NASDAQ: SKYESkye Bioscience Inc Stock
$12.15+0.74 (+6.49%)
Updated May 14, 2024
SKYE Price
$12.15
Fair Value Price
N/A
Market Cap
$341.03M
52 Week Low
$10.85
52 Week High
$17.65
P/E
-5.19x
P/B
4.32x
P/S
N/A
PEG
N/A
Dividend Yield
N/A
Revenue
$0.00
Earnings
-$37.50M
Gross Margin
N/A
Operating Margin
N/A
Profit Margin
N/A
Debt to Equity
0.2
Operating Cash Flow
-$15M
Beta
78.74
Next Earnings
N/A
Ex-Dividend
N/A
Next Dividend
N/A
SKYE Overview
Skye Bioscience, Inc., a biopharmaceutical company, discovers, develops, and commercializes cannabinoid-based molecules for the treatment of infectious diseases. The company's lead product candidate is SBI-100, which is in Phase I trials for the treatment of glaucoma and ocular hypertension. It is also developing SBI-200 that is in preclinical trials to treat and manage various eye diseases, including uveitis, dry eye syndrome, macular degeneration and diabetic retinopathy. The company was formerly known as Emerald Bioscience, Inc. and changed its name to Skye Bioscience, Inc. in January 2021. Skye Bioscience, Inc. was founded in 2012 and is headquartered in San Diego, California.
Zen Score
–
Industry Average (22)
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Due Diligence Checks
SKYE is unprofitable, so we are unable to calculate its intrinsic value according to an updated version of Benjamin Graham's Formula from "The Intelligent Investor"
Below Benjamin Graham Formula Value Valuation
SKYE is good value based on its book value relative to its share price (4.32x), compared to the US Biotechnology industry average (6.05x)
P/B vs Industry Valuation
SKYE is unprofitable, so we... subscribe to Premium to read more.
PEG Value Valuation
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SKYE News
Valuation
SKYE price to earnings (PE)
For valuing profitable companies with steady earnings
Company
-5.19x
Industry
8.12x
Market
30.29x
SKYE price to book (PB)
For valuing companies that are loss-making or have lots of physical asset
Company
4.32x
Industry
6.05x
SKYE is good value based... subscribe to Premium to read more.
P/B vs Industry Valuation
SKYE's financial health
Profit margin
Revenue
$0.0
Net Income
-$5.0M
Profit Margin
0%
SKYE's cash burn is expected... subscribe to Premium to read more.
Interest Coverage Financials
Assets to liabilities
Assets
$94.8M
Liabilities
$16.0M
Debt to equity
0.2
SKYE's short-term assets ($94.57M) exceed... subscribe to Premium to read more.
Short-term Liabilities Financials
SKYE's short-term assets ($94.57M) exceed... subscribe to Premium to read more.
Long-term Liabilities Financials
SKYE's debt relative to shareholder... subscribe to Premium to read more.
Shrinking Debt Financials
SKYE's debt to equity ratio... subscribe to Premium to read more.
Healthy Debt to Equity Financials
Cash flow
Operating
-$4.7M
Investing
$1.1M
Financing
$85.7M
SKYE's cash and short-term investments... subscribe to Premium to read more.
Debt Coverage Financials
SKYE vs Biotech Stocks
Skye Bioscience Stock FAQ
Company
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Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.