Explore the SKYE stock forecast for 2025, 2030, 2040, 2050, and 2060. This comprehensive analysis includes Skye Bioscience Inc.’s price predictions, average price targets, and a detailed prognosis of SKYE stock prices.
Key Takeaways: Our analysts project a 12-month target price for Skye Bioscience, Inc. Common Stock, forecasting a rise from $12.06 to $13.00 by May 30, 2024, with an average price prediction of $12.50. The company expects the share price to gain 0.84%, reaching $13.00 within the next year.
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Table of Contents
Skye Bioscience (SKYE) Company outlook
Skye Bioscience, Inc. is a forward-thinking entity within the biotechnology industry, focusing on the endocannabinoid system to develop breakthrough treatments for diseases related to metabolism, inflammation, fibrosis, and neurodegeneration. With promising products like nimacimab and SBI-100 Ophthalmic Emulsion, Skye Bioscience is positioned at the cutting edge of biopharmaceutical innovation.
Company Profile
| Company Name | Skye Bioscience, Inc. |
|---|---|
| Sector | Health Care/Life Sciences |
| Industry | Biotechnology |
| Stock Symbol (Trade) | SKYE (NASDAQ) |
| CHAIRMAN & CHIEF EXECUTIVE | Punit S Dhillon |
| Founded | March 16, 2011 |
| Location | San Diego, CA |
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Skye Bioscience, Inc. Financial Analysis
| Metric | Value (Mar 2024) | Year-over-Year Change (Y/Y) |
|---|---|---|
| Revenue | N/A | N/A |
| Net Income | -$5.02 million | 2.86% improvement |
| Diluted EPS | -$0.18 | 92.8% improvement |
| Net Profit Margin | N/A | N/A |
Skye Bioscience, Inc. Fundamental Analysis
| Previous Close | $11.96 |
| Open | $11.88 |
| Day’s Range | $11.56 – $12.08 |
| 52 Week Range | $1.44 – $19.41 |
| Volume | 42,933 |
| Avg. Volume | 50,661 |
| 1 Year Target Estimate | $22.00 |
| Market Cap (Intraday) | $338.499 million |
| Beta (5Y Monthly) | 1.75 |
| PE Ratio (TTM) | N/A |
| EPS (TTM) | -$5.37 |
| Earnings Date | Aug 7, 2024 – Aug 11, 2024 |
| Forward Dividend & Yield | N/A |
| Ex-Dividend Date | N/A |
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Skye Bioscience, Inc. (SKYE) STOCK PRICE TARGETS
Based on current analyst estimates, Skye Bioscience Inc. (SKYE) stock has a high price target of $24.00, a median of $20.00, a low of $19.00, and an average target of $21.00, compared to its current price of $11.96.
| SKYE Stock Price Targets | Price |
|---|---|
| High | $24.00 |
| Average | $21.00 |
| Low | $19.00 |
| Median | $20.00 |
Skye Bioscience, Inc. (SKYE) Historical Chart by Trading View
Long-term SKYE Stock Price Forecast for 2025, 2030, 2035, 2040, 2045, 2050, and 2060
According to our latest long-term Skye Bioscience, Inc. Common Stock (SKYE), Stock Price Prediction forecasts for SKYE will reach $15.75 in 2024, hit $32.75 by the end of 2025, $52 by 2030, $63 by 2035, $850 by 2040, $97 by 2045, $120 by 2050, and $150 by 2060.
| Year | Prediction | Chnage |
|---|---|---|
| 2024 | $15.75 | 26.0% |
| 2025 | $32.75 | 162.0% |
| 2030 | $52.00 | 316.0% |
| 2035 | $63.00 | 404.0% |
| 2040 | $85.00 | 670.0% |
| 2045 | $97.00 | 676.0% |
| 2050 | $120.00 | 860.0% |
| 2060 | $150.00 | 1100.0% |
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SKYE Stock Forecast 2024
Analysts estimate that Skye Bioscience, Inc. (SKYE) share price could reach $12.95 by May 25, 2025. The average Skye Bioscience stock forecast predicts a potential upside of 26% from the current SKYE share price of $12.06. Recently, Skye Bioscience, Inc. stock opened at $12.06, based on a 14-day average.
SKYE Stock Forecast 2025
By the end of 2025, Skye Bioscience, Inc. (SKYE) stock is expected to reach an average price target of $30.50, with a high prediction of $32.75 and a low forecast of $14.60. This represents a potential gain of 162.0% from the current share price of $12.06.
SKYE Stock Forecast 2030
Skye Bioscience, Inc. (SKYE) stock is expected to grow 316.0% to reach an average price of $49 with a high prediction of $52 and a low forecast of $36.25 in 2030 from its current price. This SKYE Stock Forecast will Good Investment Opportunity for investors according to our analysis.
SKYE Stock Forecast 2035
By 2035, SKYE stock is expected to achieve a record high of $78.79 per share, with a high prediction of $72.79 and a low estimate of 404.0%, representing a significant growth from the current price.
SKYE Stock Forecast 2040
By 2040, Skye Bioscience, Inc. Common Stock quote (SKYE) stock price forecast is projected to grow 670.0% to reach an average price target of $79 with a high prediction of $85 and a low estimate of $46.25 from its current price.
SKYE Stock Forecast 2050
In 2050, SKYE stock is expected to reach an average price target of $100, with a high prediction of $120.00 and a low estimate of $81.81, forecasting an 860.0% increase from its current price.
SKYE Stock Forecast 2060
By 2060, SKYE stock is projected to reach $140 per share, with a high forecast of $150.00 and a low estimate of $101.81, indicating an 1100.0% upside potential.
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Is Skye a good stock to Buy?
As of May 27, 2024, SKYE stock is priced at $12.06. Based on our long-term forecasts, the stock price is expected to rise significantly, reaching $78.79 by May 18, 2029, representing a potential increase of approximately 553.34% over five years. A $100 investment today could grow to approximately $653.34 by 2029, suggesting a promising long-term investment opportunity.
Conclusion
Skye Bioscience, Inc. is well-positioned for substantial growth, driven by innovative treatments and a solid financial outlook. With significant increases in stock value forecasted up to 2060, SKYE offers a compelling opportunity for long-term investors.
What is the price target for Skye Bioscience, Inc.?
Based on short-term price targets offered by three analysts, the average price target for Skye Bioscience, Inc. reaches $12.95. The Skye stock rising from a low of $11.96 to a high of $12.06. The average price target represents an increase of 36.00% from the last closing price of $12.07.
What is SKYE Stock Price Prediction for 2025?
Skye stock price prediction 2025 by WalletInvestor suggests Skye Bioscience, Inc. stock price gained 162.0% on the last trading day (Friday, 25th May 2025), rising from $30.00 to $32.06.
Is Skye a good stock to Buy?
Skye Bioscience has a consensus rating of “Buy” with an average score of 3.00, based on 3 buy ratings and no hold or sell ratings, indicating a strong buy recommendation.
Disclaimer: Stock forecasts and earnings estimates are subject to market volatility and should be considered speculative projections. Investors should conduct their research and consult with financial advisors before making investment decisions.
Ashish Dwivedi is the founder and chief editor of MoneyMystica, a top resource for finance, insurance, and share market insights. Driven by a passion for empowering individuals to make informed financial decisions, Ashish uses his extensive knowledge and practical experience to offer clear and actionable advice.
