Cybin Inc. (AMEX: CYBN) is -2.42% lower on its value in year-to-date trading and has touched a low of $0.26 and a high of $1.14 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The CYBN stock was last observed hovering at around $0.30 in the last trading session, with the day’s loss setting it -0.01% off its average median price target of $4.25 for the next 12 months. It is also 97.1% off the consensus price target high of $10.00 offered by 6 analysts, but current levels are 74.11% higher than the price target low of $1.12 for the same period.
Currently trading at $0.29, the stock is -7.21% and -18.05% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.45 million and changing -2.88% at the moment leaves the stock -40.14% off its SMA200. CYBN registered -57.37% loss for a year compared to 6-month loss of -27.54%. The firm has a 200-day simple moving average (SMA200) of -$0.92.
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The stock witnessed a -12.15% gain in the last 1 month and extending the period to 3 months gives it a -39.02%, and is -4.01% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 10.02% over the week and 9.35% over the month.
Distance from 52-week low is 9.44% and -74.57% from its 52-week high.
Cybin Inc. (CYBN) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Cybin Inc. (CYBN) is a “Buy”. 6 analysts offering their recommendations for the stock have an average rating of 1.70, where 0 rate it as a Hold and 0 think it is a “Overweight”. 6 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
Cybin Inc. is expected to release its quarterly report on 08/08/2023.The EPS is expected to shrink by -25.50% this year
Cybin Inc. (CYBN) Top Institutional Holders
The shares outstanding are 188.89M, and float is at 147.76M with Short Float at 2.00%.
Cybin Inc. (CYBN) Insider Activity
A total of 4 insider transactions have happened at Cybin Inc. (CYBN) in the last six months, with sales accounting for 0 and purchases happening 4 times.