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Skye Bioscience, Inc. SKYE

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Price alert · SKYE

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1.28 USD -0.02 -1.54%

At close · Oct 30

1.28 0.00 0.00%

After hours · Oct 30, 4:00 PM ET

Bid
1.28 × 2
Ask
1.29 × 4
1.28 Day range 1.42
1.28 52-week range 12.40
YTD
-78.67%
1 year
-89.12%
Open
1.37
Prev close
1.30
Mkt cap
5.67M
Vol
40.56K
Avg vol
90.42K
EPS
-10.16
P/E
0.00
Div yield
0.00%
More statistics
Low
1.28
High
1.42
Forward P/E
-2.27
Beta
1.75
Short ratio
10.06
Inst. own
86.03%
Dividend
0.00
Ex-div date
Earnings
Mar 29, 2024
50-d avg
4.44
200-d avg
7.74
1y target
18.00

2Y chart

Chart tools
Interval

Events in this range
  • Nov 7, 2024Earnings: -0.22; estimate -0.26; surprise 15.38%
  • Aug 24, 2026Split: 1 for 8
Signals (71)
NameDateAgo
RSI: OversoldSep 16, 20261 month ago
MACD: Buy SignalSep 4, 20261 month ago
RSI: OversoldAug 17, 20262 months ago
RSI: OversoldAug 6, 20262 months ago
MACD: Sell SignalJul 29, 20263 months ago
MACD: Buy SignalJul 23, 20263 months ago
MACD: Sell SignalJul 14, 20263 months ago
MACD: Buy SignalJul 6, 20263 months ago
MACD: Sell SignalJun 15, 20264 months ago
MACD: Buy SignalJun 11, 20264 months ago
SMA: BearishMay 29, 20265 months ago
SMA: BullishMay 22, 20265 months ago
SMA: BearishMay 21, 20265 months ago
SMA: BullishMay 20, 20265 months ago
SMA: BearishMay 19, 20265 months ago
MACD: Sell SignalMay 4, 20266 months ago
RSI: OverboughtApr 24, 20266 months ago
SMA: BullishApr 14, 20266 months ago
MACD: Buy SignalApr 1, 20267 months ago
MACD: Sell SignalMar 19, 20267 months ago
MACD: Buy SignalFeb 23, 20268 months ago
MACD: Sell SignalFeb 4, 20268 months ago
MACD: Buy SignalJan 5, 20269 months ago
RSI: OversoldDec 23, 202510 months ago
MACD: Sell SignalDec 22, 202510 months ago
MACD: Buy SignalOct 27, 20251 year ago
SMA: BearishOct 6, 20251 year ago
SMA: BearishOct 6, 20251 year ago
MACD: Sell SignalOct 6, 20251 year ago
RSI: OversoldOct 6, 20251 year ago
MACD: Buy SignalOct 1, 20251 year ago
SMA: BullishSep 26, 20251 year ago
SMA: BearishSep 23, 20251 year ago
MACD: Sell SignalSep 22, 20251 year ago
SMA: BullishSep 4, 20251 year ago
MACD: Buy SignalSep 4, 20251 year ago
MACD: Sell SignalSep 3, 20251 year ago
MACD: Buy SignalAug 26, 20251 year ago
SMA: BearishAug 22, 20251 year ago
SMA: BullishAug 21, 20251 year ago
SMA: BearishAug 18, 20251 year ago
SMA: BullishAug 15, 20251 year ago
SMA: BearishAug 12, 20251 year ago
MACD: Sell SignalJul 14, 20251 year ago
RSI: OverboughtJul 2, 20251 year ago
RSI: OverboughtJun 24, 20251 year ago
MACD: Buy SignalJun 23, 20251 year ago
MACD: Sell SignalJun 13, 20251 year ago
SMA: BullishMay 19, 20251 year ago
SMA: BearishMay 16, 20251 year ago
SMA: BullishMay 15, 20251 year ago
SMA: BearishMay 13, 20251 year ago
SMA: BullishMay 12, 20251 year ago
SMA: BearishMay 5, 20251 year ago
SMA: BullishMay 2, 20251 year ago
SMA: BearishMay 1, 20251 year ago
SMA: BullishApr 30, 20251 year ago
MACD: Buy SignalApr 15, 20251 year ago
RSI: OversoldApr 8, 20251 year ago
RSI: OversoldApr 1, 20251 year ago
MACD: Sell SignalFeb 25, 20251 year ago
SMA: BearishFeb 21, 20251 year ago
SMA: BullishFeb 14, 20251 year ago
SMA: BearishFeb 11, 20251 year ago
SMA: BullishFeb 10, 20251 year ago
SMA: BearishJan 31, 20251 year ago
SMA: BullishJan 29, 20251 year ago
MACD: Buy SignalDec 30, 20241 year ago
MACD: Sell SignalDec 19, 20241 year ago
RSI: OversoldDec 18, 20241 year ago
RSI: OversoldDec 5, 20241 year ago

Key statistics

Market cap
79.79M
Enterprise value
14.69M
Trailing P/E
4.96
Forward P/E
-2.27
PEG ratio
0.00
Price / sales
0.00
Price / book
1.05
EPS (TTM)
0.53
Beta
1.75
Dividend yield
0.00%
Payout ratio
0.00%
Profit margin
0.00%
Revenue (TTM)
0
Revenue growth
0.00%
Free cash flow
-15.71M
Total cash
67.41M
Total debt
190.99K
Return on equity
-54.82%
Shares outstanding
30.34M
Short % of float
7.83%
50-day average
4.44
200-day average
7.74

Analyst view

Consensus: strong buy

Strong buy
Price target (mean) 18.00 +1306.3% upside
Target (low)
14.00
Target (mean)
18.00
Target (high)
21.00
Ratings (0m) 6 6 buy · 0 hold · 0 sell
  • Strong buy3
  • Buy3
  • Hold0
  • Sell0
  • Strong sell0

Next earnings

Mar 29, 2024

Expected Mar 29, 2024. Consensus EPS estimate -0.285.

