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Skye Bioscience (SKYE) Competitors

Skye Bioscience logo
$3.02 -0.23 (-7.08%)
(As of 03:58 PM ET)

SKYE vs. CYRX, NGNE, BTMD, DSGN, VYGR, CTNM, PROC, SLRN, KMDA, and CGC

Should you be buying Skye Bioscience stock or one of its competitors? The main competitors of Skye Bioscience include Cryoport (CYRX), Neurogene (NGNE), biote (BTMD), Design Therapeutics (DSGN), Voyager Therapeutics (VYGR), Contineum Therapeutics (CTNM), Procaps Group (PROC), Acelyrin (SLRN), Kamada (KMDA), and Canopy Growth (CGC). These companies are all part of the "pharmaceutical products" industry.

Skye Bioscience vs.

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

Cryoport received 230 more outperform votes than Skye Bioscience when rated by MarketBeat users. However, 100.00% of users gave Skye Bioscience an outperform vote while only 64.96% of users gave Cryoport an outperform vote.

CompanyUnderperformOutperform
Skye BioscienceOutperform Votes
11
100.00%
Underperform Votes
No Votes
CryoportOutperform Votes
241
64.96%
Underperform Votes
130
35.04%

Skye Bioscience currently has a consensus target price of $18.67, indicating a potential upside of 474.36%. Cryoport has a consensus target price of $12.50, indicating a potential upside of 54.51%. Given Skye Bioscience's stronger consensus rating and higher probable upside, research analysts plainly believe Skye Bioscience is more favorable than Cryoport.

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
Cryoport
0 Sell rating(s)
3 Hold rating(s)
3 Buy rating(s)
0 Strong Buy rating(s)
2.50

Skye Bioscience has a net margin of 0.00% compared to Cryoport's net margin of -70.08%. Cryoport's return on equity of -13.35% beat Skye Bioscience's return on equity.

Company Net Margins Return on Equity Return on Assets
Skye BioscienceN/A -45.78% -37.44%
Cryoport -70.08%-13.35%-6.43%

21.1% of Skye Bioscience shares are held by institutional investors. Comparatively, 92.9% of Cryoport shares are held by institutional investors. 3.0% of Skye Bioscience shares are held by insiders. Comparatively, 10.1% of Cryoport shares are held by insiders. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a stock will outperform the market over the long term.

In the previous week, Skye Bioscience had 2 more articles in the media than Cryoport. MarketBeat recorded 3 mentions for Skye Bioscience and 1 mentions for Cryoport. Cryoport's average media sentiment score of 1.67 beat Skye Bioscience's score of 1.38 indicating that Cryoport is being referred to more favorably in the news media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
Skye Bioscience
2 Very Positive mention(s)
0 Positive mention(s)
1 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive
Cryoport
1 Very Positive mention(s)
0 Positive mention(s)
0 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Very Positive

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

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
Skye BioscienceN/AN/A-$37.65MN/AN/A
Cryoport$226.11M1.77-$99.59M-$3.38-2.39

Skye Bioscience has a beta of 1.72, meaning that its share price is 72% more volatile than the S&P 500. Comparatively, Cryoport has a beta of 1.62, meaning that its share price is 62% more volatile than the S&P 500.

Summary

Skye Bioscience beats Cryoport on 8 of the 15 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$98.61M$6.84B$5.13B$9.28B
Dividend YieldN/A3.06%4.81%4.06%
P/E RatioN/A10.77135.2417.51
Price / SalesN/A283.871,174.53134.92
Price / CashN/A56.6540.4837.95
Price / Book-19.125.384.884.94
Net Income-$37.65M$151.62M$118.56M$225.30M
7 Day Performance-10.22%-4.82%14.97%-1.11%
1 Month Performance-28.73%2.04%15.07%7.29%
1 Year Performance5.43%16.11%34.31%23.06%

Skye Bioscience Competitors List

CompanyMarketRankShare PriceAnalysts' Price Target1Y Price PerformanceMarket CapRevenueP/E RatioEmployee CountIndicator(s)
SKYE
Skye Bioscience
2.1057 of 5 stars
$3.02
-7.1%
$18.67
+518.1%
+15.1%$91.63MN/A0.0011Positive News
CYRX
Cryoport
3.2288 of 5 stars
$7.55
-1.8%
$12.50
+65.6%
-48.9%$373.20M$226.11M-2.321,170Short Interest ↓
Positive News
NGNE
Neurogene
3.9667 of 5 stars
$24.42
+3.9%
$60.83
+149.1%
N/A$362.76M$925,000.000.0090
BTMD
biote
3.4078 of 5 stars
$6.60
+3.6%
$9.11
+38.0%
+24.5%$358.62M$193.06M24.77194Analyst Forecast
News Coverage
Positive News
Gap Up
DSGN
Design Therapeutics
0.3707 of 5 stars
$6.29
+12.3%
$7.00
+11.3%
+144.1%$356.15MN/A-7.1840Positive News
VYGR
Voyager Therapeutics
4.6442 of 5 stars
$6.49
+3.5%
$17.00
+161.9%
-21.7%$354.55M$250.01M8.83100
CTNM
Contineum Therapeutics
2.0757 of 5 stars
$13.52
-3.6%
$29.25
+116.3%
N/A$348.55M$50M0.0031
PROC
Procaps Group
0.7671 of 5 stars
$3.08
+27.8%
N/A+19.8%$347.49M$414.10M5.105,500News Coverage
Gap Down
High Trading Volume
SLRN
Acelyrin
2.8717 of 5 stars
$3.37
+4.3%
$11.75
+248.7%
-55.6%$338.11MN/A-1.31135
KMDA
Kamada
4.1934 of 5 stars
$5.85
-0.3%
$14.50
+147.9%
-3.0%$336.26M$158.38M20.96360News Coverage
Positive News
CGC
Canopy Growth
2.4246 of 5 stars
$3.05
-1.9%
$3.50
+14.8%
-41.2%$332.27M$220.27M-0.631,029Analyst Downgrade
Short Interest ↓
News Coverage

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This page (NASDAQ:SKYE) was last updated on 12/18/2024 by MarketBeat.com Staff
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