In the last trading session, 2.96 million shares of the Cybin Inc (AMEX:CYBN) were traded. Most recently the company’s share price was $10.60, and it changed around -$1.0 or -8.62% from the last close, which brings the market valuation of the company to $1.90M. CYBN currently trades at a discount to its 52-week high of $21.66, offering almost -104.34% off that amount. The share price’s 52-week low was $6.50, which indicates that the current value has risen by an impressive 38.68% since then. We note from Cybin Inc’s average daily trading volume that its 10-day average is 0.56 million shares, with the 3-month average coming to 252.05K.
Cybin Inc stock received a consensus recommendation rating of Buy, based on a mean score of 1.00. If we narrow it down even further, the data shows that 0 out of 6 analysts rate the stock as a Sell; another 1 rate it as Overweight. Among the rest, 0 recommended CYBN as a Hold, whereas 5 deemed it a Buy, and 0 rated it as Underweight. Cybin Inc is expected to report earnings per share of -1.84 for the current quarter.
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Cybin Inc (AMEX:CYBN) trade information
Instantly CYBN has showed a red trend with a performance of -8.62% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of 13.88 on recent trading dayincreased the stock’s daily price by 23.63%. The company’s shares are currently down -31.96% year-to-date, but still down -11.67% over the last five days. On the other hand, Cybin Inc (AMEX:CYBN) is -7.10% down in the 30-day period. We can see from the shorts that 0.61 million shares have been sold at a short interest cover period of 4.07 day(s).
Cybin Inc (CYBN) estimates and forecasts
Cybin Inc share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -20.53 percent over the past six months and at a 53.32% annual growth rate that is well above the industry average of 17.50%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will gain 46.10% in revenue this quarter, and will report a decrease of -109.65% in the next quarter.
Forecasts for the next quarter put sales growth at �.
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -69.33%.
CYBN Dividends
Cybin Inc’s next quarterly earnings report is expected to be released in December.
Cybin Inc (AMEX:CYBN)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 6.35% of Cybin Inc shares, and 36.61% of them are in the hands of institutional investors. The stock currently has a share float of 39.09%. Cybin Inc stock is held by 59.0 institutions, with DEEP TRACK CAPITAL, LP being the largest institutional investor. By 2024-06-30, it held 7.6494% of the shares, which is about 58.14 million shares worth $15.76 million.
RA CAPITAL MANAGEMENT, L.P., with 5.7897% or 44.0 million shares worth $11.93 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