Earnings history

Financials — quick view

All financials
SKYE Revenue — quarterly 0
2022-Q3 20222022-Q4 20222023-Q1 20232023-Q2 20232023-Q3 20232023-Q4 20232024-Q1 20242024-Q2 20242024-Q3 20242024-Q4 20242025-Q1 20252025-Q2 20252025-Q3 20252025-Q4 20252026-Q1 20262026-Q2 2026
SKYE Net income — quarterly -10.79M
2022-Q3 20222022-Q4 20222023-Q1 20232023-Q2 20232023-Q3 20232023-Q4 20232024-Q1 20242024-Q2 20242024-Q3 20242024-Q4 20242025-Q1 20252025-Q2 20252025-Q3 20252025-Q4 20252026-Q1 20262026-Q2 2026
SKYE EPS — quarterly -2.16
2022-Q3 20222022-Q4 20222023-Q1 20232023-Q2 20232023-Q3 20232023-Q4 20232024-Q1 20242024-Q2 20242024-Q3 20242024-Q4 20242025-Q1 20252025-Q2 20252025-Q3 20252025-Q4 20252026-Q1 20262026-Q2 2026

Earnings

SKYE recent earnings
Report dateQuarter endingEPS estimateEPS reportedSurpriseSurprise %
Nov 7, 2024Sep 1, 2024-0.26-0.22+0.04+15.38%
Aug 9, 2024Jun 1, 2024-0.20-0.200.000.00%
May 10, 2024Mar 1, 2024-0.16-0.18-0.02-12.50%
Mar 29, 2024Dec 1, 2023-0.38———
Nov 13, 2023Sep 1, 20230.00-3.17——
Aug 7, 2023Jun 1, 20230.000.00——

Upgrades / downgrades

SKYE analyst upgrades and downgrades
DateFirmActionFromTo
Sep 30, 2024Scotiabankinit—Sector Outperform
Sep 20, 2024Piper SandlerreitOverweightOverweight
Sep 20, 2024Cantor FitzgeraldreitOverweightOverweight
Sep 10, 2024JMP Securitiesinit—Market Outperform
Sep 9, 2024Cantor FitzgeraldreitOverweightOverweight
Sep 6, 2024Cantor FitzgeraldreitOverweightOverweight

About Skye Bioscience, Inc.

Skye Bioscience, Inc., a biopharmaceutical company, focuses on unlocking new therapeutic pathways for metabolic health through the development of molecules that modulate G-protein coupled receptors. The company is conducting a Phase 2 clinical trial in obesity for nimacimab, a negative allosteric modulating antibody that peripherally inhibits CB1. This study is also assessing the combination of nimacimab and a GLP-1R agonist (Wegovy). The company was formerly known as Emerald Bioscience, Inc. and changed its name to Skye Bioscience, Inc. in January 2021. The company is headquartered in San Diego, California.

Sector
Healthcare
Industry
Biotechnology
Country
United States

News

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Insider holders

SKYE insider holders
InsiderRelationLatest transactionDateShares held
5AM PARTNERS VII, LLCBeneficial Owner of more than 10% of a Class of SecuritySaleSep 12, 20240
ARSENAULT KAITLYN MELANIEChief Financial OfficerSaleNov 17, 2024166,342
DHILLON PUNIT SChief Executive OfficerSaleNov 17, 2024339,166
DIEP TUAN TUOfficerSaleNov 17, 202482,259
EMERALD HEALTH SCIENCES, INC.Beneficial Owner of more than 10% of a Class of SecurityStock Award(Grant)Feb 21, 2023169,408,000
GRAYSON PAUL ADirectorSaleNov 17, 2024259,701

Institution ownership

SKYE institution ownership
Holder% heldSharesValueReported
5AM Venture Management, LLC35.32%9,913,16826.07MSep 29, 2024
Versant Venture Management, LLC7.15%2,007,7045.28MSep 29, 2024
Sphera Funds Management Ltd.5.57%1,563,5224.11MSep 29, 2024
Baker Bros. Advisors, LP5.11%1,434,6343.77MSep 29, 2024
Altium Capital Management, LP4.69%1,315,1463.46MSep 29, 2024
Blackrock Inc.4.25%1,193,5153.14MSep 29, 2024

Fund ownership

SKYE fund ownership
Holder% heldSharesValueReported
Vanguard Total Stock Market Index Fund1.70%477,1001.25MSep 29, 2024
iShares Russell 2000 ETF1.59%446,8141.18MOct 30, 2024
Vanguard Extended Market Index Fund0.89%249,751656.85KSep 29, 2024
Fidelity Small Cap Index Fund0.63%176,099463.14KAug 30, 2024
AdvisorShares Trust-AdvisorShares Pure Cannabis ETF0.57%160,000420.80KOct 30, 2024
iShares Russell 2000 Value ETF0.49%136,819359.83KOct 30, 2024
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