The price of Skillz Inc. (NYSE:SKLZ) shares last traded on Wall Street rose 1.95% to $0.54.
Based on available information, 6 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 $2.00 and a low of $0.40, we find $0.60. Given the previous closing price of $0.53, this indicates a potential upside of 13.21 percent. SKLZ stock price is now -6.96% away from the 50-day moving average and -38.61% away from the 200-day moving average. The market capitalization of the company currently stands at $245.01M.
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Among analysts, 3 rate the stock a hold while 2 rate it a buy. Brokers who have rated the stock have averaged $0.89 as their price target over the next twelve months.
In other news, Paradise Andrew, Chief Executive Officer bought 157,344 shares of the company’s stock on May 15. The stock was bought for $86,539 at an average price of $0.55. Upon completion of the transaction, the Chief Executive Officer now directly owns 10,456,647 shares in the company, valued at $5.65 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 12, Chief Executive Officer Paradise Andrew bought 1,342,656 shares of the business’s stock. A total of $698,181 was incurred on buying the stock at an average price of $0.52. This leaves the insider owning 10,299,303 shares of the company worth $5.56 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 JACOBS LEVY EQUITY MANAGEMENT, INC during the first quarter worth $230,000. FRANKLIN RESOURCES INC invested $157,000 in shares of SKLZ during the first quarter. In the first quarter, VIRTU FINANCIAL LLC acquired a new stake in Skillz Inc. valued at approximately $141,000. TRUE SIGNAL LP acquired a new stake in SKLZ for approximately $97,000. BANK OF MONTREAL /CAN/ purchased a new stake in SKLZ valued at around $64,000 in the second quarter. In total, there are 251 active investors with 44.30% ownership of the company’s stock.
A candlestick chart of Skillz Inc. (NYSE: SKLZ) showed a price of $0.5339 on Monday morning. During the past 12 months, Skillz Inc. has had a low of $0.45 and a high of $2.18. As of last week, the company has a debt-to-equity ratio of 1.08, a current ratio of 7.30, and a quick ratio of 7.30. The fifty day moving average price for SKLZ is $0.5842 and a two-hundred day moving average price translates $0.8794 for the stock.
The latest earnings results from Skillz Inc. (NYSE: SKLZ) was released for Mar, 2023. According to the Electronic Gaming & Multimedia Company, earnings per share came in at -$0.09, missing analysts’ expectations of -$0.07 by -0.02. This compares to -$0.37 EPS in the same period last year. The company reported revenue of $44.38 million for the quarter, compared to $91.86 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -51.69 percent. For the current quarter, analysts expect SKLZ to generate $43.91M in revenue.
Skillz Inc.(SKLZ) Company Profile
Skillz Inc. operates a mobile game platform in the United States and internationally. 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. 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 based in San Francisco, California.
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