There Is Still Room For Cybin Inc. (CYBN) to Improve Its Value – Let’s Wait for Clarity

The closing price of Cybin Inc. (AMEX: CYBN) was $0.42 for the day, up 4.62% from the previous closing price of $0.40. In other words, the price has increased by $+0.0185 from its previous closing price. On the day, 554811 shares were traded. CYBN stock price reached its highest trading level at $0.4290 during the session, while it also had its lowest trading level at $0.4101.

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Our analysis of CYBN’s different ratios will help us gain a deeper understanding of the company. In the meantime, Its Debt-to-Equity ratio is 0.00 whereas as Long-Term Debt/Eq ratio is at 0.00.

Upgrades & Downgrades

Stock Price History:

Over the past 52 weeks, CYBN has reached a high of $1.66, while it has fallen to a 52-week low of $0.39. The 50-Day Moving Average of the stock is 0.5330, while the 200-Day Moving Average is calculated to be 0.6877.

Shares Statistics:

CYBN traded an average of 1.08M shares per day over the past three months and 951k shares per day over the past ten days. A total of 180.84M shares are outstanding, with a floating share count of 147.76M. Insiders hold about 20.22% of the company’s shares, while institutions hold 10.39% stake in the company. Shares short for CYBN as of Oct 13, 2022 were 3.1M with a Short Ratio of 2.98M, compared to 3.58M on Sep 14, 2022.

Earnings Estimates

The firm’s stock currently is rated by 4 analysts. On average, analysts expect EPS of -$0.05 for the current quarter, with a high estimate of -$0.04 and a low estimate of -$0.06, while EPS last year was -$0.09. The consensus estimate for the next quarter is -$0.05, with high estimates of -$0.04 and low estimates of -$0.06.

Analysts are recommending an EPS of between -$0.16 and -$0.35 for the fiscal current year, implying an average EPS of -$0.25. EPS for the following year is -$0.21, with 2 analysts recommending between -$0.13 and -$0.29.