Skillz Inc. [NYSE: SKLZ] price surged by 1.44 percent to reach at $0.27. The company report on March 25, 2021 that Skillz Outlook Outperforms Analysts’ Expectations for First Quarter 2021 and Sets Date for Earnings Call.
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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. 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.
A sum of 8727303 shares traded at recent session while its average daily volume was at 10.66M shares. Skillz Inc. shares reached a high of $19.55 and dropped to a low of $18.68 until finishing in the latest session at $19.03.
The one-year SKLZ stock forecast points to a potential upside of 39.39. The average equity rating for SKLZ stock is currently 1.80, trading closer to a bullish pattern in the stock market.
Guru’s Opinion on 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 $31.40 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 2.64, with the Price to Sales ratio for SKLZ stock in the period of the last 12 months amounting to 32.48. The Price to Book ratio for the last quarter was 23.79, with the Price to Cash per share for the same quarter was set at 0.67.
SKLZ Stock Performance Analysis:
Skillz Inc. [SKLZ] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 5.72. With this latest performance, SKLZ shares dropped by -30.67% in over the last four-week period, additionally plugging by 53.59% 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 33.40, with the RSI for the last a single of trading hit 29.90, and the three-weeks RSI is set at 37.34 for Skillz Inc. [SKLZ]. The present Moving Average for the last 50 days of trading for this stock 29.30, while it was recorded at 18.74 for the last single week of trading, and 17.90 for the last 200 days.
Insight into Skillz Inc. 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 Position Details
There are presently around $2,931 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 4.70% of the total institutional ownership; ATLAS VENTURE ASSOCIATES XI, LLC, holding 23,284,403 shares of the stock with an approximate value of $443.1 million in SKLZ stocks shares; and WILDCAT CAPITAL MANAGEMENT, LLC, currently with $407.87 million in SKLZ stock with ownership of nearly New of the company’s market capitalization.
85 institutional holders increased their position in Skillz Inc. [NYSE:SKLZ] by around 138,763,456 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 154,028,894 shares, according to the latest SEC report filing. SKLZ stock had 64 new institutional investments in for a total of 108,278,353 shares, while 54 institutional investors sold positions of 18,281,622 shares during the same period.