Cybin Inc (CYBN) concluded trading on 12/13/23 at a closing price of $0.39, with 4.17 million shares of worth about $1.63 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 56.83% during that period and on Wednesday the price saw a loss of about -2.62%. Currently the company’s common shares owned by public are about 411.22M shares, out of which, 344.90M 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: 5 analysts are covering the CYBN stock and their offered price forecasts bring an average price target of $5.13. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $6.00 and could fall to a lowest price of $4.50. The stock’s current price level is 92.38% above of average price target set by the analysts, while a rise to estimated low would result in gain of 91.33% for the stock. However, touching the estimated high of $6.00 would mean a gain of 93.5% for the stock.
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Horizons Psychedelic Stock Index, AdvisorShares Psychedelics ETF, and Investitori America 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 $1.72 million. The company recently came buying 0.14 million shares which brought its stake up to 1.12% of the company’s outstanding shares. Investitori America, after buying 0.53 million shares, have now control over 0.22% of the stake in the company. It holds 0.0 shares of worth $0.34 million.
However, the stock later moved at a day high price of 0.4080, or with a loss of -2.62%. Stock saw a price change of -9.19% in past 5 days and over the past one month there was a price change of -17.27%. Year-to-date (YTD), CYBN shares are showing a performance of 31.44% which increased to 23.19% 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 $0.74 during that period. The average intraday trading volume for Cybin Inc shares is 5.48 million. The stock is currently trading -13.03% below its 20-day simple moving average (SMA20), while that difference is down -23.25% for SMA50 and it goes to -2.27% lower than SMA200.
Cybin Inc (AMEX: CYBN) currently have 411.22M outstanding shares and institutions hold larger chunk of about 6.53% 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 $160.58M. It has posted earnings per share of -$0.18 in the same period. It has Quick Ratio of 2.89 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 5.97% while standing at 7.31% over the month.
Analysts are in expectations that Cybin Inc (CYBN) stock would likely to be making an EPS of -$0.04 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 -$0.05 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 28.26% while it is estimated to increase by 22.98% in next year.
Analysts at 5 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 1.00. Out of those 5 Wall Street analysts, 5 recommended a “Buy” rating, while 0 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.
