Skye Bioscience Inc Ordinary Shares SKYE

Morningstar Rating
$1.05 −0.01 (0.94%)
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About Quantitative Ratings

Morningstar Quantitative Ratings for Stocks are generated using an algorithm that compares companies that are not under analyst coverage to peer companies that do receive analyst-driven ratings. Companies with quantitative ratings are not formally covered by a Morningstar analyst, but are statistically matched to analyst-rated companies, allowing our models to calculate a quantitative moat, fair value, and uncertainty rating.

Price vs Fair Value

SKYE is trading at a LOCK|T?z<@ premium.
Price
$1.05
Fair Value
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Uncertainty
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1-Star Price
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5-Star Price
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Economic Moat
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Capital Allocation
—

Trading Information

Previous Close Price
$1.04
Day Range
$1.05–1.07
52-Week Range
$1.05–12.64
Bid/Ask
$1.01 / $1.07
Shares Outstanding
4.43M
Market Cap
$4.60M
Volume/Avg
240 / 90,695

Key Statistics

Price/Earnings (Normalized)
—
Price/Sales
—
Dividend Yield (Trailing)
0.00%
Dividend Yield (Forward)
0.00%
Dividend Payment Schedule
—
Total Yield
—

Company Profile

Skye Bioscience Inc is a pre-clinical pharmaceutical company located in San Diego, California. The company's clinical assets focus on the modulation of cannabinoid receptor 1 ("CB1") to provide novel treatments and alternatives for diseases caused by metabolic disorders, inflammation, fibrosis, and neurodegeneration, such as obesity and glaucoma. The company's Phase 2 clinical candidates include nimacimab, a negative allosteric modulating antibody that inhibits peripheral CB1 receptors, currently being developed for the treatment of obesity and SBI-100 Ophthalmic Emulsion ("SBI-100 OE"), a CB1 agonist (activator), currently being developed for the treatment of glaucoma and ocular hypertension.
Sector
Healthcare
Industry
Biotechnology
Stock Style Box
Small Value
Total Number of Employees
9

Valuation

Metric
SKYE
Price/Earnings (Normalized)
—
Price/Book Value
—
Price/Sales
—
Price/Cash Flow
—
Price/Earnings
SKYE

Financial Strength

Metric
SKYE
Quick Ratio
0.87
Current Ratio
0.95
Interest Coverage
−9,357.78
Quick Ratio
SKYE

Profitability

Metric
SKYE
Return on Assets (Normalized)
−142.21%
Return on Equity (Normalized)
−206.10%
Return on Invested Capital (Normalized)
−206.85%
Return on Assets
SKYE

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