Where Will Skillz Be in 5 Years?
Skillz(NYSE:SKLZ) has been a volatile stock since it merged with a SPAC and went public last December. The stock opened at $17.89 on its first trading day and skyrocketed to an all-time high of $46.30 in February, but tumbled back below $17 over the following four months.
I reviewed Skillz’s near-term outlook last month and concluded that the online gaming platform company’s customer concentration issues, high user acquisition costs, and widening losses could all prevent the bulls from returning…
