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Skye Bioscience (SKYE) Competitors

Skye Bioscience logo
$4.95 -0.56 (-10.16%)
(As of 11/15/2024 08:55 PM ET)

SKYE vs. CRMD, TECX, ABVX, ORIC, PROK, PHAT, ANAB, ALT, IGMS, and OCS

Should you be buying Skye Bioscience stock or one of its competitors? The main competitors of Skye Bioscience include CorMedix (CRMD), Tectonic Therapeutic (TECX), ABIVAX Société Anonyme (ABVX), ORIC Pharmaceuticals (ORIC), ProKidney (PROK), Phathom Pharmaceuticals (PHAT), AnaptysBio (ANAB), Altimmune (ALT), IGM Biosciences (IGMS), and Oculis (OCS). These companies are all part of the "pharmaceutical products" industry.

Skye Bioscience vs.

Skye Bioscience (NASDAQ:SKYE) and CorMedix (NASDAQ:CRMD) are both small-cap medical companies, but which is the better stock? We will compare the two businesses based on the strength of their earnings, community ranking, analyst recommendations, media sentiment, dividends, valuation, risk, profitability and institutional ownership.

CorMedix received 11 more outperform votes than Skye Bioscience when rated by MarketBeat users. However, 100.00% of users gave Skye Bioscience an outperform vote while only 73.33% of users gave CorMedix an outperform vote.

CompanyUnderperformOutperform
Skye BioscienceOutperform Votes
11
100.00%
Underperform Votes
No Votes
CorMedixOutperform Votes
22
73.33%
Underperform Votes
8
26.67%

Skye Bioscience's return on equity of -45.78% beat CorMedix's return on equity.

Company Net Margins Return on Equity Return on Assets
Skye BioscienceN/A -45.78% -37.44%
CorMedix N/A -79.21%-64.68%

Skye Bioscience has a beta of 1.74, suggesting that its share price is 74% more volatile than the S&P 500. Comparatively, CorMedix has a beta of 1.58, suggesting that its share price is 58% more volatile than the S&P 500.

Skye Bioscience currently has a consensus price target of $18.67, suggesting a potential upside of 277.10%. CorMedix has a consensus price target of $15.20, suggesting a potential upside of 47.14%. Given Skye Bioscience's higher possible upside, equities analysts plainly believe Skye Bioscience is more favorable than CorMedix.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Skye Bioscience
0 Sell rating(s)
0 Hold rating(s)
6 Buy rating(s)
0 Strong Buy rating(s)
3.00
CorMedix
0 Sell rating(s)
0 Hold rating(s)
5 Buy rating(s)
0 Strong Buy rating(s)
3.00

In the previous week, Skye Bioscience had 2 more articles in the media than CorMedix. MarketBeat recorded 6 mentions for Skye Bioscience and 4 mentions for CorMedix. CorMedix's average media sentiment score of 0.96 beat Skye Bioscience's score of 0.31 indicating that CorMedix is being referred to more favorably in the news media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
Skye Bioscience
0 Very Positive mention(s)
0 Positive mention(s)
5 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Neutral
CorMedix
1 Very Positive mention(s)
0 Positive mention(s)
1 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive

21.1% of Skye Bioscience shares are held by institutional investors. Comparatively, 34.2% of CorMedix shares are held by institutional investors. 3.0% of Skye Bioscience shares are held by company insiders. Comparatively, 5.2% of CorMedix shares are held by company insiders. Strong institutional ownership is an indication that endowments, large money managers and hedge funds believe a company is poised for long-term growth.

Skye Bioscience has higher earnings, but lower revenue than CorMedix.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
Skye BioscienceN/AN/A-$37.65MN/AN/A
CorMedix$60K10,447.07-$46.34M-$0.81-12.75

Summary

Skye Bioscience beats CorMedix on 8 of the 13 factors compared between the two stocks.

New MarketBeat Followers Over Time

This chart shows the number of new MarketBeat users adding {thisCompany.Symbol} and its top 5 competitors to their watchlist. Each company is represented with a line over a 90 day period.
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Media Sentiment Over Time

This chart shows the average media sentiment of NASDAQ and its competitors over the past 90 days as caculated by MarketBeat. The averaged score is equivalent to the following: Very Negative Sentiment <= -1.5, Negative Sentiment > -1.5 and <= -0.5, Neutral Sentiment > -0.5 and < 0.5, Positive Sentiment >= 0.5 and < 1.5, and Very Positive Sentiment >= 1.5.
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SKYE vs. The Competition

MetricSkye BiosciencePharmaceutical IndustryMedical SectorNASDAQ Exchange
Market Cap$150.17M$6.53B$5.15B$8.74B
Dividend YieldN/A8.16%5.18%4.08%
P/E RatioN/A4.9166.6713.57
Price / SalesN/A376.691,276.8487.67
Price / CashN/A51.2039.7035.24
Price / Book1.989.686.475.93
Net Income-$37.65M$154.43M$119.73M$225.73M
7 Day Performance-13.31%-9.46%-5.13%-1.34%
1 Month Performance17.02%-7.27%-2.71%1.15%
1 Year Performance184.48%28.13%31.08%24.02%

Skye Bioscience Competitors List

CompanyMarketRankShare PriceAnalysts' Price Target1Y Price PerformanceMarket CapRevenueP/E RatioEmployee CountIndicator(s)
SKYE
Skye Bioscience
1.5685 of 5 stars
$4.95
-10.2%
$18.67
+277.1%
+224.6%$150.17MN/A0.0011News Coverage
High Trading Volume
CRMD
CorMedix
2.7427 of 5 stars
$11.00
-3.1%
N/A+171.8%$667.48M$60,000.00-13.5830Short Interest ↓
TECX
Tectonic Therapeutic
3.6912 of 5 stars
$43.26
-7.4%
N/AN/A$637.22MN/A-7.34120Analyst Forecast
High Trading Volume
ABVX
ABIVAX Société Anonyme
3.0751 of 5 stars
$9.96
-2.2%
N/A-14.1%$630.37MN/A0.0061Short Interest ↓
News Coverage
Gap Down
ORIC
ORIC Pharmaceuticals
4.1783 of 5 stars
$8.83
-14.0%
N/A+29.8%$622.87MN/A-4.9180Earnings Report
Analyst Forecast
Analyst Revision
News Coverage
Gap Up
PROK
ProKidney
2.5099 of 5 stars
$2.15
+3.9%
N/A+37.8%$622.79MN/A-3.913Earnings Report
PHAT
Phathom Pharmaceuticals
2.8188 of 5 stars
$9.09
-6.8%
N/A+19.8%$621.55M$26.27M-1.60110Positive News
ANAB
AnaptysBio
2.5896 of 5 stars
$20.17
-2.8%
N/A+33.2%$613.77M$17.16M-3.32100Analyst Forecast
ALT
Altimmune
2.2862 of 5 stars
$8.46
-11.1%
N/A+222.5%$600.91M$409,000.00-5.4550Earnings Report
Analyst Forecast
Options Volume
Analyst Revision
News Coverage
Gap Down
IGMS
IGM Biosciences
4.6905 of 5 stars
$10.10
-9.4%
N/A+64.4%$599.12M$2.91M-2.77190Earnings Report
Short Interest ↓
OCS
Oculis
2.9193 of 5 stars
$14.71
-0.1%
N/A+44.1%$595.76M$980,000.00-7.622Short Interest ↓

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This page (NASDAQ:SKYE) was last updated on 11/17/2024 by MarketBeat.com Staff
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