The stock of Skillz Inc. (NYSE:SKLZ) increased by increased by $0.17 on Friday to finish at $10.11, up 1.71 percent. The last five days have seen an average of 14,160,400 shares of common stock traded. 10 times new highs were reached in the current year, with a fall of -$9.89. The average number of shares traded over the last 20 days was 16,036,250, while the average volume over the last 50 days totaled 17,165,326.
SKLZ stock dropped -11.24% since last month. On 10/11/21, the company’s shares reached a one-month low of $7.97. The stock touched a high of $46.30 on 02/05/21, after rallying from a low of $7.97 in 52 weeks. The price of SKLZ stock has declined by -49.45% or -$9.89 this year, reaching a new high 10 times. Still, the stock price is down -78.16% from the 52-week high.
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There have been 67 days since Skillz Inc. (SKLZ) last reported insider trading activity on Aug 19. On Aug 19, Chief Technology Officer Aguirre Miriam sold 439,431 shares at $10.34 each. This transaction resulted in the insider making $4,545,474. On Aug 18, Aguirre Miriam sold 182,020 shares at a price of US$11.03. After the transaction, the insider now owns 1,077,740 shares. Chief Technology Officer Aguirre Miriam had earlier sold 219,587 shares on Aug 17 for $10.57 a share. The transaction was completed for $2,320,396.
For the three months ended June 29, Skillz Inc.’s quick ratio was 5.70, while its current ratio was 5.70, indicating its ability to pay off its debt. As far as profitability goes, gross margin for the trailing twelve months is 94.90% percent. Based on annual data, it had gross profit of $217.83 million and revenue of $230.12 million.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. There was a -175.60% return on investment (ROI) in the past year. ROE has averaged 7.41 in the past year for the broader industry.
According to Skillz Inc.’s quarterly financial report for the quarter that ended June 29. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $89.49 million, while revenues rose by 100.0% to $83.68 million. It was predicted that Skillz Inc.’s quarterly earnings would be -$0.21, but it ended up being -$0.09, beating the consensus by -133.30%. EBITDA was -$49.44 million for the quarter. Equity owned by shareholders amounts to $402.99 million.
Here’s a quick look at Skillz Inc.’s (SKLZ) price momentum from a technical perspective. As of 22 October, the RSI 9-day stood at 63.86%, suggesting the stock is Neutral, with a 49.36% historical volatility rate.
The stochastic %K and %D were 78.94% and 66.43% respectively, while the average true range (ATR) was 0.60. Based on the 14-day stochastic reading of 86.64%, the RSI (14) reading is 54.51%. On the 9-day MACD Oscillator, the stock is at 0.60, and the 14-day reading is at 0.85.
In its analyst report released on July 28, 2021, RBC Capital Mkts began covering Skillz Inc. (NYSE: SKLZ). The stock was rated as a Sector perform by the brokerage firm. Analysts have assigned Skillz Inc. (SKLZ) an Overweight rating. SKLZ is a stock that is recommended for selling by 0 brokerage firms, while 3 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 3 others recommend it as a buy.
What is SKLZ’s price target for the next 12 months?
The current consensus forecast for the stock is between $13.00 and $25.00, with a median target price of $16.00. In analyzing these forecasts, the average price target given by analysts for Skillz Inc. (SKLZ) is $18.00.