Things are improving for small-cap stock %Skillz (NYSE: $SKLZ).
So far this year, the company's stock has risen 32% and the share price has nearly doubled from its 52-week low of $3.54 U.S.
Based in Las Vegas, Skillz is an online mobile multiplayer %VideoGame competition platform that is integrated into several iOS and %Android games.
The Skillz platform boasts more than 14,000 game developers who have launched a game integration on the platform.
The company went public in 2020 and today organizes over two billion online tournaments a year for 30 million mobile players worldwide.
Skillz claims to distribute about $60 million U.S. in prize money each month. With a market capitalization of only $112 million U.S., SKLZ is known as a micro-cap stock.
The company is not yet profitable, which helps explain why the stock has declined 96% since it made its market debut during the depths of the Covid-19 pandemic.
In February 2021, Skillz stock was trading at just under $875 U.S. a share.
However, improving user numbers, an aggressive global expansion, and growing brand awareness among gamers have investors feeling more confident in Skillz.
Mobile video games played on smartphones and tablets are also rising in popularity as the quality and sophistication of the games improves.
These factors have SKLZ stock trending higher with potentially more gains ahead. Investors who are intrigued by a turnaround story might want to learn more about Skillz.
COMTEX_467808828/2848/2025-08-05T10:00:47
