Cybin Inc (AMEX:CYBN) shares, rose in value, with the stock price down by -2.54% to the previous day’s close as strong demand from buyers drove the stock to $0.35.
Actively observing the price movement in the last trading, the stock closed the session at $0.35. The value of beta (5-year monthly) was 0.96. 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 -19.38% over the past month.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that CYBN’s technical picture suggests that short-term indicators denote the stock is a Hold on average. However, medium-term indicators have put the stock in the category of 100% Sell while long-term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of CYBN currently trading nearly -12.73% and -11.00% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 36.34, while the 7-day volatility ratio is showing 4.54% which for the 30-day chart, stands at 6.29%. 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 -2.54% in last session, and over the past year, it grew by 4.85%%.
Data on historical trading for Cybin Inc (AMEX:CYBN) indicates that the trading volumes over the past 3 months, they’ve averaged 5.41 million. According to company’s latest data on outstanding shares, there are 760.05 million shares outstanding.
Nearly 15.32% of Cybin Inc’s shares belong to company insiders and institutional investors own 22.92% of the company’s shares. The stock has fallen by -15.61% 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.
