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.

Do You Own These 7 Inflation-Survival Stocks?

Inflation is still near 40-year highs and rising prices are putting a big dent in our wallets. Unless you find out how to protect your portfolio and outpace inflation, you'll keep being at the mercy of economic factors out of your control. Especially since the price of electricity, food, and shelter are creeping up higher than ever. In this special report, I detail 7 stocks to help you survive and thrive in today's market. They're backed by solid companies, positioned to profit during tough economic times, and offer out-sized dividends to help you outpace inflation.

Click here to get your free copy of the report

Sponsored

Ratios:

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.