Is Skillz Stock a Buy?

By Parkev Tatevosian, CFA – Sep 19, 2022 at 10:00AM

NYSE: SKLZ

Skillz

Market Cap

$128M

Today's Change

(-2.09%) -$0.13

Current Price

$6.10

Price as of April 26, 2024, 4:00 p.m. ET

The stock is down significantly off its high, but that doesn't necessarily make it a buy.

Skillz (SKLZ -2.09%)is a mobile video game company with a unique twist: Players can wager on the games. Despite that advantage, the company is losing millions on the bottom line. In this video, I will tell you whether the stock is a buy right now.

Stock prices used were the afternoon prices of Sept. 16, 2022. The video was published on Sept. 18, 2022.

Parkev Tatevosian has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Skillz Inc. The Motley Fool has a disclosure policy. Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.