Is Skillz (SKLZ) Stock a Good Buy at Around $15?

Nowadays, mobile gaming is a massive industry and is growing at an impressive pace as well. It is only natural that many investors are on the lookout for stocks from the sector. One mobile gaming company that could be tracked by investors at this point in time is that of Skillz Inc (NYSE: SKLZ).

It is a mobile gaming platform with a difference and is primarily focused on games of skill. The company has become increasingly popular among both developers and gaming enthusiasts in recent times.

Investors who might be interested in the company need to note that the company has doubled its revenues from one year to the next over a number of years. In 2020, it generated total sales of as much as $230 million, which reflected a year-on-year rise of 92%. In addition to that, the number of games that generated $1 million in yearly revenues also rose to 26 from 23 in 2020.

Jack Dawkins

Finance and Tech Contributor

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