Skillz (NYSE:FIRY) Lowered to “Sell” Rating by Wall Street Zen

Wall Street Zen cut shares of Skillz (NYSE:FIRY) from a hold rating to a sell rating in a research report sent to investors on Saturday morning.

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

Skillz Stock Performance

Shares of FIRY stock opened at $9.57 on Friday. The stock has a market capitalization of $149.43 million, a P/E 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.

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