A new trading day began on Monday, with Cybin Inc (AMEX: CYBN) stock price remained unchanged from the previous day of tradingbefore settling in for the closing price of $0.20. CYBN’s price has ranged from $0.17 to $0.74 over the past 52 weeks.
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A company in the Healthcare sector has dropped its sales by -20.00% annually for the last half of the decade. Meanwhile, its annual earnings per share averaged 48.80%. With a float of $695.84 million, this company’s outstanding shares have now reached $759.69 million.
In terms of profitability, gross margin is 0.0%, operating margin of 0.0%, and the pretax margin is 0.0%.
Cybin Inc (CYBN) Insider and Institutional Ownership
As we move forward, let’s examine how large-scale investors are investing in this stock of the Biotechnology Industry. The insider ownership of Cybin Inc is 8.45%, while institutional ownership is 42.04%.
Cybin Inc (CYBN) Latest Financial update
In its latest quarterly report, released on 6/30/2024, the company reported earnings of -0.05 per share, which was $0.1 higher than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.03 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 48.80% per share during the next fiscal year.
Cybin Inc (AMEX: CYBN) Trading Performance Indicators
Here are Cybin Inc’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 41.70.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.14, a number that is poised to hit -0.02 in the next quarter and is forecasted to reach -0.11 in one year’s time.
Technical Analysis of Cybin Inc (CYBN)
Let’s dig in a bit further. During the last 5-days, its volume was 4.84 million. That was inferior than the volume of 4.91 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 32.95%. Additionally, its Average True Range was 0.02.
During the past 100 days, Cybin Inc’s (CYBN) raw stochastic average was set at 12.66%, which indicates a significant decrease from 27.77% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 33.67% in the past 14 days, which was lower than the 43.81% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $0.2639, while its 200-day Moving Average is $0.3417. However, in the short run, Cybin Inc’s stock first resistance to watch stands at $0.2031. Second resistance stands at $0.2061. The third major resistance level sits at $0.2122. If the price goes on to break the first support level at $0.1940, it is likely to go to the next support level at $0.1879. The third support level lies at $0.1849 if the price breaches the second support level.
Cybin Inc (AMEX: CYBN) Key Stats
With a market capitalization of 152.01 million, the company has a total of 410,855K Shares Outstanding. Currently, annual sales are 0 K while annual income is -57,880 K. The company’s previous quarter sales were 0 K while its latest quarter income was -10,830 K.
