Cybin Inc (AMEX: CYBN) Metrics That Matter Right Now

Cybin Inc (AMEX:CYBN) shares, rose in value, with the stock price up by 10.37% to the previous day’s close as strong demand from buyers drove the stock to $0.46.

Actively observing the price movement in the last trading, the stock closed the session at $0.42. The value of beta (5-year monthly) was 0.93. Referring to stock’s 52-week performance, its high was $0.74, and the low was $0.21. On the whole, CYBN has fluctuated by 40.33% over the past month.

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As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be -$0.04, which is expected to increase to -$0.01 for fiscal year -$0.26 and then to about -$0.15 by fiscal year 2025.

Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that CYBN’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium term indicators have put the stock in the category of 50% Sell while long term indicators on average have been pointing out that it is a 50% Buy.

The stock’s technical analysis shows that the PEG ratio is about 0, with the price of CYBN currently trading nearly 12.57% and 22.60% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 64.10, while the 7-day volatility ratio is showing 6.78% which for the 30-day chart, stands at 9.43%. Furthermore, Cybin Inc (CYBN)’s average true range (ATR) is 0.03.

A comparison of Cybin Inc (CYBN) with its peers suggests the former has fared considerably weaker in the market. CYBN showed an intraday change of 10.37% in last session, and over the past year, it grew by 20.29%%.

Data on historical trading for Cybin Inc (AMEX:CYBN) indicates that the trading volumes over the past 10 days have averaged 6.21 million and over the past 3 months, they’ve averaged 5.35 million. According to company’s latest data on outstanding shares, there are 416.16 million shares outstanding.

Nearly 16.36% of Cybin Inc’s shares belong to company insiders and institutional investors own 41.79% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 9.35 million shares as on Mar 15, 2024, resulting in a short ratio of 3.14. According to the data, the short interest in Cybin Inc (CYBN) stood at 5.61% of shares outstanding as of Mar 15, 2024; the number of short shares registered in Feb 15, 2024 reached 9.18 million. The stock has risen by 12.95% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the CYBN stock heading into the next quarter.