The Swing Trader: Downtrend Protection v.2 (TA) AI robot has emerged as a top performer in our robot factory. This cutting-edge trading bot showcased its capabilities by generating a remarkable +14.25% gain while trading SKLZ (Skillz Inc.) over the previous week. However, despite the robot's success, recent earnings challenges and a bearish market trend suggest caution for investors interested in SKLZ.
Bearish Market Trend and Future Declines:
The SKLZ stock has experienced a downward trajectory over the past three consecutive days, which is generally considered a bearish sign. Investors should closely monitor this stock for potential further declines. Examining historical data from instances where SKLZ declined for three days, it is noteworthy that in 206 out of 226 cases, the price continued to decline within the following month. This statistic indicates a strong 90% probability of a continued downward trend for SKLZ in the near future.
Skillz Inc. released its latest earnings report on May 09, revealing earnings per share (EPS) of -9 cents. This figure met the estimated EPS of -9 cents, suggesting the company performed in line with expectations. With a total of 97.50K shares outstanding, the current market capitalization of SKLZ stands at 178.00M.
Analysis and Implications:
The Swing Trader: Downtrend Protection v.2 (TA) robot's impressive gain of +14.25% while trading SKLZ reflects its ability to navigate the market and identify profitable opportunities. However, caution is warranted due to the bearish market trend and the likelihood of further price declines based on historical patterns.
Skillz Inc.'s earnings results indicate that the company managed to meet the estimated EPS of -9 cents. While matching expectations is generally viewed as positive, the negative EPS suggests that Skillz Inc. is currently operating at a loss. Investors should consider this aspect carefully when evaluating the company's financial health and future prospects.
Moreover, the current market capitalization of 178.00M, based on the outstanding shares of 97.50K, provides an overview of the company's valuation in the market. It is essential to consider this figure in conjunction with other financial metrics and industry trends to gain a comprehensive understanding of Skillz Inc.'s position.
The Swing Trader: Downtrend Protection v.2 (TA) robot's exceptional performance in trading SKLZ highlights its potential as a valuable tool for investors. However, the prevailing bearish market trend and the high probability of further declines for SKLZ warrant caution.
Moving lower for three straight days is viewed as a bearish sign. Keep an eye on this stock for future declines. Considering data from situations where SKLZ declined for three days, in of 247 cases, the price declined further within the following month. The odds of a continued downward trend are .
The Momentum Indicator moved below the 0 level on September 05, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on SKLZ as a result. In of 49 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
The Moving Average Convergence Divergence Histogram (MACD) for SKLZ turned negative on September 06, 2023. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 27 similar instances when the indicator turned negative. In of the 27 cases the stock turned lower in the days that followed. This puts the odds of success at .
The Aroon Indicator for SKLZ entered a downward trend on September 26, 2023. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
The RSI Indicator points to a transition from a downward trend to an upward trend -- in cases where SKLZ's RSI Indicator exited the oversold zone, of 25 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 15 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an upward trend is expected.
Following a +1 3-day Advance, the price is estimated to grow further. Considering data from situations where SKLZ advanced for three days, in of 174 cases, the price rose further within the following month. The odds of a continued upward trend are .
SKLZ may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly undervalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (0.446) is normal, around the industry mean (19.856). P/E Ratio (0.000) is within average values for comparable stocks, (152.778). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (2.642). Dividend Yield (0.000) settles around the average of (0.088) among similar stocks. P/S Ratio (0.570) is also within normal values, averaging (74.113).
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating slightly worse than average price growth. SKLZ’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. SKLZ’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 90, placing this stock worse than average.
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
a blank check company, which intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, and reorganization
|MFs / NAME||Price $||Chg $||Chg %|
|SEI International Equity I (SIT)|
|Delaware Ivy International Val Y|
|Hartford MidCap HLS IA|
|BlackRock Advantage Global Investor A|
|MFS Emerging Markets Equity Research C|
A.I.dvisor indicates that over the last year, SKLZ has been loosely correlated with COIN. These tickers have moved in lockstep 64% of the time. This A.I.-generated data suggests there is some statistical probability that if SKLZ jumps, then COIN could also see price increases.