Is Skillz Stock a Good Long-Term Investment?
Mobile gaming company Skillz (NYSE: SKLZ) has ridden the meme stock roller coaster in 2021 as the number of shares shorted rose to nearly 61 million at the end of August, representing 15% of the shares outstanding. Its stock price descended to a low of $10.06 in August from a 52-week high of $46.30 in February, when shares sold short were less than 15 million.
Meme hype aside, investing in sound companies with a view toward the long term is key to reducing risk and seeing your investment grow. The question is whether Skillz falls into that category. Let's dig into the company to determine whether it does.
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Source Fool.com