According to the data compiled by CNN Business, SKLZ has a median target price of $16, which is a premium of almost 30 percent over its current prices. The street high target price for Skillz stock is a premium of over 100 percent. Among the six analysts covering the stock, three rate it as a buy and three rate it as a hold.
Full Answer
Is Skillz stock a buy below $5?
If you recall, back in November, I had an article about Skillz (NYSE: SKLZ) that said SKLZ stock was an excellent long-term speculative buy below $10. Source: Dennis Diatel / Shutterstock.com Now trading just under the $5 mark, it looks like Skillz stock is in a bit of an uncontrolled dive.
Could Skillz stock become a takeover target?
Finally, at its current levels, Skillz could well become a takeover target for a major company such as Microsoft (NASDAQ: MSFT ), Amazon (NASDAQ: AMZN) or Meta (NASDAQ: FB ), all of which may very well be willing to shell out around $2 billion for Skillz. That price would be about double the current market capitalization of SKLZ stock.
How much money does Skillz make?
Skillz has a market capitalization of $3.11 billion and generates $230.12 million in revenue each year. The company earns $-145.51 million in net income (profit) each year or ($0.34) on an earnings per share basis.
Why is Skillz stock crashing?
At the same time, former large-cap, tech play Skillz has seen its fortunes have crashed the past year due to company missteps and a more challenging macroenvironment for stocks of its caliber. This has resulted in SKLZ stock giving up a yardage of around 9%.
How high will Skillz stock go?
Analyst Price Targets The above is based on 6 Wall Street analysts offering 12-month price targets for Skillz in the last 3 months. The average price target is $15.83 with a high forecast of $25.00 and a low forecast of $11.00.
What is the future of Skillz stock?
Skillz still has a market cap of about $1 billion, or 2.5 times its estimated revenue for 2022, after its post-earnings plunge. That price-to-sales ratio might be low for a company that generates double-digit percentage sales growth, but Skillz just told investors to expect low single-digit growth this year.
Is Skillz a good investment?
Investing aggressively in growth 31, Skillz delivered revenue of $384 million. That was solid growth on top of the $230 million it reported for 2020 and just $120 million in 2019. In other words, Skillz has tripled revenue in two years.
Is Skillz heavily shorted?
Skillz remains a heavily shorted stock with about 24% of its shares outstanding sold short. Much of the problem with Skillz, however, has been a lack of high-profile games on the platform like Call of Duty.
Is Skillz a good long term investment?
A Continued Sell-Off Makes Skillz a Good Long-Term Value. Growth stocks have been out of favor for the past few months, and Skillz (NYSE:SKLZ) stock is one name that investors have been dumping en masse. There is a lot of fear in the market due to increased geopolitical tensions along with inflation.
Who owns Skillz stock?
Skillz is not owned by hedge funds. The company's CEO Andrew Paradise is the largest shareholder with 15% of shares outstanding. With 5.6% and 5.3% of the shares outstanding respectively, Accomplice Management LLC and Wildcat Capital Management, LLC are the second and third largest shareholders.
Is Skillz undervalued?
Undervalued because investors think the company will run out of money and are pricing it at near-cash levels. But an analysis of their cash burn, combined with operating statements made by the company during their recent earnings announcement and Investor Day calls, suggests otherwise.
What is happening to Skillz?
The mobile game company's shares have dropped along with investors' confidence. Shares of Skillz (SKLZ 2.70%) have plummeted since reaching their highs in early 2021, and the company's own forward guidance has disappointed Wall Street and investors alike.
Is Skillz Inc profitable?
First Quarter Financial Highlights Revenue grew to $83.7 million during the first quarter of 2021, up 92% over the prior year. Gross profit grew to $79.4 million during the first quarter of 2021, up 95% over the prior year.
How much is Skillz shorted?
Skillz currently has a short interest ratio of 5.0. Learn More on Skillz's short interest ratio.
Is Skillz a buy or sell?
