Where Does Skillz Inc. (SKLZ) Rank When It Comes To Price-To-Earnings Ratio?

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Skillz Inc. (NYSE:SKLZ) finished Thursday with an addition of $0.05 to close at $0.52, an upside of 10.88 percent. An average of 10,006,440 shares of common stock have been traded in the last five days. There was a fall of -$0.0743 in the past week, and it reached a new high 2 times over the past 12 months. The last 20 days have seen an average of 10,505,840 shares traded, while the 50-day average volume stands at 10,247,414.

SKLZ stock has decreased by -43.40% in the last month. The company shares reached their 1-month lowest point of $0.4530 on 12/28/22. With the stock rallying to its 52-week high on 01/04/22, shares of the company touched a low of $0.45 and a high of $7.97 in 52 weeks. It has reached a new high 2 times so far this year and lost -93.07% or -$6.9243 in price. In spite of this, the price is down -93.53% from the 52-week high.


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Insider Transactions

SKLZ stock investors should be aware that Skillz Inc. (SKLZ) stock had its last reported insider trading activity 93 days ago on Sep 28.

Valuation Metrics

Skillz Inc. (SKLZ) has a trailing price-to-sales (P/S) ratio at 0.68, the price-to-book (PB) ratio at 0.50.

Financial Health

The quick ratio of Skillz Inc. for the three months ended September 29 was 9.30, and the current ratio was 9.30, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.63 and a total debt to equity ratio of 0.63 for the quarter ending September 29. Its gross profit as reported stood at $359.38 million compared to revenue of $384.09 million.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Skillz Inc.’s return on assets was -43.10%.

Earnings Surprise

For the three-month period that ended September 29, Skillz Inc. had $225.13 million in cash and short-term investments compared to $271.97 million in total debt. In the quarter under review, the net income was down than the previous quarter. The company posted a net income of -$78.55 million in the quarter, while revenues were grew 164.65%. The analyst consensus anticipated Skillz Inc.’s latest quarter earnings to come in at -$0.13 per share, but it turned out to be -$0.19, a -46.20% surprise. For the quarter, EBITDA amounted to -$23.08 million. Shareholders own equity worth $420.3 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Skillz Inc. (SKLZ) price momentum. RSI 9-day as of the close on 29 December was 25.99%, suggesting the stock is oversold, with historical volatility in this time frame at 109.64%.

As of today, SKLZ’s price is $0.5026 -12.59% or -$0.0743 from its 5-day moving average. SKLZ is currently trading -47.32% lower than its 20-day SMA and -70.02% lower than its 100-day SMA. However, the stock’s current price level is -47.38% below the SMA50 and -77.38% below the SMA200.

The stochastic %K and %D were 5.57% and 3.12%, respectively, and the average true range (ATR) was 0.0677. With the 14-day stochastic at 13.14% and the average true range at 0.0730, the RSI (14) stands at 28.24%. The stock has reached -0.0844 on the 9-day MACD Oscillator while the 14-day reading was at -0.1810.

Analyst Ratings

BTIG Research downgraded Skillz Inc. (NYSE: SKLZ) to a a Sell rating in its most recent analyst report. Previously, the stock was rated as a Neutral. The consensus rating for Skillz Inc. (SKLZ) among analysts is Hold. According to current brokerage recommendations, 1 brokerage firm advise that investors sell SKLZ, while 4 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 2 others rate it as a “buy”.

What is SKLZ’s price target for the next 12 months?

Analysts predict a range of price targets between $0.71 and $3.75, with a median target of $1.15. Taking a look at these predictions, the average price target given by analysts for Skillz Inc. (SKLZ) stock is $1.51.

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