In last trading session, Cybin Inc (AMEX:CYBN) saw 12.29 million shares changing hands with its beta currently measuring 0. Company’s recent per share price level of $0.42 trading at -$0.02 or -5.08% at ring of the bell on the day assigns it a market valuation of $174.79M. That closing price of CYBN’s stock is at a discount of -76.19% from its 52-week high price of $0.74 and is indicating a premium of 50.0% from its 52-week low price of $0.21. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 13.63 million shares which gives us an average trading volume of 4.94 million if we extend that period to 3-months.
Cybin Inc (AMEX:CYBN) trade information
Upright in the red during last session for losing -5.08%, in the last five days while hitting it’s week-highest on Thursday, 03/14/24 when the stock touched $0.42 price level, adding 11.56% to its value on the day. Cybin Inc’s shares saw a change of 2.44% in year-to-date performance and have moved 0.00% in past 5-day. Cybin Inc (AMEX:CYBN) showed a performance of 13.51% in past 30-days. Number of shares sold short was 9.18 million shares which calculate 2.79 days to cover the short interests.
Cybin Inc (CYBN) estimates and forecasts
Statistics highlight that Cybin Inc is scoring comparatively lower than the scores of other players of the relevant industry. The company lost -4.55% of value to its shares in past 6 months, showing an annual growth rate of -15.79% while that of industry is 12.50. Apart from that, the company came lowering its revenue forecast for fiscal year 2024. The company is estimating its revenue growth to increase by 42.90% in the current quarter and calculating 85.70% increase in the next quarter.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -68.39% during past 5 years.
CYBN Dividends
Cybin Inc is more likely to be releasing its next quarterly report in April and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.
Cybin Inc (AMEX:CYBN)’s Major holders
Insiders are in possession of 12.32% of company’s total shares while institution are holding 14.48 percent of that, with stock having share float percentage of 16.51%. Investors also watch the number of corporate investors in a company very closely, which is 14.48% institutions for Cybin Inc that are currently holding shares of the company. AdvisorShares Investments, LLC is the top institutional holder at CYBN for having 2.16 million shares of worth $0.82 million. And as of Jun 29, 2023, it was holding 0.84% of the company’s outstanding shares.
The second largest institutional holder is Simplify Asset Management, Inc., which was holding about 0.5 million shares on Jun 29, 2023. The number of shares represents firm’s hold over 0.19% of outstanding shares, having a total worth of $0.19 million.
On the other hand, AdvisorShares Trust-AdvisorShares Psychedelics ETF and Simplify Exchange Traded Fds-Simplify Propel Opportunities ETF are the top two Mutual Funds which own company’s shares. As of Sep 29, 2023, the former fund manager was holding 1.95 million shares of worth $1.04 million or 0.76% of the total outstanding shares. The later fund manager was in possession of 0.5 million shares on Jun 29, 2023, making its stake of worth around $0.19 million in the company or a holder of 0.19% of company’s stock.
