A Guide To The Risks Of Investing In Skillz Inc. (SKLZ)

CHWY Stock
CHWY Stock

Skillz Inc.’s recent filing unveils that its President & CFO Roswig Jason unloaded Company’s shares for reported $0.45 million on Aug 09. In the deal valued at $10.03 per share,44,872 shares were sold. As a result of this transaction, Roswig Jason now holds 85,279 shares worth roughly $ 0.7 million.

Top 5 EV Tech Stocks to Buy for 2023

The electric vehicle boom is accelerating – and fast. According a new report published by BloombergNEF, annual spending on passenger EVs hit $388 billion in 2022, up 53% from the year before. Like we said, the boom is accelerating – and the time to buy EV-related tech stocks is now. Get our free report, "Top 5 EV Tech Stocks to Buy for 2023".

Click Here to Download the FREE Report.


Then, Paradise Andrew bought 75,000 shares, generating $762,750 in total proceeds. Upon buying the shares at $10.17, the Chief Executive Officer now owns 597,832 shares.

Before that, Chessen Kevin bought 50,000 shares. Skillz Inc. shares valued at $24,900 were divested by the Director at a price of $0.50 per share. As a result of the transaction, Chessen Kevin now holds 50,000 shares, worth roughly $0.41 million.

BTIG Research downgraded its Skillz Inc. [SKLZ] rating to a Sell from a a Neutral in a research note published on Friday. PT values the company’s stock at a premium of -1158.46 to its Friday closing price.

Price Performance Review of SKLZ

On Friday, Skillz Inc. [NYSE:SKLZ] saw its stock fall -0.12% to $8.18. On the same session, the stock had its day’s lowest price of $8.15, but rose to a high of $8.48. Over the last five days, the stock has lost -3.08%. Skillz Inc. shares have fallen nearly -19.25% since the year began. Nevertheless, the stocks have fallen -69.25% over the past one year. While a 52-week high of $28.20 was reached on 02/02/23, a 52-week low of $7.32 was recorded on 08/18/23. SMA at 50 days reached $9.97, while 200 days put it at $12.54. A total of 0.2 million shares were traded, compared to the trading of 0.25 million shares in the previous session.

Levels Of Support And Resistance For SKLZ Stock

The 24-hour chart illustrates a support level at 8.06, which if violated will result in even more drops to 7.94. On the upside, there is a resistance level at 8.39. A further resistance level may holdings at 8.60. The Relative Strength Index (RSI) on the 14-day chart is 41.12, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.14, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 59.81%. Stochastics %K at 40.03% indicates the stock is a holding.

How much short interest is there in Skillz Inc.?

A steep rise in short interest was recorded in Skillz Inc. stocks on Aug 14, 2023, growing by 0.15 million shares to a total of 1.39 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 1.24 million shares. There was a rise of 10.79%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 8.40% of the overall stock float, the days-to-cover ratio (short ratio) rose to 4.1.

Skillz Inc. [SKLZ] – Who Are The Largest Shareholders?

In filings from Wildcat Capital Management LLC, it is revealed that the company now owns 979,848 shares, or roughly 5.53% of the outstanding SKLZ shares. Additionally, The Vanguard Group, Inc. increased 2.04% of its stake after which the total value it holdings stand at $6,684,576, while SSgA Funds Management, Inc. reduced -21.41% of its stake to hold $4.73 million in the firm. Over the last quarter, Renaissance Technologies LLC purchased 40,940 shares of Skillz Inc., while BlackRock Fund Advisors bought -694,576 shares. At present, Millennium Management LLC is holding 285,470 shares valued at $3.41 million. Coastal Bridge Advisors LLC owned 247,008 shares of the company at the time of its most recent 13F filing, worth $2.95 million.

According to FactSet, Skillz Inc.’s share price will average $11.83 in the next year, based on opinions of analysts polled by the firm. This is up nearly 28.21 percent from its previous closing price of $8.19. Analysts expect Skillz Inc. stock to reach the higher price of $20.00, while the lowest price estimate is $8.00. However, 6 analysts have rated SKLZ stock as a Hold in their predictions for 2023.


Please enter your comment!
Please enter your name here