Cybin Inc (AMEX:CYBN) shares, rose in value on Thursday, April 16, with the stock price down by -1.34% to the previous day’s close as strong demand from buyers drove the stock to $7.35.
Actively observing the price movement in the last trading, the stock closed the session at $7.45, falling within a range of $7.18 and $7.76. The value of beta (5-year monthly) was 1.089. Referring to stock’s 52-week performance, its high was $14.44, and the low was $4.81. On the whole, CYBN has fluctuated by -2.26% over the past month.
With the market capitalization of Cybin Inc currently standing at about $154.64 million, investors are eagerly awaiting this quarter’s results, scheduled for on 2025-Feb-09.
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 50% Sell 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 price of CYBN currently trading nearly 12.11% and -3.15% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 55.26, while the 7-day volatility ratio is showing 11.28% which for the 30-day chart, stands at 8.74%. Furthermore, Cybin Inc (CYBN)’s average true range (ATR) is 0.62.
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 -1.34% in last session, and over the past year, it shrunk by -49.05%%.
Data on historical trading for Cybin Inc (AMEX:CYBN) indicates that the trading volumes over the past 10 days have averaged 0.39 and over the past 3 months, they’ve averaged 292.20K. According to company’s latest data on outstanding shares, there are 19.99 million shares outstanding.
Nearly 11.22% of Cybin Inc’s shares belong to company insiders and institutional investors own 29.43% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 1.11 million shares as on 2025-03-31, resulting in a short ratio of 6.34. The stock has fallen by -16.67% 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.
