Last Updated: 16 Sep 2024
Executive Summary
Skillz Platform Inc. (SKLZ) is a mobile gaming platform that connects gamers globally. The company has a market capitalization of $103.19 million and is headquartered in San Francisco, California. SKLZ's latest stock price is $5.92.
Company Overview
Skillz operates a mobile gaming platform that allows gamers to compete against each other for cash prizes. The company's platform is available on iOS and Android devices. Skillz has over 2 million monthly active users and has paid out over $1 billion in prize money.
Fundamental Analysis
SKLZ's revenue for the latest quarter was $118.06 million, a decrease of 0.37% year-over-year. The company's net loss was $91.01 million, an increase of 30.54% year-over-year. SKLZ's EPS was -$2.41, a decrease of 30.54% year-over-year.
SKLZ's gross profit margin was 20.24%, a decrease of 1.23% year-over-year. The company's operating margin was -8.07%, a decrease of 1.23% year-over-year. SKLZ's return on assets was -13.6%, a decrease of 1.23% year-over-year. The company's return on equity was -21.5%, a decrease of 1.23% year-over-year.
Technical Analysis
SKLZ's 52-week high is $7.48 and its 52-week low is $3.96. The company's 50-day moving average is $6.22 and its 200-day moving average is $6.3. SKLZ's beta is 2.789.
Short Term Outlook
SKLZ's short-term outlook is mixed. The company's revenue is growing, but its profitability is declining. SKLZ's stock price is below its 50-day and 200-day moving averages. The company's beta is high, which means that its stock price is more volatile than the overall market.
Long Term Outlook
SKLZ's long-term outlook is positive. The company's mobile gaming platform has the potential to reach a large audience. SKLZ is also expanding into new markets, such as India and China. The company's long-term growth prospects are strong.
Analyst Recommendations
Analysts have a mixed view of SKLZ. Two analysts have a "Strong Buy" rating on the stock, two analysts have a "Hold" rating, and no analysts have a "Sell" rating. The average analyst target price is $9.5.
