Cybin Inc (AMEX: CYBN) – Not A Clear Buying Opportunity?

Cybin Inc (CYBN) concluded trading on December 20, 2023 at a closing price of $0.39, with 4.26 million shares of worth about $1.66 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 28.08% during that period and On Wednesday the price saw a loss of about -2.48%. Currently the company’s common shares owned by public are about 411.22M shares, out of which, 344.90M shares are available for trading.

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 $1.2 million. The company recently came buying 0.14 million shares which brought its stake up to 0.66% of the company’s outstanding shares. Investitori America, after buying 0.53 million shares, have now control over 0.13% of the stake in the company. It holds 0.0 shares of worth $0.24 million.

3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free
Sponsored

However, the stock later moved at a day high price of 0.4050, or with a loss of -2.48%. Stock saw a price change of -0.13% in past 5 days and over the past one month there was a price change of -13.62%. Year-to-date (YTD), CYBN shares are showing a performance of 31.27% which increased to 33.11% 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 4.87 million. The stock is currently trading -10.89% below its 20-day simple moving average (SMA20), while that difference is down -21.05% for SMA50 and it goes to -2.00% 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 $160.38M. 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 6.64% while standing at 7.21% 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.

Most Popular

Related Posts