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NASDAQ:SKYE

Skye Bioscience (SKYE) Stock Price, News & Analysis

Skye Bioscience logo
$2.04 -0.04 (-1.92%)
Closing price 09/11/2026 04:00 PM Eastern
Extended Trading
$1.95 -0.09 (-4.41%)
As of 09/11/2026 07:31 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Massive. Learn more.

About Skye Bioscience Stock (NASDAQ:SKYE)

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Key Stats

Today's Range
$1.99
$2.09
50-Day Range
$1.68
$5.63
52-Week Range
$1.64
$39.92
Volume
66,151 shs
Average Volume
199,405 shs
Market Capitalization
$9.04 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$64.00
Consensus Rating
Hold

Company Overview

Skye Bioscience, Inc. is a clinical-stage biotechnology company focused on the development of novel, selective cannabinoid type 1 (CB1) receptor modulators for the treatment of ocular diseases. Headquartered in Sunnyvale, California, Skye Bioscience leverages proprietary chemistry and formulation expertise to design and optimize compounds with high potency, tissue selectivity and favorable drug-like properties. The company’s lead product candidate is being evaluated for the treatment of glaucoma and other ophthalmic conditions characterized by elevated intraocular pressure.

Skye Bioscience’s pipeline centers on synthetic cannabinoids engineered to avoid central nervous system side effects commonly associated with traditional cannabinoid therapies. By targeting CB1 receptors in ocular tissues, the company aims to deliver localized efficacy while minimizing systemic exposure. Preclinical studies have demonstrated promising pharmacokinetic and pharmacodynamic profiles, supporting the potential for twice-daily topical administration and rapid onset of action.

Founded in 2018, Skye Bioscience has assembled a multidisciplinary leadership team with expertise in pharmacology, medicinal chemistry and ophthalmology. The company collaborates with contract research organizations and academic partners to advance its clinical programs through regulatory milestones and into human trials. As a Nasdaq-listed entity under the symbol SKYE, Skye Bioscience is positioning itself at the forefront of cannabinoid-derived therapeutics for eye health.

AI Generated. May Contain Errors.

Skye Bioscience Stock Analysis - MarketRank™

See Top-Rated MarketRank™ Stocks
67th Percentile Overall Score

SKYE MarketRank™: 

Skye Bioscience scored higher than 67% of companies evaluated by MarketBeat. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    Skye Bioscience has received a consensus rating of Hold. The company's average rating score is 2.20, and is based on no strong buy ratings, 2 buy ratings, 2 hold ratings, and 1 sell rating.

  • Upside Potential

    Skye Bioscience has a consensus price target of $64.00, representing about 3,037.3% upside from its current price of $2.04.

  • Amount of Analyst Coverage

    Skye Bioscience has only been the subject of 1 research reports in the past 90 days.

  • Read more about Skye Bioscience's stock forecast and price target.
  • Earnings Growth

    Earnings for Skye Bioscience are expected to remain at ($7.41) per share in the coming year.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Skye Bioscience is -0.20, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Skye Bioscience is -0.20, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

  • Price to Book Value per Share Ratio

    Skye Bioscience has a P/B Ratio of 0.41. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

  • Percentage of Shares Shorted

    3.10% of the float of Skye Bioscience has been sold short.
  • Short Interest Ratio / Days to Cover

    Skye Bioscience has a short interest ratio ("days to cover") of 0.59, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Skye Bioscience has recently decreased by 89.30%, indicating that investor sentiment is improving significantly.
  • Dividend Yield

    Skye Bioscience does not currently pay a dividend.

  • Dividend Growth

    Skye Bioscience does not have a long track record of dividend growth.

  • News Sentiment

    Skye Bioscience has a news sentiment score of 1.44. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.86 average news sentiment score of Healthcare companies.
  • News Coverage This Week

    MarketBeat has tracked 2 news articles for Skye Bioscience this week, compared to 6 articles on an average week.
  • MarketBeat Follows

    3 people have added Skye Bioscience to their MarketBeat watchlist in the last 30 days. This is an increase of 200% compared to the previous 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, Skye Bioscience insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $280,621.00 in company stock.

  • Percentage Held by Insiders

    6.20% of the stock of Skye Bioscience is held by insiders.

  • Percentage Held by Institutions

    21.09% of the stock of Skye Bioscience is held by institutions.

  • Read more about Skye Bioscience's insider trading history.
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SKYE Stock News Headlines

Skye Bioscience (NASDAQ:SKYE) Director Sells 68,140 Shares
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See More Headlines

SKYE Stock Analysis - Frequently Asked Questions

Skye Bioscience's stock was trading at $5.9976 at the start of the year. Since then, SKYE shares have decreased by 66.0% and is now trading at $2.04.

Skye Bioscience, Inc. (NASDAQ:SKYE) issued its quarterly earnings data on Friday, August, 14th. The company reported ($0.27) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.29) by $0.02.

Skye Bioscience shares reverse split on Monday, August 24th 2026.A 1-8 reverse split was announced. The number of shares owned by shareholders was adjusted after the market closes on Sunday, August 23rd 2026. An investor that had 100 shares of stock prior to the reverse split would have 13 shares after the split.

Skye Bioscience (SKYE) raised $100,000 in an initial public offering (IPO) on Thursday, April 11th 2024. The company issued 2,000,000 shares at $0.05 per share.

Shares of SKYE stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.

Based on aggregate information from My MarketBeat watchlists, some other companies that Skye Bioscience investors own include Meta Platforms (META), NVIDIA (NVDA), Advanced Micro Devices (AMD), JPMorgan Chase & Co. (JPM), Netflix (NFLX), Tesla (TSLA) and Alphabet (GOOG).

Company Calendar

Last Earnings
8/14/2026
Today
9/12/2026
Fiscal Year End
12/31/2026

Industry, Sector and Symbol

Stock Exchange
NASDAQ
Industry
Biotechnology
Sub-Industry
Biotechnology
Current Symbol
NASDAQ:SKYE
Previous Symbol
OTCMKTS:EMBI
CIK
1516551
Fax
N/A
Employees
11
Year Founded
2012

Price Target and Rating

High Price Target
$160.00
Low Price Target
$16.00
Potential Upside/Downside
+3,037.3%
Consensus Rating
Hold
Rating Score (0-4)
2.20
Research Coverage
5 Analysts

Profitability

EPS (Trailing Twelve Months)
($10.16)
Trailing P/E Ratio
N/A
Forward P/E Ratio
N/A
P/E Growth
N/A
Net Income
-$55.92 million
Net Margins
N/A
Pretax Margin
N/A
Return on Equity
-329.08%
Return on Assets
-201.79%

Debt

Debt-to-Equity Ratio
N/A
Current Ratio
0.95
Quick Ratio
0.95

Sales & Book Value

Annual Sales
N/A
Price / Sales
N/A
Cash Flow
N/A
Price / Cash Flow
N/A
Book Value
$5.00 per share
Price / Book
0.41

Miscellaneous

Outstanding Shares
4,430,000
Free Float
4,153,000
Market Cap
$9.04 million
Optionable
Optionable
Beta
2.90

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This page (NASDAQ:SKYE) was last updated on 9/12/2026 by MarketBeat.com Staff.
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