Skillz (NYSE:FIRY) Posts Earnings Results

Skillz (NYSE:FIRY) posted its earnings results on Thursday. The company reported ($1.52) earnings per share for the quarter, Zacks reports. Skillz had a negative return on equity of 62.22% and a negative net margin of 60.23%.The business had revenue of $30.99 million for the quarter.

Skillz Stock Performance

Shares of Skillz stock traded down $0.55 during trading on Friday, reaching $9.57. The company’s stock had a trading volume of 244,712 shares, compared to its average volume of 1,285,821. The stock has a market cap of $149.45 million, a PE ratio of -2.17 and a beta of 4.56. Skillz has a 52 week low of $2.23 and a 52 week high of $20.00.

Wall Street Analyst Weigh In

FIRY has been the subject of several research reports. Wall Street Zen downgraded Skillz from a “hold” rating to a “sell” rating in a report on Saturday. Weiss Ratings initiated coverage on shares of Skillz in a report on Monday, July 6th. They issued a “sell (d-)” rating on the stock. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has a consensus rating of “Sell”.

About Skillz

Skillz Inc is a mobile games platform that enables developers to build competitive, skill-based games and allows players to compete against one another in real-time contests. The company provides tools and services designed to help game studios add tournament-style gameplay, player matching, and social competition features to mobile titles.

Through its platform, Skillz hosts and powers multiplayer competitions across a range of casual game genres, with an emphasis on monetization through paid contests and in-game competition.