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.
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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.
