A new trading day began on Tuesday, with Cybin Inc (AMEX: CYBN) stock price up 9.83% from the previous day of trading, before settling in for the closing price of $6.51. CYBN’s price has ranged from $4.81 to $13.88 over the past 52 weeks.
A company in the Healthcare sector has dropped its sales by -232.48% annually for the last half of the decade. Meanwhile, its annual earnings per share averaged 4.90%. With a float of $21.68 million, this company’s outstanding shares have now reached $23.02 million.
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 8.11%, while institutional ownership is 32.52%.
Cybin Inc (CYBN) Latest Financial update
In its latest quarterly report, released on 9/30/2024, the company reported earnings of -2.86 per share, which was $0.1 lower 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 -1.41 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 4.90% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 9.95% during the next five years compared to -232.48% drop over the previous five years of trading.
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 9.87.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -4.59, a number that is poised to hit -0.96 in the next quarter and is forecasted to reach -3.71 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 1.85 million. That was better than the volume of 0.43 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 68.51%.
During the past 100 days, Cybin Inc’s (CYBN) raw stochastic average was set at 34.95%, which indicates a significant decrease from 62.88% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 0.37 in the past 14 days, which was lower than the 0.43 volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $6.33, while its 200-day Moving Average is $7.44. However, in the short run, Cybin Inc’s stock first resistance to watch stands at $7.78. Second resistance stands at $8.41. The third major resistance level sits at $8.82. If the price goes on to break the first support level at $6.74, it is likely to go to the next support level at $6.33. The third support level lies at $5.70 if the price breaches the second support level.
Cybin Inc (AMEX: CYBN) Key Stats
With a market capitalization of 168.74 million, the company has a total of 25,188K Shares Outstanding. Currently, annual sales are 0 K while annual income is -81,310 K. The company’s previous quarter sales were 0 K while its latest quarter income was -24,610 K.
