Should I Invest In Skillz Stock Today?
Skillz Inc. (NYSE: SKLZ) Founded by Mr. Andrew C. Paradise, A uniquely large and reputable company in the counterparts of San Francisco. Skillz is the leading sporting company that promotes fair and fun gaming competitions.
The company is a multi-million dollar franchise and it is the known leading mobile gaming platform that genuinely connects players to curate a competitive and interesting gaming atmosphere.
Skillz has earned its place as the fastest-growing company in America. Without a doubt, the company is promising and we'd see increasing growth in the coming year. But what does the stock offer right now?
About Skillz's Products
The company experienced exponential growth since it won two patents in 2016. It's a very uncommon growth within small timeframes. Skillz's exceptional growth draws attention to the service, product, and technology the company offers.
Even as a growing multi-millionaire franchise, Skillz's objective never changed. And it revolves around providing a quality gaming experience and a broader playing field for gamers.
Skillz provides a unique user gaming platform that connects and matches multi-players to socially compete and also watch other players who compete. The platform also provides players the opportunity to learn and become better. SKLZ also provides different varieties of athletic skills and performance training products across the country.
SKLZ Growth Trigger
Acceptance for Mobile gaming spreads like wildfire. There's barely anybody that still exists without phones. In 2020 accounts for up to 51% of all the total gaming revenue. Research also shows many people today prefer watching Esports than they currently watch HBO, Netflix, and Hulu.
With such a huge and increasing demand for the SKLZ stock, there's a promising future which also shows good growth potential for the stock and industry.
The mass majority are young adults with the hope of seeking fun. The idea of having an online platform that brings these populations together is a solution that would last.
The STLK revenue grew to $83.7 million, and then up 92% yearly. Gross profit increased from to $79.4 million.
Should I buy the SKLZ stock Now?
STLK stock is an undoubtedly promising stock giving its foundation and roots in solving a disturbing issue. We can expect that this stock would rise eventually making new all time highs. Unfortunately, the STLK is not currently a good buy.
Skillz is a speculative stock with yet so much upside potential. If the general market is turned or burnt the same goes for the STLK market.
