There’s a new sense of excitement surrounding Skillz Inc. (SKLZ)

Skillz Inc. (NYSE: SKLZ) closed the day trading at $0.53 down -2.61% from the previous closing price of $0.55. In other words, the price has decreased by -$0.0143 from its previous closing price. On the day, 4560508 shares were traded. SKLZ stock price reached its highest trading level at $0.5699 during the session, while it also had its lowest trading level at $0.5220.

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For a better understanding of SKLZ, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 9.30 and its Current Ratio is at 9.30. In the meantime, Its Debt-to-Equity ratio is 0.63 whereas as Long-Term Debt/Eq ratio is at 0.63.

Upgrades & Downgrades

On August 04, 2022, Canaccord Genuity Downgraded its rating to Hold which previously was Buy and also lowered its target price recommendation from $5 to $1.50.

Citigroup Downgraded its Buy to Neutral on May 23, 2022, whereas the target price for the stock was revised from $5 to $2.10.

Insider Transactions:

The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Sep 28 when Mbugua Stanley sold 10,620 shares for $1.06 per share. The transaction valued at 11,310 led to the insider holds 29,290 shares of the business.

Valuation Measures:

For the stock, the TTM Price-to-Sale (P/S) ratio is 0.71 while its Price-to-Book (P/B) ratio in mrq is 0.51.

Stock Price History:

Over the past 52 weeks, SKLZ has reached a high of $3.71, while it has fallen to a 52-week low of $0.45. The 50-Day Moving Average of the stock is 0.6965, while the 200-Day Moving Average is calculated to be 1.1004.

Shares Statistics:

Over the past 3-months, SKLZ traded about 9.25M shares per day on average, while over the past 10 days, SKLZ traded about 6.92M shares per day. A total of 413.83M shares are outstanding, with a floating share count of 280.89M. Insiders hold about 3.70% of the company’s shares, while institutions hold 44.30% stake in the company. Shares short for SKLZ as of Jan 12, 2023 were 35.36M with a Short Ratio of 38.44M, compared to 39.26M on Dec 14, 2022. Therefore, it implies a Short% of Shares Outstanding of 8.41% and a Short% of Float of 11.01%.

Earnings Estimates

Current recommendations for the stock of the company come from 6 analysts. On average, analysts expect EPS of -$0.12 for the current quarter, with a high estimate of -$0.1 and a low estimate of -$0.15, while EPS last year was -$0.25. The consensus estimate for the next quarter is -$0.13, with high estimates of -$0.1 and low estimates of -$0.2.

Analysts are recommending an EPS of between -$0.72 and -$0.85 for the fiscal current year, implying an average EPS of -$0.8. EPS for the following year is -$0.46, with 5 analysts recommending between -$0.32 and -$0.61.

Revenue Estimates

6 analysts predict $48.71M in revenue for the current quarter. It ranges from a high estimate of $50.4M to a low estimate of $45.9M. As of the current estimate, Skillz Inc.’s year-ago sales were $108.85M, an estimated decrease of -55.20% from the year-ago figure. For the next quarter, 4 analysts are estimating revenue of $52.1M, a decrease of -44.20% over than the figure of -$55.20% in the same quarter last year. There is a high estimate of $59.8M for the next quarter, whereas the lowest estimate is $45M.

A total of 7 analysts have provided revenue estimates for SKLZ’s current fiscal year. The highest revenue estimate was $277.4M, while the lowest revenue estimate was $271.63M, resulting in an average revenue estimate of $275.13M. In the same quarter a year ago, actual revenue was $384.09M, down -28.40% from the average estimate. Based on 7 analysts’ estimates, the company’s revenue will be $257.43M in the next fiscal year. The high estimate is $297.81M and the low estimate is $173.1M. The average revenue growth estimate for next year is down -6.40% from the average revenue estimate for this year.