Shares of mobile-gaming platform Skillz (SKLZ -5.30%) were soaring on Wednesday after the company announced the acquisition of advertising-technology company Aarki. However, it's likely the acquisition isn't the only thing sending the stock higher today, as we'll see in a moment. As of 1 p.m. EST, Skillz stock was up a whopping 32%. So what
What's happening with Skillz stock?
Apr 12, 2022 · Very Negative. Source. Headline. Skillz Inc. (NYSE:SKLZ) Expected to Announce Quarterly Sales of $90.45 Million. americanbankingnews.com - April 12 at 3:04 AM. Skillz Stock: Management Hopes for a Revival With Cloud Effort - InvestorPlace. investorplace.com - April 11 …
How important is SKLZ's (SKLZ) excessive fee structure?
Jun 02, 2021 · Shares of mobile-gaming platform Skillz ( SKLZ -5.30% ) were soaring on Wednesday after the company announced the acquisition of advertising-technology company Aarki. However, it's likely the...
What did SKLZ’S Q4 2021 earnings call reveal?
2 days ago · Just on a year-to-date basis alone, SKLZ stock has hemorrhaged 70%. Since its first day of trading, shares are down about 77%, in part reflecting a loss of pertinence as cooped-up residents lose ...
Is SKLZ a good buy?
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. If you have nerves of steel, you ought to be buying at this level.Feb 1, 2022
Is SKLZ undervalued?
Skillz lets people legally bet on their video game play and win money. It's an entirely new form of entertainment and growing like crazy. In this volatile market, the SKLZ stock has suffered about a 95% drop in value and is now trading at "going-out-of-business" levels.Mar 20, 2022
What is the future of SKLZ stock?
Stock Price Forecast The 7 analysts offering 12-month price forecasts for Skillz Inc have a median target of 4.00, with a high estimate of 7.50 and a low estimate of 2.50. The median estimate represents a +76.21% increase from the last price of 2.27.
Is SKLZ overvalued?
Shares are down over 80% from their 52-week high of $46.30. It's a tough pill to swallow for investors who purchased into what seemed like an unstoppable force in gaming competition platforms — at least until now.Nov 15, 2021
What is the intrinsic value of NIO?
As of today (2022-04-15), NIO's Intrinsic Value: Projected FCF is $0.00. The stock price of NIO is $19.65. Therefore, NIO's Price-to-Intrinsic-Value-Projected-FCF of today is 0.0.
How high will DKNG stock go?
The 26 analysts offering 12-month price forecasts for DraftKings Inc have a median target of 31.50, with a high estimate of 79.00 and a low estimate of 18.00. The median estimate represents a +86.72% increase from the last price of 16.87.
Is SKLZ 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.Feb 17, 2022
Is Skillz a Buy Sell or Hold?
Skillz has received a consensus rating of Buy. The company's average rating score is 2.50, and is based on 4 buy ratings, 4 hold ratings, and no sell ratings.
Why did Skillz stock drop?
There was no news to cause the decline, just continued poor investor sentiment that has been hurting Skillz in the last month or so since the omicron variant first showed up on the scene. With just days until the new year, shares have now lost some 63% of their value in 2021.Dec 28, 2021
What happened
Shares of mobile-gaming platform Skillz ( NYSE:SKLZ) were soaring on Wednesday after the company announced the acquisition of advertising-technology company Aarki. However, it's likely the acquisition isn't the only thing sending the stock higher today, as we'll see in a moment. As of 1 p.m. EST, Skillz stock was up a whopping 32%.
So what
Skillz is acquiring demand-side platform (DSP) Aarki for $150 million, financed with a combination of stock and cash. The acquisition is good for the company for at least two reasons: First, Skillz should be able to acquire more users by leveraging Aarki's advertising technology and expertise in mobile-gaming ads.
Now what
On its own, I don't believe Skillz's acquisition of Aarki would send the stock up 32% in a single day. Don't misunderstand me: I see the acquisition as a potentially beneficial move in the long term. But I don't think the market is this excited about it. Rather, this could be a short squeeze coming into play.
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SKLZ stock forecast
A pretty slow day by comparison on Thursday, but the initial breakout level of $12 still held and this is key in our opinion. This was the breakout level, and a retracement is fine so long as $12 is not broken. This may actually serve to give renewed power to the bullish move.
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