NYSE:SKLZ

Skillz (SKLZ) Stock Forecast, Price & News

$4.85

-0.25 (-4.90%)

(As of 09/22/2023 ET)

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Today's Range: $4.83
▼
$5.19
50-Day Range: $4.85
▼
$12.60
52-Week Range: $4.83
▼
$24.80

Volume: 410,309 shs
Average Volume: 284,892 shs
Market Capitalization: $102.67 million

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $18.00

Skillz MarketRank™ Forecast

Analyst Rating: Hold
2.25 Rating Score
Upside/Downside: 271.1% Upside
$18.00 Price Target
Short Interest: Bearish
13.60% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: N/A
Insider Trading: Acquiring Shares
$762,750 Bought Last Quarter
Proj. Earnings Growth: Growing
From ($5.89) to ($5.22) Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.97 out of 5 stars

Consumer Discretionary Sector

212th out of 271 stocks

Data Processing & Preparation Industry

41st out of 60 stocks

3.1

Analyst's Opinion

Consensus Rating
Skillz has received a consensus rating of Hold. The company's average rating score is 2.25, and is based on 2 buy ratings, 1 hold rating, and 1 sell rating.
Price Target Upside/Downside
According to analysts' consensus price target of $18.00, Skillz has a forecasted upside of 271.1% from its current price of $4.85.
Amount of Analyst Coverage
Skillz has only been the subject of 2 research reports in the past 90 days.

2.0

Short Interest

Percentage of Shares Shorted
13.60% of the float of Skillz has been sold short.
Short Interest Ratio / Days to Cover
Skillz has a short interest ratio ("days to cover") of 3.3, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Skillz has recently increased by 26.62%, indicating that investor sentiment is decreasing significantly.

0.0

Dividend Strength

Dividend Yield
Skillz does not currently pay a dividend.
Dividend Growth
Skillz does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for SKLZ.

0.6

News and Social Media Coverage

News Coverage This Week
MarketBeat has tracked 1 news article for Skillz this week, compared to 1 article on an average week.
Search Interest
Only 8 people have searched for SKLZ on MarketBeat in the last 30 days. This is a decrease of -76% compared to the previous 30 days.
MarketBeat Follows
16 people have added Skillz to their MarketBeat watchlist in the last 30 days. This is an increase of 433% compared to the previous 30 days.

3.3

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Skillz insiders have bought 69.48% more of their company's stock than they have sold. Specifically, they have bought $762,750.00 in company stock and sold $450,066.00 in company stock.
Percentage Held by Insiders
22.67% of the stock of Skillz is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
Only 32.73% of the stock of Skillz is held by institutions.

1.3

Earnings and Valuation

Earnings Growth
Earnings for Skillz are expected to grow in the coming year, from ($5.89) to ($5.22) per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Skillz is -0.36, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Skillz is -0.36, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
Skillz has a P/B Ratio of 0.37. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Skillz (NYSE:SKLZ) Stock

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.

SKLZ Price History

30 days | 90 days | 365 days | Advanced Chart

SKLZ Stock News Headlines

September 20, 2023 | americanbankingnews.com

Skillz (NYSE:SKLZ) Stock Price Down 4.7%

September 8, 2023 | barrons.com

Skillz Inc.

September 24, 2023 | Behind the Markets (Ad)

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September 6, 2023 | finance.yahoo.com

Skillz: Back in Fairly Valued Territory

August 28, 2023 | finance.yahoo.com

With 44% ownership, insiders at Skillz Inc. (NYSE:SKLZ) are pretty optimistic and have been buying recently

August 21, 2023 | seekingalpha.com

Skillz announces $65M share repurchase program, also explores debt repurchase

August 21, 2023 | markets.businessinsider.com

Skillz Shares Rise 19%; To Buyback Up To $65 Mln Of Shares

August 21, 2023 | benzinga.com

What's Sending Skillz Stock Higher Monday?

