Cybin Inc (AMEX:CYBN) 7.91% Up Over A Week, Can The Stock Hit Well Above $0.79?

In last trading session, Cybin Inc (AMEX:CYBN) saw 0.53 million shares changing hands with its beta currently measuring 0. Company’s recent per share price level of $10.78 trading at -$0.62 or -5.44% at ring of the bell on the day assigns it a market valuation of $3.56M. That closing price of CYBN’s stock is at a discount of -100.93% from its 52-week high price of $21.66 and is indicating a premium of 39.7% from its 52-week low price of $6.50. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.13 million shares which gives us an average trading volume of 189.35K if we extend that period to 3-months.

For Cybin Inc (CYBN), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.00. Splitting up the data highlights that, out of 1 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 0 suggested the stock as a Hold whereas 1 see the stock as a Buy. 0 analyst(s) advised it as an Underweight.

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Cybin Inc (AMEX:CYBN) trade information

Upright in the red during last session for losing -5.44%, in the last five days CYBN remained trading in the green while hitting it’s week-highest on Friday, 11/08/24 when the stock touched $10.78 price level, adding 10.17% to its value on the day. Cybin Inc’s shares saw a change of -30.81% in year-to-date performance and have moved 7.91% in past 5-day. Cybin Inc (AMEX:CYBN) showed a performance of 11.83% in past 30-days. Number of shares sold short was 0.66 million shares which calculate 2.62 days to cover the short interests.

Cybin Inc (CYBN) estimates and forecasts

Statistics highlight that Cybin Inc is scoring comparatively higher than the scores of other players of the relevant industry. The company lost -21.74% of value to its shares in past 6 months, showing an annual growth rate of 53.32% while that of industry is 16.60. Apart from that, the company came raising its revenue forecast for fiscal year 2024.

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 -69.33% during past 5 years.

Cybin Inc (AMEX:CYBN)’s Major holders

Insiders are in possession of 6.35% of company’s total shares while institution are holding 42.15 percent of that, with stock having share float percentage of 45.01%. Investors also watch the number of corporate investors in a company very closely, which is 42.15% institutions for Cybin Inc that are currently holding shares of the company. DEEP TRACK CAPITAL, LP is the top institutional holder at CYBN for having 58.14 million shares of worth $15.76 million. And as of 2024-06-30, it was holding 7.6494 of the company’s outstanding shares.

The second largest institutional holder is RA CAPITAL MANAGEMENT, L.P., which was holding about 44.0 million shares on 2024-06-30. The number of shares represents firm’s hold over 5.7897 of outstanding shares, having a total worth of $11.93 million.