How to Buy Skillz Stock
Skillz Inc
Skillz Inc. develops and operates an e-sports platform that connects and hosts mobile games and mobile e-sports tournaments through competitions in the United States and internationally.
Skillz stock last closed at $0.48, down 8.37% from the previous day, and has decreased 84.25% in one year. It has underperformed other stocks in the Electronic Gaming & Multimedia industry by 0.65 percentage points. Skillz stock is currently +6.4% from its 52-week low of $0.45, and -87% from its 52-week high of $3.71.
As of Mar 17, 2023, there are 420.3M shares of SKLZ outstanding. The market cap of SKLZ is $202.59M. In the last 24 hours, 16.11M SKLZ shares were traded.
How to Buy Skillz Stock
Not sure how to invest in Skillz stock? Here's how.
- Decide where to buy Skillz stock: You need to choose an online brokerage, but don't worry - we've tested dozens of online stock brokerages and apps to help you figure out where to buy Skillz stock.
- Open a brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've identified.
- Fund your brokerage account: Select your method of payment and add your info.
- Analyze Skillz stock: The Skillz ticker symbol is SKLZ. Is Skillz stock a good investment? Should you buy shares of SKLZ? How do SKLZ's underlying business fundamentals look? Do top analysts think Skillz is a good buy? Why has SKLZ's stock price moved recently? (Hint: Our stock market research website can help you decide if SKLZ is a good stock to buy).
- Place your SKLZ trade: Decide if you will purchase SKLZ shares at the current market price or use a limit order to buy SKLZ stock at a specific price.
- Keep an eye on your SKLZ investment: Create a watchlist to the latest updates on your investment in Skillz shares.
Step 1: Decide where to buy Skillz stock
You will need an online brokerage account to access the NYSE market and buy SKLZ shares.
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Open eToro AccountStep 2: Open a brokerage account
Now that you've picked the right brokerage, you'll need to fill out some personal information so you can buy SKLZ today.
How to Open a New Account on eToro
- Click here to get started.
- Input your personal details to create a new trading account.
- Send your information by clicking the "Create Account" button.
Step 3: Fund your brokerage account
Now that you've opened your account on the best stock app for beginners, you can securely and quickly fund your account:
Watch the walkthrough below if you need help transferring funds into your new brokerage account.
Step 4: Analyze Skillz stock
Once you have figured out the best place to buy Skillz stock, it's crucial to research their stock prior to investing, so you can comprehend the risk and upside.
Overview of key SKLZ info
Fundamentals of SKLZ
WallStreetZen was created to help part-time investors do better fundamental analysis in less time.
You can view all of the due diligence checks on SKLZ's stock page.
Is SKLZ stock undervalued?
Investors use a variety of different financial metrics, analyses, models, and charts to gauge SKLZ's fair value.
Using relative valuations ratios:
- SKLZ could be undervalued based on its P/B ratio of 0.47x, relative to Electronic Gaming & Multimedia industry P/B ratio of 4.36x
You can do additional valuation analysis on SKLZ's stock here.
A look at SKLZ Cashflows and Balance Sheet
Positive Health Checks:
- SKLZ has $464.98M in cash and short term investments. This is enough to cover its annual cash burn of $246.74M.
- There are more short-term assets than short-term liabilities on the SKLZ balance sheet.
- SKLZ has cash burn of 246737000. It has enough cash and short-term investments to cover this for at least one year.
- There are more short-term assets than long-term liabilities on the SKLZ balance sheet.
Negative Health Checks:
- SKLZ profit margin has gone down from -43.6% to -115% in the past year.
- SKLZ has a relatively high debt to equity ratio of 0.79.
Is it a good time to buy SKLZ stock, according to Wall Street analysts?
Out of 4 Equities analysts who monitor SKLZ, the consensus analyst rating on SKLZ is a Sell
It's important to note that analyst ratings are not recommendations, nor are they investment advice.
Most Recent SKLZ Analyst Forecasts
Brad Erickson, a top 7% analyst from RBC Capital maintains SKLZ with a hold rating and lowers their SKLZ price target from $1.50 to $1.00, on Nov 3, 2022.
Jason Bazinet, a bottom 17% analyst from Citigroup maintains SKLZ with a hold rating and lowers their SKLZ price target from $1.50 to $0.95, on Oct 12, 2022.
Clark Lampen, a bottom 5% analyst from BTIG downgrades SKLZ to a strong sell rating and announces their SKLZ price target of $0.65, on Oct 12, 2022.
Michael Graham, a bottom 3% analyst from Canaccord Genuity downgrades SKLZ to a hold rating and lowers their SKLZ price target from $5.00 to $1.50, on Aug 4, 2022.
You can dig deeper into what analysts are forecasting on the Skillz stock forecast page.
Metrics for Advanced SKLZ Traders
SKLZ Growth Numbers
Last year, SKLZ revenue was $335.88M. Over the last two year, SKLZ's revenue has gone up by 30.53% per year. This was slower than the Electronic Gaming & Multimedia industry average of 36.24%.
Dive into SKLZ's earnings and revenue performance here.
Are SKLZ insiders buying or selling the stock?
In the past 12 months, insiders at SKLZ have bought more shares than they have sold.
Stanley Mbugua, Chief Accounting Officer of SKLZ, was the latest SKLZ insider to sell. They sold $11,310.30 worth of SKLZ shares on Sep 28, 2022.
Learn more about who owns SKLZ shares here.
Can I get consistent income from SKLZ stock?
No, Skillz doesn't provide an income stream by paying out dividends.
What others are saying about SKLZ
One of the major reasons eToro is our highest-rated brokerage is because of its social trading community.
Click below to learn what other community members have to say.
Step 5: Place your SKLZ trade
You have two primary options:
- Market order: A market order is an order to buy or sell a stock at the best possible price.
Market orders are usually the easiest way to buy. - Limit order: A limit order is an order to buy or sell a stock at a specific price (or better).
If you want to make sure you're buying or selling at an exact price limit, place a limit order.
Press the Open button and eToro will execute the order.
If you require more help investing in stocks on eToro, click the helpful video below:
Step 6: Keep an eye on your SKLZ investment
Now that you own some SKLZ shares, you'll want to stay up-to-date on your new company.
Put SKLZ on a watchlist to monitor your SKLZ stock.
SKLZ Feed
How to Buy Stock in Skillz
To summarize, here are the 6 steps to buy Skillz stock:
- Decide where to buy Skillz stock
- Open a brokerage account
- Fund your brokerage account
- Analyze Skillz stock
- Place your SKLZ trade
- Keep an eye on your SKLZ investment
If you need a brokerage account, eToro is our recommended option.
Get Started with eToro TodayIf you would like to monitor your new investment in Skillz, create a watchlist on WallStreetZen today.
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