Skye Bioscience Inc (SKYE)

Currency in USD
3.6300
0.0000(0.00%)
Closed·
SKYE Scorecard
Full Analysis
Holds more cash than debt on its balance sheet
SKYE is not included in our AI-picked strategies. See which stocks are.
Fair Value
Day's Range
3.41753.7050
52 wk Range
1.14007.4700
Key Statistics
Prev. Close
2.55
Open
3.45
Day's Range
3.4175-3.705
52 wk Range
1.14-7.47
Volume
-
Average Volume (3m)
889.9K
1-Year Change
-33.15%
Book Value / Share
-
Fair Value
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Fair Value Upside
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SKYE Scorecardpro icon
Company’s Health
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Fair Value
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Fair Price
Upside
Price Target
15.5000
Upside
+327.00%
Members' Sentiments
Bearish
Bullish
ProTips
2 analysts have revised their earnings downwards for the upcoming period

Skye Bioscience Inc News & Analysis

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Technical Analysis

Summary
Strong Sell
Sell
Neutral
Buy
Strong Buy
Neutral
Technical Indicators
Strong Sell
Moving Averages
Buy

Skye Bioscience Inc Company Profile

Skye Bioscience, Inc., a clinical stage biopharmaceutical company, focuses on developing molecules that modulate G protein-coupled receptors (GPCRs) to treat obesity, overweight, and metabolic diseases. Its lead product candidate is nimacimab, a peripherally restricted negative allosteric modulating antibody targeting cannabinoid receptor 1, a key GPCR involved in metabolic regulation. The company was formerly known as Emerald Bioscience, Inc. and changed its name to Skye Bioscience, Inc. in January 2021. The company is headquartered in San Diego, California.

Skye Bioscience Inc SWOT Analysis


Nimacimab's Promise
Skye Bioscience's lead candidate for obesity treatment shows potential for efficacy without neuropsychiatric side effects, addressing a critical market need
Financial Runway
With $59.2 million in cash, Skye is funded through Q1 2027, providing ample time for key clinical milestones and potential strategic developments
Market Opportunity
Explore how Skye's novel approach to obesity treatment could capture a significant share of a growing market, potentially attracting big pharma interest
Analyst Optimism
Learn about the bullish outlook from analysts, with price targets ranging from $14 to $15, reflecting confidence in Skye's innovative obesity treatment approach
Read full SWOT analysis

Skye Bioscience Inc Earnings Call Summary for Q1/2025

  • R&D expenses rose to $7.2M in Q1 2025, up from $1.9M in Q1 2024; cash reserves at $59.2M, funding operations through Q1 2027
  • Completed enrollment in Phase IIa CBEYOND trial; targeting obesity treatment market with Nimazumab therapy
  • Net loss of $11.1M for Q1 2025; stock unchanged at $2.55, reflecting stable investor sentiment
  • Expects top-line weight loss data in late Q3/early Q4; plans to initiate Phase 2b monotherapy dose-ranging study
  • CEO highlights robust CB1 inhibition; CSO expresses confidence in drug's clinical potential
Last Updated: 08/05/2025, 22:40
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Compare SKYE to Peers and Sector

Metrics to compare
SKYE
Peers
Sector
Relationship
P/E Ratio
0.0x−3.3x−0.5x
PEG Ratio
−0.05−0.010.00
Price/Book
0.0x1.9x2.6x
Price / LTM Sales
0.0x10.2x3.3x
Upside (Analyst Target)
283.6%189.3%43.5%
Fair Value Upside
Unlock1.7%6.3%Unlock

Analyst Ratings

7 Buy
0 Hold
0 Sell
Ratings:
7 analysts
Overall Consensus
Strong Buy

Analysts 12-Month Price Target:

Average 15.5000
(+327.00% Upside)

Earnings

Latest Release
May 08, 2025
EPS / Forecast
-0.28 / -0.21
Revenue / Forecast
-- / --
EPS Revisions
Last 90 days

SKYE Income Statement

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FAQ

What Stock Exchange Does Skye Bioscience Trade On?

Skye Bioscience is listed and trades on the Nasdaq Stock Exchange stock exchange.

What Is the Stock Symbol for Skye Bioscience?

The stock symbol for Skye Bioscience is "SKYE."

What Is the Skye Bioscience Market Cap?

As of today, Skye Bioscience market cap is 101.87M.

What Is Skye Bioscience's Earnings Per Share (TTM)?

The Skye Bioscience EPS (TTM) is -0.83.

From a Technical Analysis Perspective, Is SKYE a Buy or Sell?

Based on moving averages and other technical indicators, the daily buy/sell signal is Neutral.

How Many Times Has Skye Bioscience Stock Split?

Skye Bioscience has split 2 times.

How Many Employees Does Skye Bioscience Have?

Skye Bioscience has 16 employees.

What is the current trading status of Skye Bioscience (SKYE)?

As of 05 Aug 2025, Skye Bioscience (SKYE) is trading at a price of 3.63, with a previous close of 2.55. The stock has fluctuated within a day range of 3.42 to 3.71, while its 52-week range spans from 1.14 to 7.47.
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