During the last session 38M of Skillz Inc.’s (NYSE:SKLZ) shares were traded. The stock closed at $11.77 per share indicating that it gained $1.18 or 11.14% during that day which brings the Skillz Inc.’s valuation to $4.74B.
The 52-week high for the Skillz Inc.’s shares is $46.30. That puts it -74.58% from that peak but still a -24.47% gain since the share price dropped to a 52-week low of $10.06, while the S&P 500’s share price change was of 26.47%.
What does the trading volume tell us about the SKLZ stock?
During the last trading session, Skillz Inc. (NYSE:SKLZ) has seen decay in its daily volume. The daily volume was of 14M, while in the last 10 days the average was 11.2M and last three months – 14.18M.
Growing short interest
The Skillz Inc.’s shares are seeing an increasing short interest compared to the previous month. As of today, there are 57.28M shares being shorted which translates into 4.29 of a short ratio for SKLZ, while in the previous month the shorted shares were 49.9M.
Skillz Inc. (NYSE:SKLZ)’s financials
With a market cap of 4.74B, Skillz Inc. holds a total cash of $692.78M that translates into $1.72 per share.
The company has seen an increase in the revenue with a year-over-year quarterly revenue growth percentage of 52.00%. The current revenue is of $300.85M that is $0.89 per share.
This is a great sign for a bright future.