Skillz Inc. (NYSE:SKLZ): The Stock for Success Over the Next Few Months – Marketing Sentinel
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Skillz Inc. (NYSE:SKLZ): The Stock for Success Over the Next Few Months

In the last trading session, 11,946,096 Skillz Inc. (NYSE:SKLZ) shares changed hands as the company’s beta touched 0. With the company’s per share price at $19.21 changed hands at $0.08 or 0% during last session, the market valuation stood at $7.62 Billion. SKLZ’s last price was a discount, traded about -141.02% off its 52-week high of $46.3. The share price had its 52-week low at $10.26, which suggests the last value was 46.59% up since then. When we look at Skillz Inc.’s average trading volume, we note the 10-day average is 15.01 Million shares, with the 3-month average coming to 21.29 Million.

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Analysts gave the Skillz Inc. (SKLZ) stock a consensus recommendation rating of Overweight, calculated at a mean rating of 1.9. If we narrow down to specifics, the data shows that none out of 6 analysts rate the stock as a Sell, with a further none assigning it an Overweight rating. Of the remaining, 2 recommended SKLZ as a Hold, 4 felt it is a Buy and none rated the stock as Underweight. Skillz Inc.’s EPS for the current quarter is expected to be -$0.1.


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Skillz Inc. (NYSE:SKLZ) trade information

Instantly SKLZ was in green as seen at the end of in last trading. With action 0.42%, the performance over the past five days has been red. The jump to weekly highs of $20.21 on Tuesday, Jun 15 added 4.95% to the stock’s daily price. The company’s shares are showing year-to-date downside of -0.04%, with the 5-day performance at -0.03% in the red. However, in the 30-day time frame, Skillz Inc. (NYSE:SKLZ) is 0.26% up. Looking at the short shares, we see there were 71.59 Million shares sold at short interest cover period of 3.36 days.

The consensus price target for the stock as assigned by Wall Street analysts is $24.25, meaning bulls need an upside of 26.24% from its current market value. According to analyst projections, SKLZ’s forecast low is $15 with $34 as the target high. To hit the forecast high, the stock’s price needs a +76.99% upsurge from its current level, while the stock would need to tank -21.92% for it to hit the projected low.

Skillz Inc. (SKLZ) estimates and forecasts

Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 0%. The 2021 estimates are for Skillz Inc. earnings to decrease by -474.8%, but the outlook for the next 5-year period is at 0% per year.

Skillz Inc. (NYSE:SKLZ)’s Major holders

If we look at who the major shareholders are, we find that insiders hold 15.83% of Skillz Inc. shares while 50.79% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 60.34%. There are 226 institutions holding the Skillz Inc. stock share, with Morgan Stanley the top institutional holder. As of Mar 30, 2021, the company held 10.34% of the shares, roughly 33.79 Million SKLZ shares worth $643.36 Million.

Atlas Venture Associates IX, LLC holds the second largest percentage of outstanding shares, with 7.02% or 22.96 Million shares worth $437.21 Million as of Mar 30, 2021.

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Among Mutual Funds, the top two as of May 30, 2021 were ARK ETF Tr-ARK Innovation ETF and Morgan Stanley Insight Fund. With 15399592 shares estimated at $261.64 Million under it, the former controlled 4.71% of total outstanding shares. On the other hand, Morgan Stanley Insight Fund held about 3.6% of the shares, roughly 11.76 Million shares worth around $223.95 Million.

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