Skillz's stock price is down 45.7% so far in 2021, and not without reason. The company has been spending aggressively on customer acquisition, and that is worrying some investors.
What happened to Skillz stock?
Aug 04, 2021 · Shares of mobile games platform Skillz ( SKLZ -8.08% ) are down 6.4% as of 11:30 a.m. EDT today, after the company missed earnings …
Should you invest in Skillz (Sklz) right now?
Jul 07, 2021 · As of 3:30 p.m. EDT, Skillz stock was down more than 5% for the session. The company didn't report any news, which has some traders blaming the drop on market uncertainty caused by the Federal Open...
Why did Skillz raise $300 million in debt capital?
Feb 04, 2022 · Shares of Skillz ( SKLZ -8.41% ) are down 15.5% from their Friday close last week, according to data from S&P Global Market Intelligence, after investing guru Cathie Wood sold off a huge tranche of...
Can SKLZ stock recuperate any time soon?
Aug 03, 2021 · There may be some hesitancy on the part of the market over how the coronavirus variants will impact Skillz's business, as the U.S. Centers for …
Will Skillz go up?
3, 2021, Skillz said that it expected full-year revenue of $389 million. That's an increase of 69% year-over-year (YOY). In 2020, the company had full-year revenue of $230 million. That means Skillz expects its revenues to grow by $159 million YOY, or 5.1 times its interest payment on its new debt.Feb 1, 2022
What happen to Skillz?
Skillz Inc. shares plummeted about 25% to $2.69 in after-hours trading after the company posted a higher loss in the fourth quarter and weaker-than-expected 2022 revenue guidance.Feb 23, 2022
Is Skillz losing money?
In 2021 Skillz did deliver growth, revenue 67% ahead of 2020. But operating losses nearly tripled to $287 million, and the net loss was $181 million. SKLZ stock ended the year with $590 million in cash and marketable securities on the books.Mar 8, 2022
Did Cathie sell Skillz stock?
Skillz (NYSE:SKLZ) stock is on the move Monday as investors react to Cathie Wood's Ark Invest selling a large chunk of its stake in the company.Jan 31, 2022
Why is Skillz stock going up?
Shares of mobile-gaming platform Skillz ( SKLZ -0.77% ) shot up on Wednesday after a prominent analyst maintained a buy rating on the stock and set a price target almost double to where it trades right now. As of 3 p.m. ET, Skillz stock was up 14%.Feb 9, 2022
How do I buy shares in Skillz?
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Does Ark still own SKLZ?
SKLZ represents a meager percentage of both ARKK and ARKW as it appears that Wood intends to cut the stock from her exchange traded funds. ARKK's weighting in SKLZ is 0.13%, making it the ETF's 40th largest holding. Additionally, SKLZ represents 0.25% of ARKW, its 37th-largest holding.Feb 1, 2022
What is Cathie Wood buying?
It snapped up Tesla, Coinbase and Zoom Thursday. Tesla is the No. 1 holding in Ark's flagship Ark Innovation ETF.Feb 25, 2022
How many shares of SKLZ does ARK own?
Over at the ARK Next Generation Internet ETF (NYSEARCA:ARKW), the fund holds 7.0 million shares of Skillz, good for 22nd position in ARKW.Nov 1, 2021
Fear was taking hold on the market today, leading to a small sell-off in high-growth companies
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What happened
Shares of mobile-gaming platform Skillz ( NYSE:SKLZ) dropped sharply on Wednesday, as did shares of many other high-growth companies. As of 3:30 p.m. EDT, Skillz stock was down more than 5% for the session.
So what
Today at 2 p.m. EDT, the FOMC was scheduled to release the minutes from its meeting in mid-June. Whenever there's a high-profile meeting to discuss fiscal policy, investors tend to get jumpy. Consider that the S&P 500 is up 37% over the past year despite the challenges from the COVID-19 pandemic.
Now what
For Skillz, nothing fundamentally changed today that will make or break a long-term investment. In the short term anything can happen. Investors could turn overly bearish on Skillz stock tomorrow for unrelated issues like interest rates or bond yields, but there'd be no way to predict this.
Who is the CEO of Skillz?
Andrew Paradise, founder and CEO of Skillz, said this about the earnings news hitting SKLZ stock. “We are proud to report record-breaking first quarter results, giving us 21 consecutive quarters of revenue growth.
How much is Skillz 2021?
On the bright side, Skillz’s revenue for the first quarter of 2021 came in at $83.68 million. That above analysts’ revenue estimate of $78.58 million for the quarter. It’s also an increase over the company’s revenue of $43.56 million from the same time last year.
Skillz Still a Player, Following Deep Correction
Skillz stock has been among the biggest under-performers in the last six months. During this period, the stock of this mobile game platform has declined by 73%. The sustained decline has resulted from a few negative business developments. However, a potential reversal in key growth metrics seems likely.
Replay: Engine Media CEO and Executive Chairman in Fireside Chat
IPO Edge and The Palm Beach Hedge Fund Association hosted a fireside chat with the CEO and Executive Chairman of Engine Media Inc. (Nasdaq: GAME) on Thursday, Aug. 5 at 2pm ET to discuss the company’s positioning in high-growth sectors, its unique portfolio of media and gaming businesses, and the stock’s trading performance.
Skillz: Game Not Over but Much Left to Prove
It has been a rough period for Skillz (SKLZ) investors as shares have been on the backfoot, shedding 36% of their value over the past month. The selloff only continued following a lackluster 2Q earnings report.
Skillz vs. Unity Software: Which Gaming Stock Rules?
The market for 3D interactive content, including video games and 3D entertainment, is expanding rapidly. Due to the COVID-19 pandemic, user engagement has risen across both 3D entertainment platforms and mobile gaming, as more users play 3D video games or indulge in 3D virtual experiences.
Skillz (NYSE:SKLZ) Is In Line with Growth, and has Enough Capital to Ramp Up Development
Young companies such as Skillz (NYSE:SKLZ), need capital in order to reach their full potential and profitability. Debt can often be risky and is more appropriate for already profitable companies. That is why cash from investors is a much better option while a company grows.
Wells Fargo Sets Expectations on Skillz Stock Ahead of Earnings
MAUs (monthly active users) is a vital metric for companies who depend on platform usage to gauge the health of its business. Shares often fall or rise following a quarterly statement which showed a strong move in either direction.
Is Skillz Skilled at Maintaining Momentum?
The digital gaming space is one that’s red-hot right now, and for good reason. Investors want exposure to stocks with outsized growth potential over the long-term. For investors looking at this space, Skillz (SKLZ) has become one of the go-to stocks today.