What's happening with Skillz stock?
Shares of mobile-gaming platform Skillz ( SKLZ -8.51%) hit a new all-time low on Tuesday, sinking as far as $1.28 per share. The stock is now down 97% from its all-time high and finished today's session down 8%. Skillz didn't have direct news today, but there was a relevant development that reportedly came from a third-party research group.
Where can I buy shares of SKLZ?
Shares of SKLZ can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. Compare Top Brokerages Here.
What is Skillz?
Currency in USD. Skillz Inc. operates as a technology company that enables game developers to monetize their content through fun and fair multi-player competition.
When is Skillz's next quarterly earnings announcement?
Skillz is scheduled to release its next quarterly earnings announcement on Wednesday, March 9th 2022. View our earnings forecast for Skillz. How were Skillz's earnings last quarter?
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 good stock?
Skillz's current score is 10.75, more than 3 times this minimum rating. SKLZ stock might be down 83% over the past year, but that doesn't mean investors are right about the company's future. I thought this stock was a good buy under $10 for speculative investors. However, under $5, it's an outright bargain.
What does SKLZ company do?
operates a mobile games platform that connects players in fair, fun, and meaningful competition. The company primarily develops and supports a proprietary online-hosted technology platform that enables independent game developers to host tournaments and provide competitive gaming activity to end-users worldwide.
How do I buy Skillz stock?
How to buy shares in SkillzCompare share trading platforms. Use our comparison table to help you find a platform that fits you.Open your brokerage account. Complete an application with your details.Confirm your payment details. Fund your account.Research the stock. ... Purchase now or later. ... Check in on your investment.
Does Skillz have a future?
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.
Why is Skillz stock going up?
The company has surpassed management's top-line guidance in every quarter since going public. And in the most recent quarter -- the third quarter of 2021 -- revenue was up 70% year over year. Furthermore, it just launched in India this year, which speaks to the new revenue opportunities alluded to by Bazinet.
Is Sklz a Chinese company?
San Francisco, California, U.S.
What kind of stock is Sklz?
Class A Common StockClass A Common Stock (SKLZ) Stock Price, Quote, News & History | Nasdaq....Key Data.LabelValuePrevious Close$1.9552 Week High/Low$24.88/$1.39Market Cap762,045,754Forward P/E 1 Yr.-2.4713 more rows
Who are the competitors of Skillz?
Skillz's competitors Skillz's top competitors include Lovewick, GuildFi, Awon GameZ and Aglet. Skillz is a marketplace platform that helps players discover mobile games and compete against other players around the world. Lovewick is a company that offers a couples app to explore and help people in relationships.
Is Skillz stock a good long-term investment?
Conclusion. Skillz is among the highest upside stocks in the market and is a buy but only for long-term aggressive growth investors. People that choose to invest in Skillz should monitor the balance sheet closely. Risk averse investors should avoid the stock as there is still significant potential downside in the stock ...
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.
Why invest in Skillz?
Investing in Skillz Inc Stock Its live operations (LiveOps) system is used to manage and optimize the user experience across the thousands of games on its platform. Its platform provides monetization services to game developers, enabling them to offer competitive games to its end-users.
Is Skillz a buy 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...
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 quarterly earnings data on Wednesday, May, 4th. The company reported ($0.37) EPS for the quarter, missing the...
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...
What price target have analysts set for SKLZ?
6 equities research analysts have issued 1 year target prices for Skillz's stock. Their forecasts range from $2.10 to $7.50. On average, they antic...
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 JOYY (YY) , CarGurus (CARG) , ironSource (IS) , E2open Parent (ETWO) , EVERTEC (EVTC) , Leg...
What is Skillz's stock symbol?
Skillz trades on the New York Stock Exchange (NYSE) under the ticker symbol "SKLZ."
Who are Skillz's major shareholders?
Skillz's stock is owned by many different institutional and retail investors. Top institutional shareholders include Renaissance Technologies LLC (...
Description
Corporate Governance
Skillz Inc. operates as a technology company that enables game developers to monetize their content through fun and fair multi-player competition.
About Skillz
Skillz Inc.’s ISS Governance QualityScore as of February 1, 2022 is 10. The pillar scores are Audit: 10; Board: 9; Shareholder Rights: 10; Compensation: 10.
Skillz (NYSE:SKLZ) Frequently Asked Questions
Skillz Inc. operates a mobile games platform that connects players worldwide. Its platform hosts casual esports tournaments. The company was founded in 2012 and is headquartered in San Francisco, California.
Signals & Forecast
7 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Skillz in the last year. There are currently 5 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" Skillz stock.
Support, Risk & Stop-loss
A buy signal was issued from a pivot bottom point on Thursday, February 03, 2022, and so far it has risen 4.11%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD).
Is Skillz Inc stock A Buy?
Skillz Inc finds support from accumulated volume at $3.76 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
Insiders are positive buying more shares than they are selling in Skillz Inc
Skillz Inc holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Golden Star Signal
In the last 100 trades there were 20.46 million shares bought and 14.1 million shares sold. The last trade was done 5 days ago by Fritz-bianchi Doris who bough 287.77 thousand shares. The large amount of stocks bought compared to stocks sold indicate that the insiders believe there is a potential good upside.
Top Fintech Company
This unique signal uses moving averages and adds special requirements that convert the very good Golden Cross into a Golden Star. This signal is rare and, in most cases, gives substantial returns. From 10 000+ stocks usually only a few will trigger a Golden Star Signal per day!
Summary
featured in The Global Fintech Index 2020 as the top Fintech company of the country.
Investment Thesis
Skillz is a mobile gaming technology platform. The company focuses on enabling monetization opportunities through competition.
But, Monthly Active Users are Falling
Skillz (NYSE: SKLZ) is a mobile gaming technology platform. The company focuses on enabling monetization opportunities through competition. In contrast to other gaming platforms that monetize through in-app purchases [IAP] or in-app advertising [IAA].
Would Venturing into Synchronous Gaming Be The Solution?
The company reported monthly active users (MAU) of 2.4M in FQ2'21. It followed a recent declining trend. In FQ1'21, the MAU was 2.7M. Hence, there was a marked 11.1% quarter-over-quarter ( (QoQ)) drop. Moreover, YoY figures hardly changed. The company reported MAU of 2.6M in FQ1'20. It also reported MAU of 2.5M in Q2'20.
So, is SKLZ Stock a Buy, or is It a Value Trap?
Skillz upped the ante by investing in Exit Games to accelerate its synchronous gaming ambitions. The most prominent genre is battle royale games. Such games include Fortnite, Garena Free Fire ( SE ), and PUBG Mobile ( OTCPK:TCEHY). These are the most dominant mobile games in the battle royale genre today.
Do you want to buy only at the right entry points for your growth stocks?
Skillz is estimated to grow its revenue by a CAGR of 25.1% by FY25. However, it's only expected to turn GAAP EBITDA profitable by FY24. We don't think the revenue CAGR is outstanding by most "speculative stocks" measures. It looks average, in fact.