Skye Bioscience (NASDAQ:SKYE – Get Free Report) is one of 992 publicly-traded companies in the “Pharmaceutical preparations” industry, but how does it weigh in compared to its rivals? We will compare Skye Bioscience to related companies based on the strength of its institutional ownership, valuation, analyst recommendations, profitability, earnings, risk and dividends.
Earnings & Valuation
This table compares Skye Bioscience and its rivals top-line revenue, earnings per share and valuation.
Gross Revenue | Net Income | Price/Earnings Ratio | |
Skye Bioscience | N/A | -$37.65 million | -1.22 |
Skye Bioscience Competitors | $1.70 billion | $149.62 million | -3.45 |
Skye Bioscience’s rivals have higher revenue and earnings than Skye Bioscience. Skye Bioscience is trading at a higher price-to-earnings ratio than its rivals, indicating that it is currently more expensive than other companies in its industry.
Volatility & Risk
Analyst Recommendations
This is a summary of recent ratings and price targets for Skye Bioscience and its rivals, as provided by MarketBeat.
Sell Ratings | Hold Ratings | Buy Ratings | Strong Buy Ratings | Rating Score | |
Skye Bioscience | 0 | 0 | 2 | 0 | 3.00 |
Skye Bioscience Competitors | 6344 | 18663 | 44310 | 912 | 2.57 |
Skye Bioscience presently has a consensus price target of $22.50, indicating a potential upside of 72.81%. As a group, “Pharmaceutical preparations” companies have a potential upside of 77.39%. Given Skye Bioscience’s rivals higher possible upside, analysts plainly believe Skye Bioscience has less favorable growth aspects than its rivals.
Profitability
This table compares Skye Bioscience and its rivals’ 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 | -2,580.20% | -256.50% | -30.52% |
Insider and Institutional Ownership
21.1% of Skye Bioscience shares are owned by institutional investors. Comparatively, 44.5% of shares of all “Pharmaceutical preparations” companies are owned by institutional investors. 0.7% of Skye Bioscience shares are owned by insiders. Comparatively, 14.3% of shares of all “Pharmaceutical preparations” companies are owned by insiders. Strong institutional ownership is an indication that endowments, hedge funds and large money managers believe a stock will outperform the market over the long term.
Summary
Skye Bioscience rivals 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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