Skillz Inc. [NYSE: SKLZ] closed the trading session at $18.00 on 03/29/21. The day’s price range saw the stock hit a low of $17.84, while the highest price level was $19.59. The company report on March 25, 2021 that Skillz Outlook Outperforms Analysts’ Expectations for First Quarter 2021 and Sets Date for Earnings Call.
Strong Player Growth Drives Record Revenue.
Skillz Inc. (NYSE: SKLZ), the leading mobile games platform bringing fair competition to players worldwide, released its outlook for the first quarter ending March 31, 2021 today. The Company also announced that it will release its fiscal first quarter financial results on May 4, 2021 after the end of trading on the New York Stock Exchange.
The stocks have a year to date performance of -10.00 percent and weekly performance of -27.24 percent. The stock has been moved at 50.75 percent over the last six months. The stock has performed -43.06 percent around the most recent 30 days and changed -5.36 percent over the most recent 3-months.
If compared to the average trading volume of 9.97M shares, SKLZ reached to a volume of 16582357 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say about Skillz Inc. [SKLZ]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for SKLZ shares is $31.80 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on SKLZ stock is a recommendation set at 1.80. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
UBS have made an estimate for Skillz Inc. shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on February 25, 2021. While these analysts kept the previous recommendation, Canaccord Genuity raised their target price to Buy. The new note on the price target was released on January 19, 2021, representing the official price target for Skillz Inc. stock. Previously, the target price had yet another raise to $28, while Wells Fargo analysts kept a Equal Weight rating on SKLZ stock.
The Average True Range (ATR) for Skillz Inc. is set at 3.13, with the Price to Sales ratio for SKLZ stock in the period of the last 12 months amounting to 31.46. The Price to Book ratio for the last quarter was 22.50, with the Price to Cash per share for the same quarter was set at 0.65.
SKLZ stock trade performance evaluation
Skillz Inc. [SKLZ] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -27.24. With this latest performance, SKLZ shares dropped by -43.06% in over the last four-week period, additionally plugging by 50.75% over the last 6 months.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for SKLZ stock in for the last two-week period is set at 28.99, with the RSI for the last a single of trading hit 21.07, and the three-weeks RSI is set at 34.72 for Skillz Inc. [SKLZ]. The present Moving Average for the last 50 days of trading for this stock 30.17, while it was recorded at 19.83 for the last single week of trading, and 17.69 for the last 200 days.
Skillz Inc. [SKLZ]: An insightful look at the core fundamentals
Skillz Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 5.80 and a Current Ratio set at 5.80.
Skillz Inc. [SKLZ]: Insider Ownership positions
There are presently around $2,773 million, or 42.10% of SKLZ stock, in the hands of institutional investors. The top three institutional holders of SKLZ stocks are: ATLAS VENTURE ASSOCIATES IX, LLC with ownership of 23,284,403, which is approximately New of the company’s market cap and around 5.20% of the total institutional ownership; ATLAS VENTURE ASSOCIATES XI, LLC, holding 23,284,403 shares of the stock with an approximate value of $419.12 million in SKLZ stocks shares; and WILDCAT CAPITAL MANAGEMENT, LLC, currently with $385.8 million in SKLZ stock with ownership of nearly New of the company’s market capitalization.
84 institutional holders increased their position in Skillz Inc. [NYSE:SKLZ] by around 138,763,227 shares. Additionally, 75 investors decreased positions by around 24,202,347 shares, while 3 investors held positions by with 8,936,909 shares. The mentioned changes placed institutional holdings at 154,028,665 shares, according to the latest SEC report filing. SKLZ stock had 63 new institutional investments in for a total of 108,278,124 shares, while 54 institutional investors sold positions of 18,281,622 shares during the same period.