September 24, 2023 | Chaikin Analytics (Ad)

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August 21, 2023 | msn.com

Why Skillz Stock Is Jumping Today

August 21, 2023 | theglobeandmail.com

Skillz (SKLZ) Shares Skyrocket, What You Need To Know

August 21, 2023 | businesswire.com

Skillz Board of Directors Authorizes $65 Million Share Repurchase Program and Exploration of Debt Repurchases

August 18, 2023 | msn.com

Skillz: Chasing The Clock's Shadow Amid A Shrinking Proposition

August 9, 2023 | benzinga.com

762K Reasons To Be Bullish On Skillz Stock

August 4, 2023 | insidermonkey.com

Skillz Inc. (NYSE:SKLZ) Q2 2023 Earnings Call Transcript

August 3, 2023 | seekingalpha.com

Skillz Platform GAAP EPS of -$1.05 beats by $0.21, revenue of $40.2M misses by $2.37M

August 3, 2023 | finance.yahoo.com

Skillz Announces Second Quarter 2023 Results

July 26, 2023 | finance.yahoo.com

Skillz Inc. (SKLZ) May Report Negative Earnings: Know the Trend Ahead of Q2 Release

July 19, 2023 | finance.yahoo.com

Skillz to Report 2023 Second Quarter Results on August 2 and Host Conference Call and Webcast

July 12, 2023 | msn.com

Huge News for Skillz Stock Investors

July 6, 2023 | msn.com

Skillz Inc - (SKLZ) Price Target Increased by 1526.11% to 14.79

June 30, 2023 | theglobeandmail.com

Unpacking Q1 Earnings: Skillz (NYSE:SKLZ) In The Context Of Other Consumer Internet Stocks

June 27, 2023 | msn.com

Best Stock to Buy: Skillz vs. Block

June 23, 2023 | seekingalpha.com

Skillz: Racing The Clock As Revenue Growth Declines

June 23, 2023 | msn.com

Skillz Drops after Board Approves 1-for-20 Reverse Stock Split

June 23, 2023 | theglobeandmail.com

Skillz (SKLZ) Stock Trades Down, Here Is Why

June 23, 2023 | markets.businessinsider.com

SKLZ Stock Alert: Skillz Announces 1-for-20 Reverse Split

See More Headlines

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SKLZ Company Calendar

Last Earnings: 8/02/2023
Today: 9/24/2023
Next Earnings (Estimated): 11/01/2023
Fiscal Year End: 12/31/2023

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Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: Data processing & preparation
Sub-Industry: N/A
Sector: Consumer Discretionary
Current Symbol: NYSE:SKLZ
CUSIP: N/A
CIK: 1801661
Web: corp.skillz.com
Phone: 415-762-0511
Fax: N/A
Employees: 240
Year Founded: N/A

Price Target and Rating

Average Stock Price Forecast: $18.00
High Stock Price Forecast: $25.00
Low Stock Price Forecast: $9.00
Forecasted Upside/Downside: +271.1%
Consensus Rating: Hold
Rating Score (0-4): 2.25
Research Coverage: 4 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($13.45)
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $-438,880,000.00
Net Margins: -145.87%
Pretax Margin: -148.26%
Return on Equity: -53.35%
Return on Assets: -26.37%

Debt

Debt-to-Equity Ratio: 0.50
Current Ratio: 5.72
Quick Ratio: 5.72

Sales & Book Value

Annual Sales: $269.71 million
Price / Sales: 0.38
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: $13.19 per share
Price / Book: 0.37

Miscellaneous

Outstanding Shares: 21,170,000
Free Float: 16,372,000
Market Cap: $102.67 million
Optionable: Optionable
Beta: 2.72

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Key Executives

Mr. Andrew C. Paradise (Age 40)
Co-Founder, CEO & Chairman
Comp: $548.09k

Mr. Jason Roswig (Age 46)
Pres, CFO, Interim Corp. Controller & Global Head of Accounting
Comp: $401.92k

Mr. Casey Chafkin (Age 38)
Co-founder, Chief Strategy Officer, Treasurer & Director
Comp: $680.92k

Mr. Vassily Filippov
Chief Technology Officer

Mr. Andrew Dahlinghaus (Age 48)
Gen. Counsel & Corp. Sec.

