How to Buy Skye Bioscience Stock
Skye Bioscience Inc
Skye Bioscience, Inc. , a biopharmaceutical company, discovers, develops, and commercializes cannabinoid-based molecules for the treatment of infectious diseases.
Skye Bioscience stock last closed at $12.00, down 0.41% from the previous day, and has decreased N/A in one year. It has underperformed other stocks in the Biotechnology industry by N/A percentage points. Skye Bioscience stock is currently +10.6% from its 52-week low of $10.85, and -32.01% from its 52-week high of $17.65.
As of May 20, 2024, there are 28.07M shares of SKYE outstanding. The market capitalization of SKYE is $336.81M. In the last 24 hours, 36,151 SKYE shares were traded.
How to Buy Skye Bioscience Stock
Not sure how to invest in Skye Bioscience stock? Here's how.
- Decide where to buy Skye Bioscience stock: You need to pick a stock brokerage, but don't worry - we've analyzed dozens of online brokerages and apps to help you figure out where to buy Skye Bioscience stock.
- Sign up for a brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've identified.
- Deposit funds into your investment account: Choose your method of payment and add your info.
- Evaluate Skye Bioscience stock: The Skye Bioscience ticker symbol is SKYE. Is Skye Bioscience stock a good investment? Should you buy shares of SKYE? How do SKYE's underlying business fundamentals look? Do top analysts think Skye Bioscience is a good buy? Why has SKYE's stock price moved recently? (Hint: Our stock market research tools can help you evaluate if SKYE is a good stock to buy).
- Make your SKYE purchase: Decide if you will purchase SKYE shares at the current market price or use a limit order to buy SKYE shares at a given price.
- Watch your investment in SKYE: Create a watchlist to get live updates on your new investment in Skye Bioscience shares.
Step 1: Decide where to buy Skye Bioscience stock
You need a brokerage account to access the NASDAQ market and buy SKYE shares.
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Open eToro AccountStep 2: Sign up for a brokerage account
Now that you've picked your brokerage, the next step is to fill out some personal details so you can buy SKYE today.
How to Create a New Brokerage Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Input your personal info to open your new brokerage account.
- Send your info by clicking the "Create Account" button. Get started with eToro today
Step 3: Deposit funds into your investment account
Now that you have filled out your info on our top ranked stock trading app, you can securely and quickly fund your account:
Check out the walkthrough below for more details depositing money into your brokerage account.
Step 4: Evaluate Skye Bioscience stock
After you have selected the best place to buy Skye Bioscience stock, it's crucial to analyze their stock prior to investing, so you can understand the risk as well as the opportunity.
Skye Bioscience stock data
Fundamentals of SKYE
WallStreetZen was designed to help part-time investors do better fundamental analysis in minutes instead of hours.
You can see all of the due diligence checks on SKYE's stock page.
What is the fair value of SKYE stock?
Investors use a variety of different financial metrics, analyses, models, and charts to gauge SKYE's fair value.
Using relative valuations ratios:
- SKYE may be undervalued based on its P/B ratio of 4.27x, relative to Biotechnology industry P/B ratio of 6.06x
You can access additional valuation research on SKYE's stock here.
SKYE Financials at a glance
Passed Financial Due Diligence Checks:
- SKYE has $92.42M in cash and short term investments. This is sufficient to cover its annual cash burn of $14.61M.
- There are more short-term assets than long-term liabilities on the SKYE balance sheet.
- There are more short-term assets than short-term liabilities on the SKYE balance sheet.
- Total SKYE debt is lower than 5 years ago, relative to shareholder equity.
- SKYE has a low debt to equity ratio of 0.2.
- SKYE has cash burn of 14613249. It has enough cash and short-term investments to cover this for at least one year.
Is Skye Bioscience stock a Buy, Hold, or Sell, according to analysts?
Out of 2 sell side analysts who give recommendations on SKYE, the consensus analyst rating on SKYE is a Strong Buy
It's important to note that analyst forecasts are not recommendations, nor are they investment advice.
You can dig deeper into what analysts are projecting on the Skye Bioscience stock forecast page.
SKYE Technical Indicators
Who is buying/selling SKYE?
In the last year, insiders at SKYE have bought more shares than they have sold.
5am Partners Vii LLC, 10% Owner of SKYE, was the latest SKYE insider to buy. They bought $4,500,000.00 worth of SKYE shares on Mar 13, 2024.
Dig into more about who owns SKYE stock here.
Can I rely on SKYE as an income stream?
No, Skye Bioscience doesn't provide an income stream by paying out dividends.
SKYE Social Trading Data
One of the reasons eToro is our favorite brokerage is because of its social trading community.
Click below to learn what other community members have to say.
Step 5: Make your SKYE purchase
There are two primary types of orders:
- Market order: A market order is an order to buy or sell a stock at the best price on the market.
Market orders are mostly the easiest way to buy. - Limit order: A limit order is an order to buy or sell a stock at a specific price (or better).
If you want to be certain you're buying or selling at a given price, use a limit order.
Click the Open Trade button and your broker will place your order.
If you require additional help with investing in stocks on eToro, click the how to video below:
Step 6: Watch your investment in SKYE
Now that you own some SKYE stock, you'll want to keep up with your new company.
Create a watchlist to keep tabs on your SKYE stock.
SKYE Feed
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How to Buy Stock in Skye Bioscience
To summarize, here are the 6 steps you need to take to buy Skye Bioscience stock right now:
- Decide where to buy Skye Bioscience stock
- Sign up for a brokerage account
- Deposit funds into your investment account
- Evaluate Skye Bioscience stock
- Make your SKYE purchase
- Watch your investment in SKYE
If you need a place to buy stocks, eToro is our favorite option.
Get Started with eToro TodayIf you would like to get updates on your investment in Skye Bioscience, create a watchlist on WallStreetZen today.
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