Skillz (NYSE:FIRY) Stock Rating Lowered by Wall Street Zen

Skillz (NYSE:FIRY) was downgraded by research analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a report released on Saturday.

Separately, Weiss Ratings assumed coverage on Skillz in a report on Monday, July 6th. They issued a “sell (d-)” rating on the stock. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, Skillz currently has an average rating of “Sell”.

Skillz Stock Up 0.8%

Shares of FIRY opened at $9.57 on Friday. The firm has a market cap of $149.45 million, a price-to-earnings ratio of -2.17 and a beta of 4.56. Skillz has a 1-year low of $2.23 and a 1-year high of $20.00.

Skillz (NYSE:FIRY) last released its quarterly earnings results on Thursday, August 13th. The company reported ($1.52) earnings per share (EPS) for the quarter. Skillz had a negative return on equity of 62.22% and a negative net margin of 60.23%.The firm had revenue of $30.99 million during the quarter.

Skillz Company Profile

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.