Skye Bioscience Inc Ordinary Shares SKYE

Morningstar Rating
$0.61 −0.01 (2.26%)
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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|>#<TS premium.
Price
$0.62
Fair Value
LOCK|<@P<>#
Uncertainty
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1-Star Price
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5-Star Price
LOCK|&rtZzf
Economic Moat
LOCK|DpN
Capital Allocation

Trading Information

Previous Close Price
$0.62
Day Range
$0.600.64
52-Week Range
$0.574.99
Bid/Ask
$0.60 / $0.63
Shares Outstanding
35.14M
Market Cap
$21.30M
Volume/Avg
136,340 / 184,478

Key Statistics

Price/Earnings (Normalized)
Price/Sales
Dividend Yield (Trailing)
0.00%
Dividend Yield (Forward)
0.00%
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
2.36
Price/Sales
Price/Cash Flow
Price/Earnings
SKYE

Financial Strength

Metric
SKYE
Quick Ratio
1.65
Current Ratio
1.78
Interest Coverage
−26,703.29
Quick Ratio
SKYE

Profitability

Metric
SKYE
Return on Assets (Normalized)
−126.30%
Return on Equity (Normalized)
−157.88%
Return on Invested Capital (Normalized)
−159.58%
Return on Assets
SKYE

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