Amid the tech sector meltdown of late February/early March, a lot of high-quality technology stocks dropped into significantly undervalued territory. One of them is Skillz (NYSE:SKLZ), the hypergrowth gaming technology company that is creating the software backbone behind a new era of competitive mobile esports gaming. SKLZ stock traded near $50 in early February. By early March, it had dipped to $24. Source: Shutterstock This dip is a golden buying opportunity. Skillz is a hyperinnovative company, tapping into the burgeoning mobile gaming market, with a compelling technology solution that adds tremendous value to mobile developers everywhere. Plus, the company has durable competitive advantages, a highly scalable business model and a long runway for growth ahead.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Big picture: Skillz is in the early stages of enormous growth. The company’s recent earnings report confirmed as much. So, don’t let the recent
Growth stocks have taken a beating recently, with many previous high-flyers lying face down on the proverbial blood-splattered Wall Street. Skillz (SKLZ) hasn’t been spared; the stock’s one month performance shows a 35% drop. The mobile gaming platform’s case wasn’t helped either by a recent scathing short-seller report, which said the company’s games are underperforming and its revenue forecasts are out of whack. However, heading into today's 4Q20 earnings, Wedbush analyst Michael Pachter takes the opposite view. “We expect strong top-line growth for years to come as Skillz further penetrates the addressable market of gamers willing to enter pay-for-prizes tournaments,” Pachter said. The analyst expects Skillz to deliver Q4 revenue and adjusted EBITDA of $62.6 million and -$24 million, respectively, compared to the consensus estimates of $62.5 million and -$23.0 million. Skillz’ FY20 estimates also imply quarterly revenue of
SKLZ Launches Athletic Intelligence™ Training System in Partnership with SwitchedOn
Athletic Intelligence products + the SwitchedOn training app help athletes engage brain and body during training for a competitive advantage
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CARLSBAD, Calif., Feb. 17, 2021 /PRNewswire/
SKLZ, the leader in premium fitness gear and sports training equipment, unveils a groundbreaking new training platform for athletes and coaches designed to engage both your brain and body during training.
SKLZ Athletic Intelligence™ debuts February 17 in partnership with the fully-integrated
SwitchedOn training app, and offers products and programming to encompass everything an athlete needs to train reaction time, hand-eye coordination, rapid decision-making, and agility. The first two SKLZ Athletic Intelligence products to launch are the