Susan Swanson
Communications Director

Mr. Scott D. Henry (Age 58)
Exec. Advisor

Mr. Timothy David Napoleon (Age 48)
Head of Strategic Partnerships

Mr. Brendan Vanous
Head of Developer Success

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

SKLZ Stock - Frequently Asked Questions

Should I buy or sell Skillz stock right now?: 4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Skillz in the last twelve months. There are currently 1 sell rating, 1 hold rating and 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" SKLZ shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in SKLZ, but not buy additional shares or sell existing shares.
View SKLZ analyst ratings or view top-rated stocks.
What is Skillz's stock price forecast for 2023?: 4 equities research analysts have issued 1 year price targets for Skillz's stock. Their SKLZ share price forecasts range from $9.00 to $25.00. On average, they expect the company's stock price to reach $18.00 in the next twelve months. This suggests a possible upside of 271.1% from the stock's current price.
View analysts price targets for SKLZ or view top-rated stocks among Wall Street analysts.
How have SKLZ shares performed in 2023?: Skillz's stock was trading at $10.13 at the beginning of 2023. Since then, SKLZ shares have decreased by 52.1% and is now trading at $4.85.
View the best growth stocks for 2023 here.
Are investors shorting Skillz?: Skillz saw a increase in short interest in August. As of August 31st, there was short interest totaling 1,760,000 shares, an increase of 26.6% from the August 15th total of 1,390,000 shares. Based on an average daily trading volume, of 539,700 shares, the short-interest ratio is presently 3.3 days. Currently, 13.6% of the company's stock are short sold.
View Skillz's Short Interest.
When is Skillz's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 1st 2023.
View our SKLZ earnings forecast.
How were Skillz's earnings last quarter?: Skillz Inc. (NYSE:SKLZ) posted its quarterly earnings results on Wednesday, August, 2nd. The company reported ($1.62) EPS for the quarter, missing the consensus estimate of ($1.49) by $0.13. The business earned $40.17 million during the quarter, compared to analysts' expectations of $43.16 million. Skillz had a negative net margin of 145.87% and a negative trailing twelve-month return on equity of 53.35%.
What ETFs hold Skillz's stock?: ETFs with the largest weight of Skillz (NYSE:SKLZ) stock in their portfolio include Pacer BlueStar Digital Entertainment ETF (ODDS).Global X Video Games & Esports ETF (HERO).

When did Skillz's stock split?: Skillz shares reverse split on the morning of Monday, June 26th 2023. The 1-20 reverse split was announced on Monday, June 26th 2023. The number of shares owned by shareholders was adjusted after the market closes on Monday, June 26th 2023. An investor that had 100 shares of stock prior to the reverse split would have 5 shares after the split.
What is Skillz's stock symbol?: Skillz trades on the New York Stock Exchange (NYSE) under the ticker symbol "SKLZ."
Who are Skillz's major shareholders?: Skillz's stock is owned by a number of institutional and retail investors. Top institutional investors include Wildcat Capital Management LLC (4.64%), State Street Corp (1.87%), Renaissance Technologies LLC (1.62%), BlackRock Inc. (1.43%), Coastal Bridge Advisors LLC (1.17%) and Geode Capital Management LLC (0.68%). Insiders that own company stock include Andrew Paradise, Casey Chafkin, Charlotte Edelman, Christopher S Gaffney, Harry Sloan, Jason Roswig, Jerome Leon Bruckheimer, Kent Wakeford, Kevin Chessen, Miriam Aguirre and Stanley Mbugua.
View institutional ownership trends.
How do I buy shares of Skillz?: Shares of SKLZ stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is Skillz's stock price today?: One share of SKLZ stock can currently be purchased for approximately $4.85.
How much money does Skillz make?: Skillz (NYSE:SKLZ) has a market capitalization of $102.67 million and generates $269.71 million in revenue each year. The company earns $-438,880,000.00 in net income (profit) each year or ($13.45) on an earnings per share basis.
How many employees does Skillz have?: The company employs 240 workers across the globe.
How can I contact Skillz?: Skillz's mailing address is 2121 AVENUE OF THE STARS SUITE 2300, LOS ANGELES CA, 90067. The official website for the company is corp.skillz.com. The company can be reached via phone at 415-762-0511 or via email at ir@skillz.com.

This page (NYSE:SKLZ) was last updated on 9/24/2023 by MarketBeat.com Staff

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