Skye Bioscience Inc (NASDAQ: SKYE) Disappoints Wall Street With -8.78% Stock Price Loss

Skye Bioscience Inc (NASDAQ:SKYE) has a beta value of 1.83 and has seen 1.27 million shares traded in the last trading session. The company, currently valued at $280.14M, closed the last trade at $9.98 per share which meant it lost -$0.96 on the day or -8.78% during that session. The SKYE stock price is -94.49% off its 52-week high price of $19.41 and 85.57% above the 52-week low of $1.44. The 3-month trading volume is 48.41K shares.

Skye Bioscience Inc (NASDAQ:SKYE) trade information

Sporting -8.78% in the red in last session, the stock has traded in the red over the last five days, when the SKYE stock price touched $9.98 or saw a rise of 17.25%. Year-to-date, Skye Bioscience Inc shares have moved 266.91%, while the 5-day performance has seen it change -16.56%. Over the past 30 days, the shares of Skye Bioscience Inc (NASDAQ:SKYE) have changed -17.32%.

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Skye Bioscience Inc (SKYE) estimates and forecasts

Figures show that Skye Bioscience Inc shares have outperformed across the wider relevant industry. The company’s shares have gained 136.49% over the past 6 months, with this year growth rate of 79.33%, compared to 15.30% for the industry.

If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 32.94% over the past 5 years.

SKYE Dividends

Skye Bioscience Inc is expected to release its next earnings report in July this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.