What happened to Skillz stock?
I had been an investor in Skillz (NYSE: SKLZ), the mobile-gaming competition platform, since it went public via a merger with a special purpose acquisition company ( SPAC) in December 2020. The stock's been volatile, soaring as high as $46 per share and plummeting to the low single digits over the past 12 months.
Who are the largest shareholders of Skillz?
The largest institutional owner of Skillz is "Morgan Stanley - Brokerage Accounts", owning 8.39% of the company's total share outstanding. The largest mutual fund owner of Skillz is "ARK Disruptive Innovation Full Composite", owning 3.90% of the company's total share outstanding.
When was Skillz founded?
Founded in 2012, Skillz is headquartered in San Francisco and backed by leading venture capitalists as well as the owners of the New England Patriots, Milwaukee Bucks, New York Mets and Sacramento Kings. Skillz raised $25 million in December 2017. ^ Heitner, Darren (December 13, 2017).
Should you invest in Skillz Inc (SKLZ)?
Investing in stocks comes with the risk that the share price will fall. And unfortunately for Skillz Inc. ( NYSE:SKLZ...
Who holds Skillz stock?
Top 10 Owners of Skillz IncStockholderStakeShares ownedThe Vanguard Group, Inc.4.47%15,239,667BlackRock Fund Advisors2.99%10,204,223SSgA Funds Management, Inc.2.05%6,981,329D. E. Shaw & Co. LP1.92%6,536,0356 more rows
How many shares of Skillz are there?
Share Statistics Skillz has 409.53 million shares outstanding.
Is Skillz stock shorted?
25.30% of Skillz's shares are currently sold short.
Is Skillz Inc profitable?
Gross profit grew to $79.4 million during the first quarter of 2021, up 95% over the prior year. Gross margin was 95% during the first quarter of 2021, 100 basis points higher than the prior year. Net loss was $53.6 million during the first quarter of 2021, compared with $15.5 million in the prior year.
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 stock do?
Skillz Inc (NYSE:SKLZ) is a technology company that develops multiplayer mobile video games, with more than 2B tournaments hosted in 2020.
Is Skillz a buy or sell?
Skillz has received a consensus rating of Buy. The company's average rating score is 2.50, and is based on 3 buy ratings, 3 hold ratings, and no sell ratings.
How much is Skillz shorted?
$SKLZ short interest is $622M 58.73M shares shorted 24.05 % SI% of Float 19.39 % S3 SI% Float 1.82 % fee Shares shorted up +502K shs, worth $5M, 0.86 %, over the last week. Shorts up +$420M in 2021 mark-to-market profits; including -$69M on today's +9.95 % move.
What are the most shorted stocks?
Most Shorted StocksSymbol SymbolCompany NameFloat Shorted (%)BYND BYNDBeyond Meat Inc.40.17%VERV VERVVerve Therapeutics Inc.38.69%BGFV BGFVBig 5 Sporting Goods Corp.37.73%ICPT ICPTIntercept Pharmaceuticals Inc.37.73%42 more rows
Is Skillz going out of business?
But Skillz is not going out of business. They have created valuable assets and their cash burn can be cut quickly (which has already started). Skillz's upcoming NFL deal merges two strong money-making themes — betting and playing video football games — and is a strong driver of future earnings.
Is Skillz growing?
But, Skillz is now low-growth and a hugely unprofitable company.
Does Skillz have debt?
Skillz has $743 million in cash and short-term investments at the end of 2021, but it also has $300 million in debt at a 10.25% interest rate.
Where is Skillz headquartered?
VentureBeat. Founded in 2012, Skillz is headquartered in San Francisco and backed by leading venture capitalists as well as the owners of the New England Patriots, Milwaukee Bucks, New York Mets and Sacramento Kings. Skillz raised $25 million in December 2017. ^ Heitner, Darren (December 13, 2017).
How many users does Skillz have?
Developers are able to use the Skillz platform to turn a mobile game into an eSport. Skillz currently has 18 million users registered on the platform and around 13,000 developer partners. As such, Skillz has hosted over 800 million tournaments.
What is skillz arena?
Skillz is also involved in recording and broadcasting all of the games being played on the network, and built out a portal called Skillz Arena, which is a product for streamers to run their own sophisticated esports tournament streams. ^ "Skillz hits $100 million revenue run-rate with mobile esports platform".
How much money did Skillz raise?
Through different rounds of funding, Skillz has raised $53 million from venture capitalists including Liberty Global, Telstra, Accomplice, Wildcat Capital, as well as the owners of the New England Patriots, Milwaukee Bucks, New York Mets, and Sacramento Kings. By June 2015, Skillz had launched 550 games and partnered with 1,100 game studios.
What is skillz?
Skillz is an online mobile multiplayer video game competition platform that is integrated into a number of iOS and Android games. Players use it to compete in competitions against other players across the world.
Does Skillz have multiplayer?
There are games that have the Skillz multiplayer platform integrated onto them . Tether Studios is one such developer of Skillz games, which used the Skillz platform to add a cash-rewarded competition element to their Solitaire Cube game, leading to increased player retention.
Skillz Announces Q4 2021 and FY 2021 Results
SAN FRANCISCO, February 23, 2022--Skillz Inc. (NYSE: SKLZ) ("Skillz" or the "Company"), the leading mobile games platform bringing fun and fair competition to players worldwide, today announced financial results for the fourth quarter ending December 31, 2021, and initiated full year revenue guidance for 2022.
Skillz To Host Virtual Investor Day
SAN FRANCISCO, February 22, 2022--Skillz Inc. (NYSE: SKLZ) ("Skillz"), the leading mobile games platform bringing fair and fun competition to players worldwide, today announced that it will host a virtual Investor Day on Tuesday, March 15, 2022 beginning at 11:00am ET and concluding at 1:30pm ET.
Skillz Opens Q&A Platform for Shareholders Ahead of Fourth Quarter 2021 Results
SAN FRANCISCO, February 14, 2022--Skillz Inc. (NYSE: SKLZ) ("Skillz"), the leading mobile games platform bringing fair and fun competition to players worldwide, today announced the opening of a shareholder Q&A platform to be used in its upcoming earnings call.
