Cybin Inc. (CYBN) concluded trading on 09/14/23 at a closing price of $0.33, with 20.56 million shares of worth about $6.79 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -16.46% during that period and on Thursday the price saw a gain of about 0.12%. Currently the company’s common shares owned by public are about 206.16M shares, out of which, 192.09M shares are available for trading.
A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 6 analysts are covering the CYBN stock and their offered price forecasts bring an average price target of $4.17. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $10.00 and could fall to a lowest price of $0.74. However, touching the estimated high of $10.00 would mean a gain of 96.7% for the stock.
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According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 4 times over the past 12 months. They bought 5,718,574 shares in 4 of the transactions. In 0 selling transactions, insiders dumped 0 shares.
Horizons Psychedelic Stock Index, AdvisorShares Psychedelics ETF, and Simplify Propel Opportunities ETF are the top 3 mutual funds which are holding stakes in Cybin Inc. Horizons Psychedelic Stock Index is currently holding 2.66 million shares of worth totaling $1.06 million. The company recently came buying 0.14 million shares which brought its stake up to 1.28% of the company’s outstanding shares. Simplify Propel Opportunities ETF, after buying 0.5 million shares, have now control over 0.24% of the stake in the company. It holds 0.0 shares of worth $0.2 million.
However, the stock later moved at a day high price of 0.3330, or with a gain of 0.12%. Stock saw a price change of 3.45% in past 5 days and over the past one month there was a price change of 2.17%. Year-to-date (YTD), CYBN shares are showing a performance of 11.07% which decreased to -56.30% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $0.21 but also hit the highest price of $0.77 during that period. The average intraday trading volume for Cybin Inc. shares is 2.63 million. The stock is currently trading 4.26% above its 20-day simple moving average (SMA20), while that difference is down -9.12% for SMA50 and it goes to -9.48% lower than SMA200.
Cybin Inc. (AMEX: CYBN) currently have 206.16M outstanding shares and institutions hold larger chunk of about 5.32% of that. Holding of mutual funds in the company is about — while other institutional holders and individual stake holders have control over — and — of the stake respectively.
The stock has a current market capitalization of $102.10M. It has posted earnings per share of -$0.25 in the same period. It has Quick Ratio of 2.60 while making debt-to-equity ratio of 0.00. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for CYBN, volatility over the week remained 6.75% while standing at 6.20% over the month.
Analysts are in expectations that Cybin Inc. (CYBN) stock would likely to be making an EPS of -$0.05 in the current quarter, while forecast for next quarter EPS is -$0.04 and it is -$0.19 for next year. For the current quarter EPS, analysts have given the company a lowest target -$0.06 which is -$0.03 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of -$0.06 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 36.70% while it is estimated to increase by 9.50% in next year.
Analysts at 6 brokerage firms have issued recommendations for the Cybin Inc. (CYBN)’s stock and average of those rates the stock at a “Strong Buy” and assign it a score of 1.70. Out of those 6 Wall Street analysts, 6 recommended a “Buy” rating, while 0 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.
