Skillz Inc. [NYSE: SKLZ] surged by $0.03 during the normal trading session on Monday and reaching a high of $0.7364 during the day while it closed the day at $0.73. The company report on March 30, 2023 that Skillz Announces Q4 2022 and Fiscal Year 2022 Results.
– Fourth Quarter Revenue of $46.9 million, Net Loss of $143.5 million.
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Skillz Inc. stock has also gained 5.97% of its value over the past 7 days. However, SKLZ stock has declined by -0.99% in the 3 months of the year. Over the past six months meanwhile, it has lost -20.03% and gained 44.36% year-on date.
The market cap for SKLZ stock reached $334.23 million, with 416.10 million shares outstanding and 288.39 million shares in the current float. Compared to the average trading volume of 8.45M shares, SKLZ reached a trading volume of 4975131 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]:
BTIG Research have made an estimate for Skillz Inc. shares, keeping their opinion on the stock as Sell, with their previous recommendation back on October 12, 2022. While these analysts kept the previous recommendation, Canaccord Genuity dropped their target price from $5 to $1.50. The new note on the price target was released on August 04, 2022, representing the official price target for Skillz Inc. stock. Previously, the target price had yet another drop from $5 to $2.10, while Citigroup kept a Neutral rating on SKLZ stock. On February 24, 2022, analysts decreased their price target for SKLZ shares from 25 to 7.50.
The Average True Range (ATR) for Skillz Inc. is set at 0.07, with the Price to Sales ratio for SKLZ stock in the period of the last 12 months amounting to 1.24. The Price to Book ratio for the last quarter was 1.09, with the Price to Cash per share for the same quarter was set at 1.07.
SKLZ stock trade performance evaluation
Skillz Inc. [SKLZ] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 5.97. With this latest performance, SKLZ shares gained by 38.96% in over the last four-week period, additionally sinking by -20.03% over the last 6 months – not to mention a drop of -71.66% in the past year of trading.
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 61.44, with the RSI for the last a single of trading hit 65.04, and the three-weeks RSI is set at 57.74 for Skillz Inc. [SKLZ]. The present Moving Average for the last 50 days of trading for this stock 0.6417, while it was recorded at 0.7078 for the last single week of trading, and 0.9854 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 10.10 and a Current Ratio set at 10.10.
Skillz Inc. [SKLZ]: Insider Ownership positions
There are presently around $104 million, or 44.30% 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 22,909,859, which is approximately 0% of the company’s market cap and around 3.70% of the total institutional ownership; BLACKROCK INC., holding 22,890,590 shares of the stock with an approximate value of $15.96 million in SKLZ stocks shares; and WILDCAT CAPITAL MANAGEMENT, LLC, currently with $15.08 million in SKLZ stock with ownership of nearly 0% of the company’s market capitalization.
78 institutional holders increased their position in Skillz Inc. [NYSE:SKLZ] by around 18,058,406 shares. Additionally, 92 investors decreased positions by around 9,671,911 shares, while 60 investors held positions by with 121,599,697 shares. The mentioned changes placed institutional holdings at 149,330,014 shares, according to the latest SEC report filing. SKLZ stock had 30 new institutional investments in for a total of 6,604,626 shares, while 36 institutional investors sold positions of 4,206,893 shares during the same period.