Cybin Inc (AMEX: CYBN) is -21.15% 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 $7.38 in the last trading session, with the day’s gains setting it 0.56%.
Currently trading at $7.94, the stock is -3.89% and 4.81% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.44 million and changing 7.59% at the moment leaves the stock -8.93% off its SMA200. CYBN registered -9.98% loss for a year compared to 6-month loss of -11.78%.
The stock witnessed a -4.57% gain in the last 1 month and extending the period to 3 months gives it a 26.84%, and is -7.46% 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 10.89% over the week and 7.97% over the month.
Distance from 52-week low is 65.07% and -42.80% from its 52-week high. The company has generated returns on investments over the last 12 months (-49.52%).
The EPS is expected to grow by 17.11% this year
The shares outstanding are 21.60M, and float is at 20.39M with Short Float at 5.13%.
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.
