SKILLZ (SKLZ): poised to retest resistance & break out soon
(1) Fundamentals:
Skillz Inc opetrates operates a mobile platform that connects players worldwide. Its platform hosts casual esports tournaments
It's big moat is that it has no direct competitors, reason why it is able to generate such outstanding Gross Margins of over 94%.
And best of all is that these margins combined with a stellar Revenue Growth of 98% (TTM) without monetizing it's non-paying user (until now). That is going to change as it just acquired Aarki, which will enhance monetization of this big chunk of users, which make up 84% of its MAU and this will bring this enterprise to it's next level.
(2)Technicals:
The 1h Chart shows that SKLZ has been struggling and retracing a lot during the last days (after having taken a strong and resistance the 200 EMA in the 4h Chart) and now it finished to retest its previous lows around $18 and is starting to pull back upwards. Therefore it could be a bit early start positions, but on the other hand for those who look to a time horizon of 3 to 6 months this is probably the right moment to jump in as it also could become a Reddit favorite due to its attractive valuation combined with its elevated short interest of around 19%.
I am already in as I see a bright near future for this stock...and if you liked this analysis please do not forget to hit the like button and eventually leave a comment about your opinion.
Skillz Inc opetrates operates a mobile platform that connects players worldwide. Its platform hosts casual esports tournaments
It's big moat is that it has no direct competitors, reason why it is able to generate such outstanding Gross Margins of over 94%.
And best of all is that these margins combined with a stellar Revenue Growth of 98% (TTM) without monetizing it's non-paying user (until now). That is going to change as it just acquired Aarki, which will enhance monetization of this big chunk of users, which make up 84% of its MAU and this will bring this enterprise to it's next level.
(2)Technicals:
The 1h Chart shows that SKLZ has been struggling and retracing a lot during the last days (after having taken a strong and resistance the 200 EMA in the 4h Chart) and now it finished to retest its previous lows around $18 and is starting to pull back upwards. Therefore it could be a bit early start positions, but on the other hand for those who look to a time horizon of 3 to 6 months this is probably the right moment to jump in as it also could become a Reddit favorite due to its attractive valuation combined with its elevated short interest of around 19%.
I am already in as I see a bright near future for this stock...and if you liked this analysis please do not forget to hit the like button and eventually leave a comment about your opinion.
Comment:
apologize for the grammar errors