During the last session, Cybin Inc (AMEX:CYBN)’s traded shares were 0.88 million. At the end of the trading day, the stock’s price was $9.82, reflecting an intraday loss of -3.35% or -$0.34. The 52-week high for the CYBN share is $21.66, that puts it down -120.57 from that peak though still a striking 33.81% gain since the share price plummeted to a 52-week low of $6.50. The company’s market capitalization is $1.90M, and the average intraday trading volume over the past 10 days was 1.0 million shares, and the average trade volume was 321.86K shares over the past three months.
Cybin Inc (CYBN) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.00. CYBN has a Sell rating from 0 analyst(s) out of 1 analysts who have looked at this stock. 0 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 1 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -1.57.
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Cybin Inc (AMEX:CYBN) trade information
Cybin Inc (CYBN) registered a -3.35% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -3.35% in intraday trading to $9.82, hitting a weekly high. The stock’s 5-day price performance is -15.34%, and it has moved by -8.57% in 30 days. Based on these gigs, the overall price performance for the year is -43.78%. The short interest in Cybin Inc (AMEX:CYBN) is 0.61 million shares and it means that shorts have 4.07 day(s) to cover.
Cybin Inc (CYBN) estimates and forecasts
Statistics show that Cybin Inc has outperformed its competitors in share price, compared to the industry in which it operates. Cybin Inc (CYBN) shares have gone down -27.43% during the last six months, with a year-to-date growth rate more than the industry average at 32.41% against 17.90. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to grow 54.17% this quarter and then drop -81.91% in the quarter after that.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -69.33%. While earnings are projected to return -1987.78% in 2024.
CYBN Dividends
Cybin Inc is due to release its next quarterly earnings in December. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Cybin Inc (AMEX:CYBN)’s Major holders
Cybin Inc insiders own 6.35% of total outstanding shares while institutional holders control 36.61%, with the float percentage being 39.09%. DEEP TRACK CAPITAL, LP is the largest shareholder of the company, while 59.0 institutions own stock in it. As of 2024-06-30, the company held over 58.14 million shares (or 7.6494% of all shares), a total value of $15.76 million in shares.
The next largest institutional holding, with 44.0 million shares, is of RA CAPITAL MANAGEMENT, L.P.’s that is approximately 5.7897% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $11.93 million.
Also, the Mutual Funds coming in first place with the largest holdings of Cybin Inc (CYBN) shares are AdvisorShares Trust-AdvisorShares Psychedelics ETF and TIFF Multi-Asset Fund . Data provided on Aug 31, 2024 indicates that AdvisorShares Trust-AdvisorShares Psychedelics ETF owns about 49.09 shares. This amounts to just over 0.25 percent of the company’s overall shares, with a $0.48 million market value. The same data shows that the other fund manager holds slightly less at 23.43, or about 0.12% of the stock, which is worth about $0.23 million.
