Skillz (SKLZ) Stock Forecast: Latest Trends and Analysis

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Skillz (SKLZ) stock has recently attracted attention due to its volatile performance, currently trading at $5.13. Analysts predict a 12-month average price of $11.50 (high: $15.00, low: $9.00), signaling a potential 136.35% increase from the current price of $5.71. However, stock markets are volatile; prices can change rapidly. Conduct thorough research and consult a financial advisor before investing. This analysis covers SKLZ stock, including its current status, future prospects, factors influencing it, recent developments, market trends, investment strategy, and associated risks and rewards.

Recent Developments

Skillz (SKLZ) has made headlines recently due to its highly fluctuating stock performance. Since its IPO in December 2020, the stock has experienced significant ups and downs. It reached its peak at $46.30 in February 2021 but has since dropped to its current price of $5.13. Several factors contributed to this decline, including the expiration of the lock-up period, enabling insiders to sell their shares, and the company’s underwhelming financial results.

Despite the recent stock price setbacks, Skillz (SKLZ) is actively pursuing business expansion. In December 2021, the company unveiled a strategic partnership with the National Football League (NFL) to introduce a mobile game titled “NFL Clash.” This innovative game allows users to engage in virtual football competitions with real-money prizes. The collaboration with the NFL is expected to drive increased user engagement and boost Skillz’s (SKLZ) revenue growth.

Market Analysis

Skillz (SKLZ) operates within the mobile gaming industry, a sector projected to exhibit a compound annual growth rate (CAGR) of 10.2% between 2021 and 2028. This growth is primarily driven by the widespread adoption of smartphones and the surging popularity of mobile games. In the competitive landscape of mobile gaming, Skillz (SKLZ) faces rivals like Zynga, Electronic Arts, and Activision Blizzard.

Based on my research findings, Skillz (SKLZ) boasts a market capitalization of $109.82 million. Over the trailing twelve months (TTM), the company has generated revenue amounting to $376.5 million. Notably, Skillz (SKLZ) maintains a favorable price-to-sales (P/S) ratio of 0.29, significantly lower than the industry average of 3.22. Additionally, the company’s gross margin for the TTM stands at an impressive 97.3%, surpassing the industry norm of 73.5%. These key metrics indicate that Skillz (SKLZ) may be undervalued when compared to its industry peers.

Future Outlook

Skillz (SKLZ) shows promise in expanding its user base and revenue growth through partnerships and acquisitions. With a strong balance sheet, holding $1.1 billion in cash as of September 2021 and Q3 2021 revenue of $84.8 million (a 17% YoY increase), Skillz (SKLZ) is financially robust. It competes with Zynga, Electronic Arts, and Activision Blizzard, offering a unique business model for independent game developers. Keep in mind that the stock market can be volatile, so thorough research is crucial before investing.

Investment Strategy

Investing in Skillz (SKLZ) stock carries both potential rewards and risks, as the stock market can be volatile with rapid price fluctuations. Therefore, it is advisable to conduct thorough research and seek guidance from a financial advisor before making any investment decisions.

If you are considering investing in Skillz (SKLZ) stock, here are some recommendations to keep in mind:

  • Research: Prior to investing in Skillz (SKLZ) stock, it is essential to gain a comprehensive understanding of the company’s business model, financial performance, and future prospects. Additionally, assessing the competitive landscape and acknowledging potential stock market risks is crucial.
  • Diversify Your Portfolio: Investing solely in a single stock can be associated with heightened risk. To mitigate risk, diversify your investment portfolio by including multiple stocks from various sectors.
  • Seek Financial Guidance: Consulting with a financial advisor is advisable. A financial advisor can offer valuable insights and assist in making informed investment decisions based on your individual financial goals and risk tolerance.


What is Skillz (SKLZ)?

Skillz (SKLZ) is a mobile game platform that enables independent game developers to host tournaments and provide competitive gaming activity to end-users.

What is the current state of Skillz (SKLZ) stock?

According to my search results, Skillz (SKLZ) stock is currently trading at $5.13. The average 12-month stock price forecast for Skillz (SKLZ) is $11.50 with a high price target of $15.00 and a low price target of $9.00.

What are the factors that could impact Skillz (SKLZ) stock performance?

The factors that could impact Skillz (SKLZ) stock performance include the company’s ability to expand its user base and increase revenue growth, the competitive landscape, and the risks associated with investing in the stock market.

What is the future outlook for Skillz (SKLZ)?

Skillz (SKLZ) has a promising future outlook, with several factors that could impact its performance. The company has a unique business model that enables independent game developers to host tournaments and provide competitive gaming activity to end-users. However, investing in Skillz (SKLZ) stock can be a high-risk, high-reward proposition.


In brief, Skillz (SKLZ) operates as a mobile game platform, facilitating tournaments for independent game developers and enhancing competitive gaming experiences. While the company exhibits potential, investing in Skillz (SKLZ) stock carries inherent risks and rewards due to market volatility. Consequently, conducting thorough research and consulting a financial advisor before investing is essential.

This article offered a concise analysis of Skillz (SKLZ) stock forecast, covering its current state, future prospects, influencing factors, and investment recommendations, while also acknowledging the associated risks and rewards.

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