Published on 13 Feb 2024 on Zacks via Yahoo Finance
Skillz Inc. (SKLZ) Moves 14.5% Higher: Will This Strength Last?
Skillz Inc. (SKLZ) shares rallied 14.5% in the last trading session to close at $7.41. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 29.4% gain over the past four weeks.
Improving user economics and solid development on its product efforts have been boosting investors’ confidence.
This company is expected to post quarterly loss of $1.49 per share in its upcoming report, which represents a year-over-year change of +37.9%. Revenues are expected to be $39.19 million, down 16.4% from the year-ago quarter.