Cybin Inc. (AMEX:CYBN) saw a downside of -0.90% to close Tuesday at $0.31 after subtracting $0.0 on the day. The 5-day average trading volume is 1,984,580 shares of the company’s common stock. It has gained $0.3333 in the past week and touched a new high 2 times within the past 5 days. An average of 3,088,535 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 2,797,412.
CYBN’s 1-month performance is -23.29% or -$0.0891 on its low of $0.2750 reached on 08/02/23. The company’s shares have touched a 52-week low of $0.21 and high of $1.14, with the stock’s rally to the 52-week high happening on 01/10/23. YTD, CYBN has achieved 4.31% or $0.0128 and has reached a new high 6 times. However, the current price is down -72.82% from the 52-week high price.
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Valuation Metrics
Moving on to other valuation ratios, the price-to-book (PB) in the most recent quarter is 1.63.
Cybin Inc.’s quick ratio for the period ended June 29 was 2.60, with the current ratio over the same period at 2.60.
Earnings Surprise
For the quarterly period ending June 29 this year, Analysts expected CYBN to announce -$0.06 per share in earnings in its latest quarter, but it posted -$0.07, representing a -16.70% surprise.
Let’s look briefly at Cybin Inc. (CYBN) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 22 August was 34.83% to suggest the stock is trending Neutral, with historical volatility in this time period at 47.68%.
The stock’s 5-day moving average is $0.3186, reflecting a -4.06% or -$0.0131 change from its current price. CYBN is currently trading -24.41% above its 20-day SMA, -18.45% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +28.11% and SMA200 by-32.63%.
Stochastic %K and %D was 40.62% and 42.09% and the average true range (ATR) pointed at 0.0292. The RSI (14) points at 39.17%, while the 14-day stochastic is at 34.82% with the period’s ATR at 0.0323. The stock’s 9-day MACD Oscillator is pointing at -0.0116 and -0.0167 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Cybin Inc. (AMEX: CYBN), Maxim Group downgraded it to a Hold rating. They previously had a Buy rating on the stock.
What is CYBN’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $1.13 and a high of $10.00, with their median price target at $3.50. Looking at these predictions, the average price target given by analysts is for Cybin Inc. (CYBN) stock is $4.23.
