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Wednesday, February 1, 2023

Investing In Skillz Inc. (NYSE: SKLZ): Why Should You?

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. After-hours trades for Skillz Inc. (SKLZ) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.0136, or 2.29%, to $0.607. The Skillz Inc. has recorded 74,162 volume in the after hours trading session. Earlier, Yahoo Finance discussed this stock as it revealed Skillz Receives Notice of Non-Compliance with NYSE Trading Share Price Listing Rule.

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Stocks Info

The company is listed on the NYSE and operates within the Electronic Gaming & Multimedia industry segment. At the end of the last regular session, the stock closed at $0.59 and fluctuated between $0.6073 as its day high and $0.5400 as its day low. The current market capitalization of Skillz Inc. is $247.95M. A total of 8.75 million shares were traded on the day, compared to an average of 10.47M shares.

In the most recent transaction, Mbugua Stanley sold 10,620 shares of SKLZ for 1.06 per share on Sep 28. After the transaction, the Chief Accounting Officer now owns 29,290 company shares. In a previous transaction on Mar 14, SLOAN HARRY bought 100,000 shares at 2.27 per share. SKLZ shares that Director owns now total 291,423.

Among the insiders who bought shares, Bruckheimer Jerome Leon acquired of 101,215 shares on Mar 07 at a per-share price of $2.46. This resulted in the Director holding 133,109 shares of SKLZ after the transaction. In another insider transaction, SLOAN HARRY bought 94,880 shares at $3.10 per share on Feb 28. Company shares held by the Director now total 191,423.

It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. According to analysts who have offered 12-month price targets for SKLZ in the last 3 months, the mean price target is $1.51 with high estimates of $3.75 and low estimates of $0.71. In terms of 52-week highs and lows, SKLZ has a high of $6.70 and a low of $0.45.

As of this writing, SKLZ has an earnings estimate of -$0.14 per share for the current quarter. EPS was calculated based on a consensus of 7 estimates, with a high estimate of -$0.11 per share and a lower estimate of -$0.15. The company reported an EPS of -$0.37 in the last quarter, which was -105.60% lower than expectations of -$0.18.

Balance Sheet Annually/Quarterly

An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. Investors can determine the company’s prospects by calculating its financial ratios based on this information.

Analysts Opinion

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. Currently, 7 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for SKLZ is Overweight with a score of 3.29. A total of 2 analysts rated the stock as Buy while 0 rated it as Overweight while 4 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 1 thought it should be Sold.

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