Cybin Inc (AMEX: CYBN) is -2.68% lower on its value in year-to-date trading and has touched a low of $0.21 and a high of $0.74 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 $0.39 in the last trading session, with the day’s gains setting it 0.01%.
Currently trading at $0.40, the stock is 13.27% and 8.26% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 5.09 million and changing 2.18% at the moment leaves the stock -0.43% off its SMA200. CYBN registered -2.68% loss for a year compared to 6-month gain of 20.91%. The firm has a 200-day simple moving average (SMA200) of -$1.98.
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The stock witnessed a 20.18% loss in the last 1 month and extending the period to 3 months gives it a -3.86%, and is 20.91% up 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 8.43% over the week and 7.26% over the month.
Distance from 52-week low is 90.00% and -45.93% from its 52-week high. The company has generated returns on investments over the last 12 months (-56.64%).
Cybin Inc quarterly earnings per share for the current quarter are estimated at -$0.04.The EPS is expected to grow by 12.46% this year.
Cybin Inc (CYBN) Top Institutional Holders
91 institutions hold shares in Cybin Inc (CYBN), with institutional investors hold 16.51% of the company’s shares. The shares outstanding are 416.16M, and float is at 348.10M with Short Float at 2.64%. Institutions hold 14.48% of the Float.
The top institutional shareholder in the company is AdvisorShares Investments, LLC with over 2.16 million shares valued at $0.82 million. The investor’s holdings represent 0.84% of the CYBN Shares outstanding. As of Jun 29, 2023, the second largest holder is Simplify Asset Management, Inc. with 0.5 million shares valued at $0.19 million to account for 0.19% of the shares outstanding. The other top investors are InterOcean Capital Group, LLC which holds 100000.0 shares representing 0.04% and valued at over $37800.0, while Cerity Partners LLC holds 0.03% of the shares totaling 69500.0 with a market value of $26271.0.
