Skillz Inc [SKLZ] stock prices are up 1.41% to $5.03 at the moment. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The SKLZ shares have gain 14.58% over the last week, with a monthly amount drifted -11.75%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Skillz Inc [NYSE: SKLZ] stock has seen the most recent analyst activity on October 12, 2022, when BTIG Research downgraded its rating to a Sell but kept the price target unchanged to $0.65 for it. Previously, Canaccord Genuity downgraded its rating to Hold on August 04, 2022, and dropped its price target to $1.50. On May 23, 2022, downgrade downgraded it’s rating to Neutral and revised its price target to $2.10 on the stock. Wedbush reiterated its Outperform rating and decreased its price target to $7.50 on February 24, 2022. RBC Capital Mkts reiterated its recommendation of a Sector Perform and reduced its price target to $2.50 on February 24, 2022. Canaccord Genuity reiterated a Buy rating for this stock on February 24, 2022, and downed its price target to $7.
The stock price of Skillz Inc [SKLZ] has been fluctuating between $4.33 and $7.48 over the past year. Currently, Wall Street analysts expect the stock to reach $6 within the next 12 months. Skillz Inc [NYSE: SKLZ] shares were valued at $5.03 at the most recent close of the market. An investor can expect a potential return of 19.28% based on the average SKLZ price forecast.
Analyzing the SKLZ fundamentals
The Skillz Inc [NYSE:SKLZ] reported sales of 104.23M for trailing twelve months, representing a drop of -32.57%. Gross Profit Margin for this corporation currently stands at 0.87% with Operating Profit Margin at -0.87%, Pretax Profit Margin comes in at -0.41%, and Net Profit Margin reading is -0.41%. To continue investigating profitability, this company’s Return on Assets is posted at -0.11, Equity is -0.21 and Total Capital is -0.27. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.63.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 4.91 points at the first support level, and at 4.79 for the second support level. However, for the 1st resistance point, the stock is sitting at 5.16, and for the 2nd resistance point, it is at 5.29.
Ratios To Look Out For
It’s worth pointing out that Skillz Inc [NYSE:SKLZ]’s Current Ratio is 5.80. Further, the Quick Ratio stands at 5.80, while the Cash Ratio is 5.43. Considering the valuation of this stock, the price to sales ratio is 0.86, the price to book ratio is 0.45.
Transactions by insiders
Recent insider trading involved Lento Salvatore Jr., Controller, that happened on Nov 15 ’24 when 2157.0 shares were sold. Officer, Lento Salvatore Jr. completed a deal on Nov 15 ’24 to buy 2157.0 shares.
