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12/07/2023 16:10:00 EST
Skillz Platform Inc (SKLZ)
Industry: Electronic Gaming & Multimedia
Follow @stockchartsai on TwitterPrice Support Resistance
In the past 30 trading days, SKLZ has been trading in a range between $6.72 and $4.14 (gray range band). Red lines on the chart represent key resistance levels and Green lines represent key support levels. As the price moves above the lines you will notice they turn green and red if price moves below a line.
SKLZ is trading between resistance at $8.44 about 37% to the upside and support at $5.62 -9% to the downside. If it can break above the resistance, it could have some more upside to the next line of resistance at $13.29, about a 116% move. If the price starts to turn down and fails to get through this level or enters a yellow zone, we would consider profit taking or exiting the position. If it enters a red zone on the chart we would exit the position.
Upside / Downside Potential
Skillz Platform Inc (SKLZ) entered a Green zone 18 days ago on the AI powered stock chart. Wall Street analysts have a recent rating of 3.800, which is a Buy. The current analyst target price is $11.5, which gives it a potential upside of 86.69 % from the recent price of 6.16. The stock is trading 231.17% (potential upside) below its 52 week high of $20.40 and 55.56 % (potential downside) above its 52 week low of $3.96 - based on the recent price.
Company Summary
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.
News
| Wall Street Analysts Think Skillz Inc. (SKLZ) Could Surge 47.02%: Read This Before Placing a Bet The mean of analysts' price targets for Skillz Inc. (SKLZ) points to a 47% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analysts in raising earnings estimates does indicate an upside in the stock. Source: Zacks Investment Research Wed, 29 Nov 2023 11:17:52 -0500 Sentiment: Positive |
| 7 Short-Squeeze Stocks That Could Serve Up Serious Rewards Few other phenomena scare bearish traders than an unexpected momentum shift that forces an awful decision, thereby imbuing the concept of short-squeeze stocks with unignorable leverage. After all, when bulls get things wrong, they generally risk their principal. Source: InvestorPlace Thu, 23 Nov 2023 15:49:43 -0500 Sentiment: Positive |
| Wall Street Analysts Believe Skillz Inc. (SKLZ) Could Rally 125.56%: Here's is How to Trade The average of price targets set by Wall Street analysts indicates a potential upside of 125.6% in Skillz Inc. (SKLZ). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock. Source: Zacks Investment Research Mon, 13 Nov 2023 11:17:30 -0500 Sentiment: Positive |
| Skillz Inc (SKLZ) Q3 2023 Earnings Call Transcript Skillz Inc (NYSE:SKLZ ) Q3 2023 Earnings Conference Call November 8, 2023 4:30 PM ET Company Participants Jim Leahy - JCIR Andrew Paradise - Co-Founder and Chief Executive Officer Jason Roswig - President and Chief Financial Officer Casey Chafkin - Co-Founder and Chief Strategy Officer Conference Call Participants Ed Alter - Jefferies Operator Good afternoon all. I would like to welcome you all to the Skillz Inc 2023 Third Quarter Results Call. Source: Seeking Alpha Wed, 08 Nov 2023 17:58:03 -0500 Sentiment: Neutral |
| Skillz Reports 2023 Third Quarter Results LAS VEGAS--(BUSINESS WIRE)--Skillz Inc. (NYSE: SKLZ) (“Skillz” or the “Company”), the leading mobile games platform bringing fair competition to players worldwide, today reported financial results for the third quarter ended September 30, 2023. 2023 Third Quarter and Recent Financial Highlights: Revenue of $36.4 million Gross profit of $32.7 million Net loss of $(33.5) million Adjusted EBITDA1 of $(18.5) million Paying monthly active users (PMAU)2 of 168,000 Average Revenue Per Paying Monthly A. Source: Business Wire Wed, 08 Nov 2023 16:05:00 -0500 Sentiment: Neutral |
Technicals 52 Week Hi: 20.4 52 Week Low: 3.96 Beta: 2.779 50 Day MA: 5.347 200 Day MA: 9.2263 Earnings / Revenue Trends Qtr Earnings Growth YOY: 30.538 Qtr Revenue Growth YOY: -0.385 Forward PE: 0 Trailing PE: 0