Cybin Inc (AMEX: CYBN) is -10.43% lower on its value in year-to-date trading and has touched a low of $4.81 and a high of $13.88 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 $7.71 in the last trading session, with the day’s gains setting it 0.19%.
Currently trading at $7.90, the stock is -3.48% and 8.06% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.21 million and changing 2.46% at the moment leaves the stock -9.50% off its SMA200. CYBN registered -28.11% loss for a year compared to 6-month loss of -19.22%.
The stock witnessed a 5.33% gain in the last 1 month and extending the period to 3 months gives it a 5.05%, and is -9.30% 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 3.15% over the week and 3.92% over the month.
Distance from 52-week low is 64.24% and -43.08% from its 52-week high. The company has generated returns on investments over the last 12 months (-45.58%).
The EPS is expected to shrink by -1825.29% this year
The shares outstanding are 19.99M, and float is at 18.62M with Short Float at 5.77%.
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 298.0445 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 225.5829 of the shares outstanding. The other top investors are LOGOS GLOBAL MANAGEMENT LP which holds 40.0 million shares representing 205.0546 and valued at over $10.84 million, while AVIDITY PARTNERS MANAGEMENT LP holds 178.8281 of the shares totaling 34.88 million with a market value of $9.45 million.
