Skillz Still Has to Execute on Its Business Plan, but Its Stock Valuation Is Getting Attractive
Mobile-gaming platform Skillz (NYSE: SKLZ) has seen its stock price soar only to come crashing back down and hit new all-time lows. The stock is now down an excruciating 80% from its all-time high in February. There's no sugar-coating it: This hasn't been a fun time for investors.
However, there may be a bright side to Skillz's plunge for anyone looking to invest new money today because the stock now trades at a far more reasonable valuation than it did before. In this video from Motley Fool Backstage Pass, recorded on Oct. 5, Fool contributor Jon Quast explains to fellow contributor Jason Hall why he believes Skillz is a good value stock now, provided the company executes on its business plan.
Source Fool.com
