broader market optimism, booking as much as double-digit gains in just the last five trading days.

To come up with the list, we considered only the stocks with at least $2 billion in market capitalization and $5 million in daily trading volume.

A woman at a betting table paying out customers who won their sports bets.

DraftKings Inc. (NASDAQ:DKNG)

Shares of DraftKings Inc. (NASDAQ:DKNG) surged by 26.5 percent week-on-week, ending Friday’s trading at $53.49 apiece versus the $42.28 reported a week earlier as investors took heart from the company’s bullish outlook for the year, with the company raising its low-end revenue guidance.

In its latest earnings release, DraftKings Inc. (NASDAQ:DKNG) said it now expects revenues for fiscal year 2025 to settle anywhere between $6.3 billion and $6.6 billion, as compared with the $6.2 billion to $6.6 billion targeted previously.

The new range would represent a 35-percent growth from actual revenues posted in 2024.

In the fourth quarter of the year, DraftKings Inc. (NASDAQ:DKNG) widened its net loss by 200 percent to $134 million from $44.6 million registered in the same period last year, as revenues dropped by 13 percent to $1.39 billion from $1.23 billion.

Despite the decline, net losses in full year 2024 narrowed by 36.8 percent to $507 million from $802 million in 2023, as revenues grew 30 percent to $4.77 billion from $3.66 billion year-on-year.

Overall DKNG ranks 10th on our list of last week's top gainers. While we acknowledge the potential of DKNG as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter timeframe. If you are looking for an AI stock that is more promising than DKNG but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

 

READ NEXT: 20 Best AI Stocks To Buy Now and Complete List of 59 AI Companies Under $2 Billion in Market Cap.

  Disclosure: None. This article is originally published at  Insider Monkey.