With over 5.56 million Cybin Inc (CYBN) shares trading Tuesday and a closing price of $0.43 on the day, the dollar volume was approximately $2.39 million. The shares have shown a positive half year performance of 72.28% and its price on 12/05/23 lost nearly -2.86%. Currently, there are 411.22M common shares owned by the public and among those 301.55M shares have been available to trade.
An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 5 analysts who have offered their price forecasts for CYBN have a consensus price objective of $5.13. The analysts have set the share’s price value over the next 12 months at a high of $6.00 and a low of $4.50. The average price target is 91.6% above its recent price level and an upside to the estimated low will see the stock gain 90.44% over that period. But an upside of 92.83% will see the stock hit the forecast high price target while median target price for the stock is $5.00.
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The top 3 mutual fund holders in Cybin Inc are Horizons Psychedelic Stock Index, AdvisorShares Psychedelics ETF, and Investitori America. Horizons Psychedelic Stock Index owns 2.66 million shares of the company’s stock, all valued at over $1.72 million. The company bought an additional 0.14 million shares recently to bring their total holdings to about 1.12% of the shares outstanding. Investitori America now owns shares totaling to 0.22% of the shares outstanding.
Shares of Cybin Inc (AMEX: CYBN) opened at $0.44, down -$0.01 from a prior closing price of $0.45. However, the script later moved the day high at 0.4420, down -2.86%. The company’s stock has a 5-day price change of -14.47% and 38.82% over the past three months. CYBN shares are trading 46.25% year to date (YTD), with the 12-month market performance up to 21.74% higher. It has a 12-month low price of $0.21 and touched a high of $0.74 over the same period. CYBN has an average intraday trading volume of 5.33 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -8.73%, -17.37%, and 8.13% respectively.
Institutional ownership of Cybin Inc (AMEX: CYBN) shares accounts for 6.53% of the company’s 411.22M shares outstanding. Mutual fund holders own –, while other institutional holders and individual stakeholders account for — and — respectively.
It has a market capitalization of $178.68M. The earnings-per-share (ttm) stands at -$0.18. Price movements for the stock have been influenced by the stock’s volatility, which stands at 9.81% over the week and 8.54% over the month.
Analysts forecast that Cybin Inc (CYBN) will achieve an EPS of -$0.04 for the current quarter, -$0.04 for the next quarter and -$0.19 for 2025. The lowest estimate earnings-per-share for the quarter is -$0.05 while analysts give the company a high EPS estimate of -$0.03. Comparatively, EPS for the current quarter was -$0.06 a year ago. Earnings per share for the fiscal year are expected to increase by 28.26%, and 22.98% over the next financial year.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 5 brokerage firm advisors rate Cybin Inc (CYBN) as a “Strong Buy” at a consensus score of 1.00. Specifically, 5 Wall Street analysts polled rate the stock as a buy, while 0 of the 5 advise that investors “hold,” and 0 rated it as a “Sell.”
