Cybin Inc (AMEX:CYBN) traded at $0.45 at close of the session on Monday, March 18, made a downward move of -2.17% on its previous day’s price.
Looking at the stock we see that its previous close was $0.46 and the beta (5Y monthly) reads 0.93 . In terms of its 52-week price range, CYBN has a high of $0.74 and a low of $0.21. The company’s stock has gained about 32.35% over that past 30 days.
Cybin Inc has a market cap of $187.27 million. Estimates by analysts give the company expected earnings per share (EPS) of -$0.04, with the EPS growth for the year raised at -$0.26 for 2024 and -$0.15 for next year.
There have been 1 upward and no downward revisions for the stock’s EPS in last 7 days, something that reflects the nature of company’s price movement in short term. On the other hand, looking at the outlook for the CYBN stock, short term indicators assign the stock an average of Hold, while medium term indicators assign it an average of 50% Sell. Long term indicators on average place the stock in the category of 100% Buy.
Looking further, we note the current price level is 20.52% off its SMA20 and 21.17% from its 50-day simple moving average. The RSI (14) is pointing at 65.38 while the volatility over the past week is 15.92% and jumps to 9.45% over the past one month.
Coming back to Cybin Inc (AMEX:CYBN), we note that the average 3-month trading volume was 4.81 million, while that of the preceding 10-day period stands at 12.42 million. Current shares outstanding are 416.16 million.
The insiders hold 16.36% of the company’s shares while institutions hold 14.55%. The data shows that short shares as of Feb 29, 2024, stood at 9.18 million at a short ratio of 2.79. This represents a 2.27% short interest in shares outstanding on Feb 29, 2024. Shares short fall in February from the previous month at 10.05 million. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock 9.76% up in year-to-date price movement.
