Skillz (NYSE:SKLZ – Get Free Report)‘s stock had its “outperform” rating reiterated by analysts at Wedbush in a research note issued to investors on Friday,RTT News reports. They currently have a $15.00 price objective on the stock. Wedbush’s price objective points to a potential upside of 241.30% from the stock’s previous close.
Skillz Stock Down 14.0 %
Shares of Skillz stock opened at $4.40 on Friday. The company has a fifty day moving average price of $5.97 and a 200 day moving average price of $5.63. The company has a current ratio of 5.80, a quick ratio of 5.80 and a debt-to-equity ratio of 0.63. Skillz has a twelve month low of $4.33 and a twelve month high of $7.48. The stock has a market cap of $76.61 million, a price-to-earnings ratio of -1.95 and a beta of 2.74.
Skillz (NYSE:SKLZ – Get Free Report) last posted its quarterly earnings data on Thursday, March 13th. The company reported ($1.50) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.89) by ($0.61). The firm had revenue of $20.37 million during the quarter, compared to analysts’ expectations of $25.07 million. Skillz had a negative net margin of 40.87% and a negative return on equity of 38.95%. Equities research analysts forecast that Skillz will post -4.35 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Skillz
About Skillz
Skillz Inc operates a mobile game platform in the United States and internationally. The company primarily develops and supports a proprietary online-hosted technology platform that enables independent game developers to host tournaments and provide competitive gaming activity to end-users. The company distributes games through direct app download from its website, as well as through third-party platforms.
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