Skillz Platform Stock Beta
| SKLZ Stock | USD 6.85 0.51 8.04% |
Skillz Platform fundamentals help investors to digest information that contributes to Skillz Platform's financial success or failures. It also enables traders to predict the movement of Skillz Stock. The fundamental analysis module provides a way to measure Skillz Platform's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Skillz Platform stock.
Skillz | Beta |
Skillz Platform Company Beta Analysis
Skillz Platform's Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
Current Skillz Platform Beta | 2.77 |
Most of Skillz Platform's fundamental indicators, such as Beta, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Skillz Platform is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Skillz Beta Driver Correlations
Understanding the fundamental principles of building solid financial models for Skillz Platform is extremely important. It helps to project a fair market value of Skillz Stock properly, considering its historical fundamentals such as Beta. Since Skillz Platform's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Skillz Platform's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Skillz Platform's interrelated accounts and indicators.
Click cells to compare fundamentals
In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.
| Competition |
In accordance with the recently published financial statements, Skillz Platform has a Beta of 2.773. This is 116.64% higher than that of the Entertainment sector and significantly higher than that of the Communication Services industry. The beta for all United States stocks is notably lower than that of the firm.
Skillz Beta Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Skillz Platform's direct or indirect competition against its Beta to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Skillz Platform could also be used in its relative valuation, which is a method of valuing Skillz Platform by comparing valuation metrics of similar companies.Skillz Platform is currently under evaluation in beta category among related companies.
Skillz Platform ESG Sustainability
Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, Skillz Platform's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Skillz Platform's managers, analysts, and investors.Environmental | Governance | Social |
Skillz Platform Institutional Holders
Institutional Holdings refers to the ownership stake in Skillz Platform that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Skillz Platform's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Skillz Platform's value.| Shares | State Street Corporation | 2023-12-31 | 54.8 K | Morgan Stanley - Brokerage Accounts | 2023-12-31 | 53.7 K | Mirae Asset Global Investments (korea) Co Ltd | 2023-12-31 | 43.9 K | Susquehanna International Group, Llp | 2023-12-31 | 40.6 K | Amvescap Plc. | 2023-12-31 | 37.9 K | T. Rowe Price Associates, Inc. | 2024-03-31 | 34.6 K | D. E. Shaw & Co Lp | 2024-03-31 | 34.1 K | Two Sigma Investments Llc | 2024-03-31 | 31.6 K | Two Sigma Advisers, Llc | 2024-03-31 | 29.1 K | Vanguard Group Inc | 2024-03-31 | 502.6 K | Renaissance Technologies Corp | 2023-12-31 | 404.1 K |
As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Skillz Platform will likely underperform.
Skillz Fundamentals
| Return On Equity | -0.45 | |||
| Return On Asset | -0.14 | |||
| Profit Margin | (0.75) % | |||
| Operating Margin | (1.06) % | |||
| Current Valuation | (45.67 M) | |||
| Shares Outstanding | 14.6 M | |||
| Shares Owned By Insiders | 18.64 % | |||
| Shares Owned By Institutions | 34.80 % | |||
| Number Of Shares Shorted | 2.12 M | |||
| Price To Book | 0.53 X | |||
| Price To Sales | 0.80 X | |||
| Revenue | 150.11 M | |||
| Gross Profit | 238.99 M | |||
| EBITDA | (113.99 M) | |||
| Net Income | (106.69 M) | |||
| Cash And Equivalents | 470.47 M | |||
| Cash Per Share | 1.12 X | |||
| Total Debt | 135.87 M | |||
| Debt To Equity | 0.59 % | |||
| Current Ratio | 8.61 X | |||
| Book Value Per Share | 10.12 X | |||
| Cash Flow From Operations | (69.62 M) | |||
| Short Ratio | 17.58 X | |||
| Earnings Per Share | (4.90) X | |||
| Target Price | 9.67 | |||
| Beta | 2.77 | |||
| Market Capitalization | 109.26 M | |||
| Total Asset | 395.5 M | |||
| Retained Earnings | (979.8 M) | |||
| Working Capital | 452.19 M | |||
| Net Asset | 395.5 M |
About Skillz Platform Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Skillz Platform's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Skillz Platform using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Skillz Platform based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether Skillz Platform offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Skillz Platform's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Skillz Platform Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Skillz Platform Stock:Check out Skillz Platform Piotroski F Score and Skillz Platform Altman Z Score analysis. For more information on how to buy Skillz Stock please use our How to Invest in Skillz Platform guide.You can also try the Idea Breakdown module to analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes.
Complementary Tools for Skillz Stock analysis
When running Skillz Platform's price analysis, check to measure Skillz Platform's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Skillz Platform is operating at the current time. Most of Skillz Platform's value examination focuses on studying past and present price action to predict the probability of Skillz Platform's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Skillz Platform's price. Additionally, you may evaluate how the addition of Skillz Platform to your portfolios can decrease your overall portfolio volatility.
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Is Skillz Platform's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Skillz Platform. If investors know Skillz will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Skillz Platform listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 30.538 | Earnings Share (4.90) | Revenue Per Share 6.455 | Quarterly Revenue Growth (0.43) | Return On Assets (0.14) |
The market value of Skillz Platform is measured differently than its book value, which is the value of Skillz that is recorded on the company's balance sheet. Investors also form their own opinion of Skillz Platform's value that differs from its market value or its book value, called intrinsic value, which is Skillz Platform's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Skillz Platform's market value can be influenced by many factors that don't directly affect Skillz Platform's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Skillz Platform's value and its price as these two are different measures arrived at by different means. Investors typically determine if Skillz Platform is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Skillz Platform's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.