Skillz Inc. (NYSE: SKLZ) is -85.89% lower on its value in year-to-date trading and has touched a low of $1.08 and a high of $13.13 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The SKLZ stock was last observed hovering at around $1.09 in the last trading session, with the day’s loss setting it -0.04% off its average median price target of $1.75 for the next 12 months. It is also 72.0% off the consensus price target high of $3.75 offered by 8 analysts, but current levels are 30.0% higher than the price target low of $1.50 for the same period.
Currently trading at $1.05, the stock is -18.41% and -28.57% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 6.86 million and changing -3.67% at the moment leaves the stock -65.81% off its SMA200. SKLZ registered -90.66% loss for a year compared to 6-month loss of -69.39%.
The stock witnessed a -27.59% gain in the last 1 month and extending the period to 3 months gives it a -29.05%, and is -15.32% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 7.59% over the week and 7.21% over the month.
Skillz Inc. (SKLZ) has around 650 employees, a market worth around $474.60M and $377.70M in sales. Profit margin for the company is -68.00%. Distance from 52-week low is -2.78% and -92.00% from its 52-week high. The company has generated returns on investments over the last 12 months (-29.70%).
Skillz Inc. (SKLZ) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Skillz Inc. (SKLZ) is a “Hold”. 8 analysts offering their recommendations for the stock have an average rating of 2.50, where 6 rate it as a Hold and 0 think it is a “Overweight”. 2 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
The EPS is expected to grow by 4.50% this year
Skillz Inc. (SKLZ) Top Institutional Holders
The shares outstanding are 408.16M, and float is at 280.23M with Short Float at 17.14%.
Skillz Inc. (SKLZ) Insider Activity
The most recent transaction is an insider purchase by SLOAN HARRY, the company’s Director. SEC filings show that SLOAN HARRY bought 100,000 shares of the company’s common stock on Mar 14 at a price of $2.27 per share for a total of $0.23 million. Following the purchase, the insider now owns 0.29 million shares.
Skillz Inc. disclosed in a document filed with the SEC on Mar 07 that Bruckheimer Jerome Leon (Director) bought a total of 101,215 shares of the company’s common stock. The trade occurred on Mar 07 and was made at $2.46 per share for $0.25 million. Following the transaction, the insider now directly holds 0.13 million shares of the SKLZ stock.
Still, SEC filings show that on Feb 28, SLOAN HARRY (Director) acquired 94,880 shares at an average price of $3.10 for $0.29 million. The insider now directly holds 191,423 shares of Skillz Inc. (SKLZ).
Skillz Inc. (SKLZ): Who are the competitors?
The company’s main competitors (and peers) include Roblox Corporation (RBLX) that is trading -56.57% down over the past 12 months. Activision Blizzard Inc. (ATVI) is 5.80% up on the 1-year trading charts.