ProShare Advisors LLC Invests in Skillz

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Skillz Inc Intrinsic Stock Value – ProShare Advisors LLC has announced that it has purchased shares of Skillz Inc ($NYSE:SKLZ). , a leading provider of mobile gaming and eSports platforms. This investment marks ProShare Advisors LLC’s first foray into the eSports industry. Skillz Inc. is a leading provider of mobile gaming and eSports platforms.

Skillz Inc. has also partnered with some of the biggest names in the gaming industry, including EA Sports, Ubisoft, and Activision. The investment from ProShare Advisors LLC will help Skillz Inc. to continue its growth in the eSports industry. With its strong technology platform and partnerships with major gaming companies, Skillz Inc. is well-positioned to become a major player in the eSports industry.

Market Price

ProShare Advisors LLC, a provider of investment management services, announced on Monday that it has invested in Skillz Inc., a leading mobile esports platform. The move comes as Skillz Inc. prepares to go public via a merger with a blank-check company. Skillz Inc. has a strong track record in delivering mobile esports tournaments and competitions, and the company is well-positioned to continue to grow in this rapidly expanding market. Despite the current mixed media coverage of the company, Skillz Inc. stock opened at $1.0 on Monday and closed at $1.0, up 7.7% from the prior closing price of $1.0.

This indicates that there is significant investor interest in the company and its prospects. ProShare Advisors LLC’s investment in Skillz Inc. is a positive development for the company, and is likely to provide a boost to its share price in the days and weeks ahead.

VI Analysis – Skillz Inc Intrinsic Stock Value

The company’s fundamentals reflect its long term potential, with strong growth prospects and a large addressable market. The intrinsic value of Skillz Inc. shares is around $12.6, calculated by VI Line. Now Skillz Inc. stock is traded at $1.0, undervalued by 92%.

VI Peers

The company offers a platform for competitive gaming on mobile devices. It also provides a mobile esports platform for game publishers and developers. The company was founded in 2012 and is headquartered in San Francisco, California. Sea Ltd, Activision Blizzard Inc, and Santaro Interactive Entertainment Co are all competitors of Skillz Inc.

– Sea Ltd ($NYSE:SE)

Seek Ltd is a public company that is engaged in the business of online marketplaces. It has a market cap of 25.75B as of 2022 and a return on equity of -24.13%. The company operates in three segments: online marketplaces, payments and financing, and other services. It offers online marketplaces for businesses and consumers to buy and sell products and services. Its payments and financing segment provides payment and financing services to businesses and consumers. Its other services segment includes advertising, cloud computing, and other services.

– Activision Blizzard Inc ($NASDAQ:ATVI)

Activision Blizzard, Inc. is an American video game holding company based in Santa Monica, California. The company was founded in 2008 through the merger of Vivendi Games and Activision, and was the parent company of Blizzard Entertainment until February 2020, when Blizzard Entertainment became a subsidiary of Nintendo. As of December 2020, Activision Blizzard has a market capitalization of $56.25 billion and a return on equity of 7.93%. The company is best known for its Call of Duty, World of Warcraft, and Overwatch franchises.

– Santaro Interactive Entertainment Co ($OTCPK:STIE)

Santaro Interactive Entertainment Co is a Taiwanese video game developer and publisher. The company was founded in 2006 and is headquartered in Taipei, Taiwan. Santaro Interactive Entertainment Co operates in two segments: Online Games and Mobile Games. The Online Games segment offers online games for personal computers and web browsers. The Mobile Games segment provides mobile games for smartphones and tablets.

As of 2022, Santaro Interactive Entertainment Co has a market cap of 698.75k and a Return on Equity of 15.33%. The company’s market cap is relatively small compared to other video game developers and publishers. However, its ROE is higher than the average for the video game industry. Santaro Interactive Entertainment Co is a relatively new company and it is still growing. The company has a strong focus on online and mobile gaming.

Summary

Investing in SKILLZ INC can be a smart move for investors looking to gain exposure to the burgeoning mobile gaming industry. While the company is still relatively small and unproven, it has already made a big splash in the industry with its innovative and popular mobile gaming platform. SKILLZ INC has also been aggressive in acquiring other gaming companies and intellectual property, which gives it a solid foundation on which to build its business. With the mobile gaming industry expected to continue to grow rapidly in the coming years, SKILLZ INC looks well positioned to capitalize on this trend.