Cybin Inc (AMEX: CYBN) Surged -10.59% In 6 Months – Here’s What Happens Next

Cybin Inc (AMEX:CYBN)’s traded shares stood at 0.34 million during the last session. At the close of trading, the stock’s price was $9.00, to imply a decrease of -4.36% or -$0.41 in intraday trading. The CYBN share’s 52-week high remains $19.85, putting it -120.56% down since that peak but still an impressive 27.78% since price per share fell to its 52-week low of $6.50. The company has a valuation of $180.00M, with an average of 0.36 million shares in intraday trading volume over the past 10 days and average of 391.91K 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 -1.57.

Cybin Inc (AMEX:CYBN) trade information

After registering a -4.36% downside in the last session, Cybin Inc (CYBN) has traded red over the past five days. The 5-day price performance for the stock is -9.18%, and -10.27% over 30 days. With these gigs, the year-to-date price performance is 2.04%. Short interest in Cybin Inc (AMEX:CYBN) saw shorts transact 0.61 million shares and set a 4.07 days time to cover.

CYBN Dividends

Cybin Inc has its next earnings report out in March. 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.

Going by data provided on Nov 30, 2024 , AdvisorShares Trust-AdvisorShares Psychedelics ETF holds roughly 51.99 shares. This is just over 0.26% of the total shares, with a market valuation of $0.47 million