Now Is The Time To Build A Position In Cybin Inc (AMEX:CYBN)

Cybin Inc (AMEX:CYBN)’s traded shares stood at 0.57 million during the last session. At the last check today, the stock’s price was $12.74, to imply an increase of 15.82% or $1.74 in intraday trading. The CYBN share’s 52-week high remains $21.66, putting it -70.02% down since that peak but still an impressive 48.98% since price per share fell to its 52-week low of $6.50. The company has a valuation of $2.28M, with an average of 0.34 million shares in intraday trading volume over the past 10 days and average of 220.98K shares over the past 3 months.

Analysts have given a consensus recommendation of Buy for Cybin Inc (CYBN), translating to a mean rating of 1.00. Of 1 analyst(s) looking at the stock, 0 analyst(s) give CYBN a Sell rating. 0 of those analysts rate the stock as Overweight while 0 advise Hold as 1 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at -1.02.

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Cybin Inc (AMEX:CYBN) trade information

After registering a 15.82% upside in the latest session, Cybin Inc (CYBN) has traded red over the past five days. The 5-day price performance for the stock is 18.18%, and 21.91% over 30 days. With these gigs, the year-to-date price performance is -18.23%. Short interest in Cybin Inc (AMEX:CYBN) saw shorts transact 0.61 million shares and set a 4.07 days time to cover.

Cybin Inc (CYBN) estimates and forecasts

Looking at statistics comparing Cybin Inc share performance against respective industry, we note that the company has outperformed competitors. Cybin Inc (CYBN) shares are -4.21% down over the last 6 months, with its year-to-date growth rate higher than industry average at 53.32% against 17.70%. Revenue is forecast to grow 70.03% this quarter before falling -36.18% for the next one.

CYBN Dividends

Cybin Inc has its next earnings report out on 2024-Nov-13. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.

Cybin Inc (AMEX:CYBN)’s Major holders

Cybin Inc insiders hold 6.35% of total outstanding shares, with institutional holders owning 36.61% of the shares at 39.09% float percentage. In total, 36.61% institutions holds shares in the company, led by DEEP TRACK CAPITAL, LP. As of 2024-06-30, the company held over 58.14 million shares (or 7.6494% of shares), all amounting to roughly $15.76 million.

The next major institution holding the largest number of shares is RA CAPITAL MANAGEMENT, L.P. with 44.0 million shares, or about 5.7897% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $11.93 million.