Skillz Inc. (NYSE:SKLZ) saw an upside of 16.26% to close Monday at $8.51 after adding $1.19 on the day. The 5-day average trading volume is 1,273,620 shares of the company’s common stock. It has gained $9.08 in the past week and touched a new high 2 times within the past 5 days. An average of 584,190 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 582,812.
SKLZ’s 1-month performance is -30.36% or -$3.71 on its low of $7.32 reached on 08/18/23. The company’s shares have touched a 52-week low of $7.32 and high of $34.90, with the stock’s rally to the 52-week high happening on 02/02/23. YTD, SKLZ has lost -15.99% or -$1.62 and has reached a new high 11 times. However, the current price is down -75.62% from the 52-week high price.
Insider Transactions
SKLZ stock investors last saw insider trading activity on Aug 09.Roswig Jason (President & CFO) most recently sold 44,872 shares at $10.03 per share on Aug 09. This transaction cost the insider $450,066. Chief Accounting Officer, Mbugua Stanley, sold 10,620 shares at a price of $1.06 on Sep 28.
Valuation Metrics
SKLZ stock has a beta of 2.78. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 1.04 while the price-to-book (PB) in the most recent quarter is 0.72.
Skillz Inc.’s quick ratio for the period ended June 29 was 5.70, with the current ratio over the same period at 5.70. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.50, while the total debt to equity was 0.50. In terms of profitability, the gross margin trailing 12 months is 89.00%. The firm’s gross profit as reported stood at $238.99 million against revenue of $269.71 million.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income and sales went down compared to those figures reported in the previous quarter. Net income shrunk -175.63% to -$21.99 million, while revenue of -$35.59 million was -61.85% off the previous quarter. Analysts expected SKLZ to announce -$1.26 per share in earnings in its latest quarter, but it posted -$1.05, representing a 16.70% surprise. EBITDA for the quarter stood at more than -$34.35 million. SKLZ stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 199.92 million, with total debt at $137.53 million. Shareholders hold equity totaling $21.17 million.
Let’s look briefly at Skillz Inc. (SKLZ) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 21 August was 39.81% to suggest the stock is trending Neutral, with historical volatility in this time period at 97.33%.
The stock’s 5-day moving average is $8.09, reflecting a -5.34% or -$0.48 change from its current price. SKLZ is currently trading -28.85% above its 20-day SMA, -13.13% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -24.00% and SMA200 by-58.28%.
Stochastic %K and %D was 11.21% and 4.64% and the average true range (ATR) pointed at 0.80. The RSI (14) points at 40.07%, while the 14-day stochastic is at 30.67% with the period’s ATR at 0.84. The stock’s 9-day MACD Oscillator is pointing at -0.72 and -1.27 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Skillz Inc. (NYSE: SKLZ), BTIG Research downgraded it to a Sell rating. They previously had a Neutral rating on the stock. Analysts offering their rating for SKLZ stock have a consensus rating for the stock as Hold. Currently, 1 brokerage advisors rate SKLZ as a “sell,”, while 3 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 2 have offered a “buy” rating.
What is SKLZ’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $8.00 and a high of $20.00, with their median price target at $11.50. Looking at these predictions, the average price target given by analysts is for Skillz Inc. (SKLZ) stock is $12.33.
