The price of Skillz Inc. (NYSE:SKLZ) shares last traded on Wall Street rose 2.20% to $0.94.
Based on available information, 8 analysts follow Skillz Inc. (NYSE:SKLZ). The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $3.75 and a low of $0.71, we find $1.08. Given the previous closing price of $0.92, this indicates a potential upside of 17.39 percent. SKLZ stock price is now -10.24% away from the 50-day moving average and -49.38% away from the 200-day moving average. The market capitalization of the company currently stands at $411.15M.
Among analysts, 5 rate the stock a hold while 2 rate it a buy. Brokers who have rated the stock have averaged $1.45 as their price target over the next twelve months.
With the price target maintained at $0.65, BTIG Research recently Downgraded its rating from Neutral to Sell for Skillz Inc. (NYSE: SKLZ). On August 04, 2022, Canaccord Genuity Downgraded its previous ‘Buy’ rating to ‘Hold’ on the stock reducing its target price from $5 to quote $1.50, while ‘Citigroup’ rates the stock as ‘Neutral’.
In other news, Mbugua Stanley, Chief Accounting Officer sold 10,620 shares of the company’s stock on Sep 28. The stock was sold for $11,310 at an average price of $1.06. Upon completion of the transaction, the Chief Accounting Officer now directly owns 29,290 shares in the company, valued at $27532.6. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 14, Director SLOAN HARRY bought 100,000 shares of the business’s stock. A total of $227,000 was incurred on buying the stock at an average price of $2.27. This leaves the insider owning 291,423 shares of the company worth $0.27 million. A total of 3.70% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in SKLZ stock. A new stake in Skillz Inc. shares was purchased by BNP PARIBAS ARBITRAGE, SNC during the first quarter worth $928,000. CHIMERA CAPITAL MANAGEMENT LLC invested $332,000 in shares of SKLZ during the first quarter. In the first quarter, WOODLINE PARTNERS LP acquired a new stake in Skillz Inc. valued at approximately $226,000. VIRTU FINANCIAL LLC acquired a new stake in SKLZ for approximately $178,000. EXODUSPOINT CAPITAL MANAGEMENT, LP purchased a new stake in SKLZ valued at around $109,000 in the second quarter. In total, there are 283 active investors with 44.50% ownership of the company’s stock.
A candlestick chart of Skillz Inc. (NYSE: SKLZ) showed a price of $0.9211 on Tuesday morning. During the past 12 months, Skillz Inc. has had a low of $0.83 and a high of $10.41. As of last week, the company has a debt-to-equity ratio of 0.63, a current ratio of 9.30, and a quick ratio of 9.30. The fifty day moving average price for SKLZ is $1.0493 and a two-hundred day moving average price translates $1.8605 for the stock.
The latest earnings results from Skillz Inc. (NYSE: SKLZ) was released for Jun, 2022. According to the Electronic Gaming & Multimedia Company, earnings per share came in at -$0.14, beating analysts’ expectations of -$0.16 by 0.02. This compares to $0.13 EPS in the same period last year. The company reported revenue of $60.26 million for the quarter, compared to $102.07 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -40.97 percent. For the current quarter, analysts expect SKLZ to generate $51.66M in revenue.
Skillz Inc.(SKLZ) Company Profile
Skillz Inc. 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. It also hosts casual esports tournaments to a range of mobile players. The company distributes games through direct app download from its website, as well as through third-party platforms. Skillz Inc. was founded in 2012 and is headquartered in San Francisco, California.