SKLZ Stock Summary and Trading Ideas (Skillz Class A | NYSE:SKLZ)

Skillz Inc is a mobile game development company. It is engaged in re-inventing competitive mobile gaming and thereby expanding the mobile gaming market. Some of the games available on its platform are Dominoes Gold, Blackout Bingo, 21 Blitz, and Solitaire Cube among others. The company's reportable business segments are; the Skillz segment and the Aarki segment. The majority of its revenue is generated from the Skillz segment which is an eSports gaming platform, enabling game developers to monetize their content through multi-player competition. Geographically, the company derives its key revenue from the United States and the rest from Israel, China, Malta, and other countries.

Skillz Class A trades on the NYSE stock market under the symbol SKLZ.

As of February 10, 2025, SKLZ stock price climbed to $6.42 with 65,760 million shares trading.

SKLZ has a beta of 0.99, meaning it tends to be less sensitive to market movements. SKLZ has a correlation of 0.06 to the broad based SPY ETF.

SKLZ has a market cap of $108.43 million. This is considered a Micro Cap stock.

Last quarter Skillz Class A reported $25 million in Revenue and -$1.20 earnings per share. This fell short of revenue expectation by $-2 million and missed earnings estimates by -$.09.

In the last 3 years, SKLZ traded as high as $95.00 and as low as $3.96.

The top ETF exchange traded funds that SKLZ belongs to (by Net Assets): VTI, VXF, PRFZ, IWC, AVSC.

SKLZ has underperformed the market in the last year with a price return of +11.7% while the SPY ETF gained +22.8%. However, in the short term, SKLZ had mixed performance relative to the market. It has outperformed in the last 3 months, returning +14.0% vs +1.9% return in SPY. But in the last 2 weeks, SKLZ shares have been beat by the market, returning -3.0% compared to an SPY return of -0.5%.

SKLZ support price is $5.96 and resistance is $6.46 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that SKLZ shares will trade within this expected range on the day.