The sell-off in its stock has Skillz trading at a price-to-sales of 4.8, the lowest in its brief history and down considerably from its peak of over 45. That seems like a reasonable price to pay for a company that has more than tripled revenue from $31 million in Q3 2019 to $102 million in Q3 2021.
What are the most shorted stocks?
Most Shorted StocksSymbol SymbolCompany NameFloat Shorted (%)ICPT ICPTIntercept Pharmaceuticals Inc.43.81%ULCC ULCCFrontier Group Holdings Inc.42.08%PMVP PMVPPMV Pharmaceuticals Inc.42.05%CONN CONNConn's Inc.41.32%42 more rows
Should I buy or sell Skillz stock right now?
6 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Skillz in the last year. There are currently 3 hold ratings and 3...
What is Skillz's stock price forecast for 2022?
6 Wall Street analysts have issued 12 month target prices for Skillz's stock. Their forecasts range from $2.10 to $7.50. On average, they anticipat...
How has Skillz's stock performed in 2022?
Skillz's stock was trading at $7.44 at the beginning of the year. Since then, SKLZ shares have decreased by 78.6% and is now trading at $1.59. Vie...
When is Skillz's next earnings date?
Skillz is scheduled to release its next quarterly earnings announcement on Tuesday, August 2nd 2022. View our earnings forecast for Skillz .
How were Skillz's earnings last quarter?
Skillz Inc. (NYSE:SKLZ) released its earnings results on Wednesday, May, 4th. The company reported ($0.37) earnings per share for the quarter, miss...
What guidance has Skillz issued on next quarter's earnings?
Skillz updated its FY 2022 earnings guidance on Monday, May, 9th. The company provided EPS guidance of for the period. The company issued revenue g...
Who are Skillz's key executives?
Skillz's management team includes the following people: Mr. Andrew C. Paradise , Co-Founder, CEO, Pres & Chairman (Age 39, Pay $4.56M) ( LinkedI...
Who are some of Skillz's key competitors?
Some companies that are related to Skillz include LegalZoom.com (LZ) , GoodRx (GDRX) , JOYY (YY) , ironSource (IS) , E2open Parent (ETWO) , U...
What is Skillz's stock symbol?
Skillz trades on the New York Stock Exchange (NYSE) under the ticker symbol "SKLZ."
What is the stock symbol for Skillz?
Skillz trades on the New York Stock Exchange (NYSE) under the ticker symbol "SKLZ."
What is the average rating of Skillz?
Skillz has received a consensus rating of Buy. The company's average rating score is 2.50, and is based on 5 buy ratings, 5 hold ratings, and no sell ratings.
What is the official website for Skillz?
The official website for Skillz is corp.skillz.com.
What is the P/B ratio of Skillz?
Skillz has a P/B Ratio of 5.49. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.
What is Skillz's FY 2021 earnings?
The company provided EPS guidance of - for the period. The company issued revenue guidance of $375 million-$375 million, compared to the consensus revenue estimate of $369.16 million.
When is Skillz earnings call?
Skillz will be holding an earnings conference call on Tuesday, August 3rd at 5:30 PM Eastern. Interested parties can register for or listen to the call using this link or dial in at 204-525-0658 with passcode "684073".
Where is Skillz based?
Its platform hosts casual esports tournaments. The company was founded in 2012 and is headquartered in San Francisco, California.
Skillz needs to demonstrate more efficient marketing
The magnitude of benefit from the pandemic was dramatic. From Q4 2019 to Q1 2021, Skillz increased paying monthly active users from 167,000 to 467,000. Note that Skillz cannot yet generate revenue from advertising.
Is Skillz a buy right now?
The sell-off in its stock has Skillz trading at a price-to-sales of 4.8, the lowest in its brief history and down considerably from its peak of over 45. That seems like a reasonable price to pay for a company that has more than tripled revenue from $31 million in Q3 2019 to $102 million in Q3 2021.
The Motley Fool
Founded in 1993 in Alexandria, VA., by brothers David and Tom Gardner, The Motley Fool is a multimedia financial-services company dedicated to building the world's greatest investment community.
