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Skye Bioscience Inc Ordinary Shares SKYE

Morningstar Rating
$12.25 −0.43 (3.39%)
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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 719% premium.
Price
$12.15
Fair Value
$17.59
Uncertainty
Extreme
1-Star Price
$437.63
5-Star Price
$7.56
Economic Moat
Czzl
Capital Allocation
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News

Trading Information

Previous Close Price
$12.68
Day Range
$12.1513.44
52-Week Range
$1.4419.41
Bid/Ask
$4.93 / $18.88
Market Cap
$343.83 Mil
Volume/Avg
46,176 / 51,725

Key Statistics

Price/Earnings (Normalized)
Price/Sales
Dividend Yield (Trailing)
Dividend Yield (Forward)
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
Total Number of Employees
11

Valuation

Metric
SKYE
Price/Earnings (Normalized)
Price/Book Value
4.36
Price/Sales
Price/Cash Flow
Price/Earnings
SKYE

Financial Strength

Metric
SKYE
Quick Ratio
5.28
Current Ratio
5.99
Interest Coverage
−27.20
Quick Ratio
SKYE

Profitability

Metric
SKYE
Return on Assets (Normalized)
−9.08%
Return on Equity (Normalized)
−17.81%
Return on Invested Capital (Normalized)
−10.56%
Return on Assets
SKYE
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