Cybin Inc (CYBN): What Are The Positives?

Cybin Inc (AMEX:CYBN) has seen 0.83 million shares traded in the recent trading session. The CYBN stock price is -196.0% off its 52-week high price of $0.74 and 8.0% above the 52-week low of $0.23. If we look at the company’s 10-day average daily trading volume, we find that it stood at 7.27 million shares traded. The 3-month trading volume is 5.53 million shares.

The consensus among analysts is that Cybin Inc (CYBN) is Buy stock at the moment, with a recommendation rating of 1.00. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 0 out of 1 have rated it as a Hold, with 1 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is -0.03.

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Cybin Inc (AMEX:CYBN) trade information

Sporting -2.55% in the red today, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the CYBN stock price touched $0.25 or saw a rise of 6.68%. Year-to-date, Cybin Inc shares have moved -39.39%, while the 5-day performance has seen it change -6.79%. Over the past 30 days, the shares of Cybin Inc (AMEX:CYBN) have changed -7.96%. Short interest in the company has seen 14.9 million shares shorted with days to cover at 2.78.

Cybin Inc (CYBN) estimates and forecasts

Figures show that Cybin Inc shares have outperformed across the wider relevant industry. The company’s shares have lost -24.70% over the past 6 months, with this year growth rate of 57.89%, compared to 18.00% for the industry.

If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -69.17% over the past 5 years.

CYBN Dividends

Cybin Inc is expected to release its next earnings report on 2024-Aug-08 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.

Cybin Inc (AMEX:CYBN)’s Major holders

Insiders own 6.92% of the company shares, while shares held by institutions stand at 38.39% with a share float percentage of 41.24%. Investors are also buoyed by the number of investors in a company, with Cybin Inc having a total of 105.0 institutions that hold shares in the company. The top two institutional holders are DEEP TRACK CAPITAL, LP with over 58.14 million shares worth more than $15.76 million. As of 2024-06-30, DEEP TRACK CAPITAL, LP held 7.6494% of shares outstanding.

The other major institutional holder is RA CAPITAL MANAGEMENT, L.P., with the holding of over 44.0 million shares as of 2024-06-30. The firm’s total holdings are worth over $11.93 million and represent 5.7897% of shares outstanding.