Skye Bioscience (NASDAQ:SKYE – Get Free Report) is one of 955 public companies in the “Pharmaceutical preparations” industry, but how does it contrast to its peers? We will compare Skye Bioscience to related businesses based on the strength of its analyst recommendations, dividends, profitability, institutional ownership, risk, valuation and earnings.
Volatility and Risk
Skye Bioscience has a beta of 1.69, indicating that its share price is 69% more volatile than the S&P 500. Comparatively, Skye Bioscience’s peers have a beta of 0.80, indicating that their average share price is 20% less volatile than the S&P 500.
Valuation & Earnings
This table compares Skye Bioscience and its peers revenue, earnings per share (EPS) and valuation.
Gross Revenue | Net Income | Price/Earnings Ratio | |
Skye Bioscience | N/A | -$37.65 million | -1.59 |
Skye Bioscience Competitors | $1.66 billion | $154.05 million | -3.88 |
Institutional & Insider Ownership
21.1% of Skye Bioscience shares are held by institutional investors. Comparatively, 44.3% of shares of all “Pharmaceutical preparations” companies are held by institutional investors. 0.7% of Skye Bioscience shares are held by company insiders. Comparatively, 14.4% of shares of all “Pharmaceutical preparations” companies are held by company insiders. Strong institutional ownership is an indication that endowments, hedge funds and large money managers believe a company is poised for long-term growth.
Profitability
This table compares Skye Bioscience and its peers’ net margins, return on equity and return on assets.
Net Margins | Return on Equity | Return on Assets | |
Skye Bioscience | N/A | N/A | -438.15% |
Skye Bioscience Competitors | -2,643.56% | -227.01% | -28.96% |
Analyst Ratings
This is a breakdown of current ratings and target prices for Skye Bioscience and its peers, as provided by MarketBeat.com.
Sell Ratings | Hold Ratings | Buy Ratings | Strong Buy Ratings | Rating Score | |
Skye Bioscience | 0 | 0 | 2 | 0 | 3.00 |
Skye Bioscience Competitors | 6095 | 17833 | 42985 | 885 | 2.57 |
Skye Bioscience presently has a consensus target price of $22.50, indicating a potential upside of 32.59%. As a group, “Pharmaceutical preparations” companies have a potential upside of 86.00%. Given Skye Bioscience’s peers higher probable upside, analysts plainly believe Skye Bioscience has less favorable growth aspects than its peers.
Summary
Skye Bioscience peers beat Skye Bioscience on 7 of the 13 factors compared.
Skye Bioscience Company Profile
Skye Bioscience, Inc., a clinical stage pharmaceutical company, discovers, develops, and commercializes cannabinoid-based molecules for the treatment of infectious diseases. The company's lead product candidate is SBI-100 used in the treatment of glaucoma and ocular hypertension. It is also developing SBI-200 to treat and manage various eye diseases, including uveitis, dry eye syndrome, macular degeneration and diabetic retinopathy. It has license agreement with university of Mississippi. 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.
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