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SKLZ Stock: 6 Takeaways From Skillz CEO’s Open Letter Today

investorplace2021-04-09

Today, the meme stock trade appears to be losing some steam. Investors in companies with heavy retail investor interest are down. Accordingly, investors in Skillz(NYSE:SKLZ) and SKLZ stock may not be surprised to see a 5% decline today.

Source: NYCStock / Shutterstock.com

After all, investors may have noticed a relative stagnation among the meme stock group in recent days. Today’s decline has continued a relatively bearish trend for these stocks this past week. Retail investors appear to be recycling interest rapidly. Accordingly, near-term sentiment appears to be a bigger driver than ever today for this group.

That said, the company’s CEO has raised some interesting points in a recentopen letterto shareholders.

Let’s dive into what that letter said, and why investors may want to reconsider this stock.

Open Letter Highlights Bullish Thesis on SKLZ Stock

  • Andrew Paradise, CEO of Skillz,recently pennedan open letter on Seeking Alphain which he highlighted the growth potential of its e-gaming business.
  • Accordingly, Mr. Paradise noted the 23% CAGR of Skillz as an indicator of this growth. Indeed, he notes mobile has become the fastest-growing segment of the gaming space.
  • Further, Skillz is well-positioned to capture market share in a rapidly expanding sector. The CEO notes the mobile gaming market is expected to grow to $161 billion by 2025, from just $86 billion last year.
  • Thus, the company’s 84% year-over-year growth rate projected for Q1 is something he’d like investors to focus on.
  • Skillz expects to ramp up its Android footprint dramatically. Last year, Android made up 14% of revenues. Furthermore, Mr. Paradise noted this segment is growing 2 times faster than iOS.
  • Additionally, Skillz has its sights set on global growth. The letter noted the international market for mobile gaming is 4 times larger than the domestic market.

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评论8

  • ctanya
    ·2021-04-21
    Why did it keep crashing? No clear answers $Skillz Inc(SKLZ)$(I don't have a position on this)
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    • Lynny
      Short sellers😡
      2021-04-22
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  • Slowdownpok
    ·2021-04-18
    Good company but yet to become great company. It is required right strategy to execute to become great company!
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  • Billie Lo
    ·2021-04-09
    [比心]  继续加仓!very big discount now add more. 
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    • A蔓妲
      yes... super sales
      2021-04-09
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    • Billie Lo
      Shopping time [梭哈]
      2021-04-10
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    • A蔓妲回复Billie Lo
      haha..
      2021-04-14
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  • Tzengoes
    ·2021-04-09
    Long hold on this. Good entry price with prices depressed more than 50% from previous highs at 17plus now. If roblox goes up, this will too.[财迷] 
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  • Hb_
    ·2021-04-09
    This is a good stock to hold 
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  • Kel26
    ·2021-04-09
    Good to hold some for now
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  • manoj10
    ·2021-04-09
    nhjk
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  • The knights
    ·2021-04-09
    It’s a long wait and big gamble indeed. The stockhas been smashed over the past weeks even withthe recent share issue price of $24.80. 
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