Cybin Inc (CYBN) Stock Could Soon Reward Patient Investors

Cybin Inc (AMEX: CYBN) is -51.22% lower on its value in year-to-date trading and has touched a low of $0.17 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 $0.20 in the last trading session, with the day’s loss setting it 0.0%.

Currently trading at $0.20, the stock is -17.15% and -24.58% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.86 million and changing 0.00% at the moment leaves the stock -41.73% off its SMA200. CYBN registered -39.39% loss for a year compared to 6-month loss of -56.52%.

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The stock witnessed a -24.41% gain in the last 1 month and extending the period to 3 months gives it a -30.84%, and is -2.91% 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 9.71% over the week and 8.06% over the month.

Distance from 52-week low is 15.01% and -72.90% from its 52-week high. The company has generated returns on investments over the last 12 months (-28.26%).

The EPS is expected to grow by 48.80% this year.

Cybin Inc (CYBN) Top Institutional Holders

105.0 institutions hold shares in Cybin Inc (CYBN), with institutional investors hold 41.24% of the company’s shares. The shares outstanding are 759.69M, and float is at 695.84M with Short Float at 2.14%. Institutions hold 38.39% of the Float.

The top institutional shareholder in the company is DEEP TRACK CAPITAL, LP with over 58.14 million shares valued at $15.76 million. The investor’s holdings represent 7.6494% of the CYBN Shares outstanding. As of 2024-06-30, the second largest holder is RA CAPITAL MANAGEMENT, L.P. with 44.0 million shares valued at $11.93 million to account for 5.7897 of the shares outstanding. The other top investors are LOGOS GLOBAL MANAGEMENT LP which holds 40.0 million shares representing 5.2628% and valued at over $10.84 million, while AVIDITY PARTNERS MANAGEMENT LP holds 4.5897 of the shares totaling 34.88 million with a market value of $9.45 million.