
SKYE Stock Forecast & Price Target
SKYE Analyst Ratings
Bulls say
Skye Bioscience Inc. demonstrates a positive outlook due to the potential expansion of its Phase 2 clinical candidate, nimacimab, into the treatment of metabolic liver disease, supported by improvements in liver biomarkers and tolerability compared to existing treatments like GLP-1s. The anticipated reductions in liver fat and enhancements in insulin sensitivity are expected to provide encouraging data that may further validate the therapeutic efficacy of nimacimab. Additionally, the company's focus on developing innovative treatments for metabolic disorders and related conditions positions it favorably within the pharmaceutical landscape.
Bears say
Skye Bioscience has consistently incurred operating losses since its inception, leading to concerns that the company may not achieve profitability for several years. The potential for negative outcomes in Phase 2 clinical trials, specifically relating to efficacy and safety concerns regarding nimacimab, raises the risk of the drug being deemed non-viable for treating obesity, which could significantly impact the stock's value. Additionally, there are notable translational gaps in the safety and tolerability of CB1 antagonists, particularly due to their extensive central nervous system penetration, further contributing to the negative outlook on the company’s future financial performance.
This aggregate rating is based on analysts' research of Skye Bioscience, Inc. and is not a guaranteed prediction by Public.com or investment advice.
SKYE Analyst Forecast & Price Prediction
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