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Skye Bioscience, Inc.NasdaqGM:SKYE Stock Report

Market Cap US$47.1m
Share Price
US$1.53
My Fair Value
US$8.27
81.5% undervalued intrinsic discount
1Y-64.3%
7D-11.0%
Portfolio Value
View

Skye Bioscience, Inc.

NasdaqGM:SKYE Stock Report

Market Cap: US$47.1m

Skye Bioscience (SKYE) Stock Overview

A clinical stage biopharmaceutical company, focuses on developing molecules that modulate G protein-coupled receptors (GPCRs) to treat obesity, overweight, and metabolic diseases. More details

SKYE fundamental analysis
Snowflake Score
Valuation2/6
Future Growth0/6
Past Performance0/6
Financial Health6/6
Dividends0/6

SKYE Community Fair Values

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Skye Bioscience, Inc. Competitors

Price History & Performance

Summary of share price highs, lows and changes for Skye Bioscience
Historical stock prices
Current Share PriceUS$1.53
52 Week HighUS$5.96
52 Week LowUS$1.14
Beta2.35
1 Month Change-62.41%
3 Month Change-58.87%
1 Year Change-64.25%
3 Year Change-76.28%
5 Year Change-85.13%
Change since IPO-99.94%

Recent News & Updates

Skye Bioscience: Promising Nimacimab Data Supports Buy Rating

Oct 01

Is Skye Bioscience (NASDAQ:SKYE) In A Good Position To Invest In Growth?

Sep 06
Is Skye Bioscience (NASDAQ:SKYE) In A Good Position To Invest In Growth?

Recent updates

Skye Bioscience: Promising Nimacimab Data Supports Buy Rating

Oct 01

Is Skye Bioscience (NASDAQ:SKYE) In A Good Position To Invest In Growth?

Sep 06
Is Skye Bioscience (NASDAQ:SKYE) In A Good Position To Invest In Growth?

Will Skye Bioscience (NASDAQ:SKYE) Spend Its Cash Wisely?

Apr 22
Will Skye Bioscience (NASDAQ:SKYE) Spend Its Cash Wisely?

A Weight Loss Drug Candidate Essentially For Free As Skye Bioscience Is Trading At Cash Value

Apr 16

Skye Bioscience: Nimacimab Targets Safer Weight Loss, Speculative Buy

Dec 10

Skye: Moving Weight Loss Drugs To The Next Level

Sep 04

Is Skye Bioscience (NASDAQ:SKYE) Using Debt In A Risky Way?

Aug 11
Is Skye Bioscience (NASDAQ:SKYE) Using Debt In A Risky Way?

Shareholder Returns

SKYEUS BiotechsUS Market
7D-11.0%0.9%-1.2%
1Y-64.3%-0.6%15.1%

Return vs Industry: SKYE underperformed the US Biotechs industry which returned -1.2% over the past year.

Return vs Market: SKYE underperformed the US Market which returned 15.5% over the past year.

Price Volatility

Is SKYE's price volatile compared to industry and market?
SKYE volatility
SKYE Average Weekly Movement20.5%
Biotechs Industry Average Movement10.6%
Market Average Movement6.5%
10% most volatile stocks in US Market17.6%
10% least volatile stocks in US Market3.0%

Stable Share Price: SKYE's share price has been volatile over the past 3 months compared to the US market.

Volatility Over Time: SKYE's weekly volatility (20%) has been stable over the past year, but is still higher than 75% of US stocks.

About the Company

FoundedEmployeesCEOWebsite
n/a16Punit Dhillonskyebioscience.com

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.

Skye Bioscience, Inc. Fundamentals Summary

How do Skye Bioscience's earnings and revenue compare to its market cap?
SKYE fundamental statistics
Market capUS$47.10m
Earnings (TTM)-US$42.37m
Revenue (TTM)n/a
0.0x
P/S Ratio
-1.1x
P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
SKYE income statement (TTM)
RevenueUS$0
Cost of RevenueUS$0
Gross ProfitUS$0
Other ExpensesUS$42.37m
Earnings-US$42.37m

Last Reported Earnings

Jun 30, 2025

Next Earnings Date

n/a

Earnings per share (EPS)-1.37
Gross Margin0.00%
Net Profit Margin0.00%
Debt/Equity Ratio0%

How did SKYE perform over the long term?

See historical performance and comparison

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/10/15 20:08
End of Day Share Price 2025/10/15 00:00
Earnings2025/06/30
Annual Earnings2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Skye Bioscience, Inc. is covered by 9 analysts. 8 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Kristen KluskaCantor Fitzgerald & Co.
Jonathan WollebenCitizens JMP Securities, LLC
Gum-Ming LoweCraig-Hallum Capital Group LLC