Why Skillz Is Coming Up With All the Right Answers

The stock market rewards short-term performance, often quarter-by-quarter, but a long-term perspective can often reveal a company's future returns better than its most recent quarter will.

Mobile gaming competition platform Skillz (NYSE: SKLZ) is trading near its 52-week lows after its 2021 second-quarter results disappointed many investors. However, here are three catalysts that could put Skillz back in the good graces of the market over the next 12 to 24 months.

The lack of high-profile games on the Skillz platform has been the loudest argument against the stock since it went public in December 2020. Indeed, the top games on Skillz are primarily "casual" games such as bingo, billiards, and cards. There is no true blockbuster on the platform yet.

Source Fool.com