Stablecoin Development Corporation (SDEV)
XASE:SDEV
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Stablecoin Development Corp
(NYSE MKT:SDEV)
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Rating:48Neutral
Price Target:
$1.00
▼(-66.10% Downside)
Action:Reiterated
Date:05/20/26
The score is held down mainly by weak and volatile fundamentals—persistently negative operating profitability and ongoing cash burn—despite a stronger current balance-sheet snapshot and low absolute debt. Technicals remain unfavorable given the large gap versus long-term moving averages and a negative MACD. Valuation looks optically very cheap on P/E, but the earnings quality concerns limit how much that supports the overall score.
Positive Factors
Large SKY Holdings & Governance Influence
The company’s accumulation of multi‑billion SKY token holdings establishes a durable strategic position in the Sky Protocol ecosystem. Large, concentrated holdings create lasting governance influence and optionality (staking, protocol incentives, asset appreciation), strengthening its balance sheet and strategic leverage over months.
Negative Factors
Persistent Negative Operating Cash Flow
Sustained negative operating and free cash flow materially weaken financial flexibility and increase reliance on external financing or asset monetization. Over a 2–6 month horizon this constrains reinvestment, elevates liquidity risk, and may force dilutive capital actions or asset sales if staking yields don't scale quickly.
Read all positive and negative factors
Positive Factors
Negative Factors
Large SKY Holdings & Governance Influence
The company’s accumulation of multi‑billion SKY token holdings establishes a durable strategic position in the Sky Protocol ecosystem. Large, concentrated holdings create lasting governance influence and optionality (staking, protocol incentives, asset appreciation), strengthening its balance sheet and strategic leverage over months.
Read all positive factors
Stablecoin Development Corp (SDEV) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$31.18M
Dividend YieldN/A
Average Volume (3M)306.47K
Price to Earnings (P/E)<0.1
Beta (1Y)1.81
Revenue Growth-74.73%
EPS Growth95.81%
CountryUS
Employees4
SectorFinancial
Sector Strength70
IndustryMedical - Pharmaceuticals
Share Statistics
EPS (TTM)18.83
Shares Outstanding27,115,646
10 Day Avg. Volume695,975
30 Day Avg. Volume306,470
Financial Highlights & Ratios
PEG Ratio>-0.01
Price to Book (P/B)-0.32
Price to Sales (P/S)0.00
P/FCF Ratio-0.86
Enterprise Value/Market Cap0.52
Enterprise Value/Revenue6.55
Enterprise Value/Gross Profit-189.72
Enterprise Value/Ebitda-3.11
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)-1.9
Revenue Forecast (FY)$15.80M
Stablecoin Development Corp Business Overview & Revenue Model
Company Description
Stablecoin Development Corp. engages in the development and sales of scientifically-created and clinically-proven eyecare and skincare. Its products include Avenova, NeutroPhase and DERMAdoctor. The company was founded on January 19, 2000 and is h...
How the Company Makes Money
NovaBay has historically generated revenue primarily from product sales of Avenova and related eye-care offerings. The company’s revenue model is centered on (1) selling finished goods through commercial channels (including direct-to-consumer and ...
Stablecoin Development Corp Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
52
Neutral
Cash Flow
16
Very Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 2.46M | 0.00 | 0.00 | 10.46M | 14.40M | 10.20M |
| Gross Profit | -85.00K | -140.00K | -341.00K | 6.08M | 7.78M | 6.51M |
| EBITDA | -5.18M | -7.45M | -7.04M | -3.75M | -7.20M | -8.74M |
| Net Income | 522.59M | -641.98M | -7.22M | -6.14M | -10.61M | -5.82M |
Balance Sheet | ||||||
| Total Assets | 179.74M | 10.65M | 45.91M | 50.42M | 16.40M | 23.98M |
| Cash, Cash Equivalents and Short-Term Investments | 18.41M | 7.96M | 430.00K | 2.92M | 5.36M | 7.50M |
| Total Debt | 637.00K | 776.00K | 1.67M | 2.61M | 2.04M | 551.00K |
| Total Liabilities | 40.92M | 33.47M | 46.03M | 47.10M | 5.84M | 13.81M |
| Stockholders Equity | 138.82M | -22.83M | -129.00K | 3.31M | 10.55M | 10.17M |
Cash Flow | ||||||
| Free Cash Flow | -8.91M | -8.43M | -7.50M | -4.28M | -6.77M | -9.24M |
| Operating Cash Flow | -8.91M | -8.43M | -7.50M | -4.26M | -6.65M | -9.19M |
| Investing Cash Flow | -25.92M | 0.00 | 0.00 | -19.00K | -112.00K | -12.04M |
| Financing Cash Flow | 44.66M | 4.62M | 1.50M | 1.91M | 4.63M | 16.79M |
Stablecoin Development Corp Technical Analysis
Negative
2.95
Price Trends
1.49
Negative
8.01
Negative
8.78
Negative
Market Momentum
-0.12
Positive
34.12
Neutral
9.59
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SDEV, the sentiment is Negative. The current price of 2.95 is above the 20-day moving average (MA) of 1.49, above the 50-day MA of 1.49, and below the 200-day MA of 8.78, indicating a bearish trend. The MACD of -0.12 indicates Positive momentum. The RSI at 34.12 is Neutral, neither overbought nor oversold. The STOCH value of 9.59 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SDEV.
Stablecoin Development Corp Risk Analysis
Stablecoin Development Corp disclosed 54 risk factors in its most recent earnings report. Stablecoin Development Corp reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Stablecoin Development Corp Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
53 Neutral | $31.28M | -3.20 | -77.90% | ― | 127.03% | 87.33% | |
48 Neutral | $31.18M | 0.06 | 1715.13% | ― | -74.73% | 95.81% | |
42 Neutral | $1.94M | -0.05 | 764.53% | ― | 155.96% | 87.56% | |
42 Neutral | $3.91M | -0.33 | -212.63% | ― | 66.12% | 91.75% | |
40 Underperform | $11.10M | -0.69 | -246.04% | ― | ― | 54.48% |
* Financial Sector Average
SDEV
Stablecoin Development Corp
1.15
-0.82
-41.71%
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0.75
-1.15
-60.63%
JAGX
Jaguar Animal Health
3.22
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EVAX
Evaxion Biotech
3.75
0.97
34.89%
SPRC
SciSparc Ltd.
8.73
-48.54
-84.76%
SXTP
60 Degrees Pharmaceuticals, Inc.
1.47
-9.97
-87.15%
Stablecoin Development Corp Corporate Events
Business Operations and StrategyFinancial Disclosures
Stablecoin Development Posts Strong Q1 Turnaround, Expands SKY Holdings
Positive
May 20, 2026
Stablecoin Development Corporation, an on-chain holding company listed on NYSE American under the ticker SDEV, concentrates on the stablecoin economy through large-scale holdings and staking of SKY, the governance token of the Sky Protocol ecosyst...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.