Esports Stock Rises Friday; Is It Time To Buy Skillz Inc (SKLZ)?

Skillz Inc (SKLZ), a player in the Esports market, is higher by -0.98% Friday as it outperforms the market as a whole. Analysts who follow Skillz Inc (SKLZ) on average expect it to rise 161.39% over the next twelve months. Those same analysts give the stock an average rating of Buy. That average rating earns SKLZ an Analyst Ranking of 18, which means it ranks higher than 18 of stocks, based on data compiled by InvestorsObserver.

Wall Street analysts are rating SKLZ a Buy today. Find out what this means to you and get the rest of the rankings on SKLZ!

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Why are Analyst Ratings Important?

Analysts know the inner workings of the companies they follow better than anyone but the companies’ management. You can learn a lot about a company from studying the financial statements, but analysts ask questions on conference calls and understand the intricacies of each of the businesses they cover. Analysts understand how bad weather in one part of the world can disrupt supply chains, or disrupt shopping patterns. This lets traders make decisions before a quarterly report that could be worse than expected. InvestorsObserver aggregates the ratings of all the analysts covering a given stock, takes the average of those ratings and then percentile ranks the averages. That provides a level of granularity that is significantly better than just the three levels provided by traditional buy/hold/sell ratings.

What's Happening With Skillz Inc Stock Today?

Skillz Inc (SKLZ) stock has fallen -0.98% while the S&P 500 is up 0.18% as of 1:18 PM on Friday, Sep 22. SKLZ is lower by -$0.05 from the previous closing price of $5.10 on volume of 158,046 shares. Over the past year the S&P 500 has risen 15.43% while SKLZ is lower by -75.95%. SKLZ lost -$13.83 per share the over the last 12 months. Click Here to get the full Stock Report for Skillz Inc stock.