It makes sense and dollars to buy Cybin Inc (CYBN) stock

With 6.81 million shares changed hands, the volume of the stock remained heavier than its average volume of 5.36 million shares. During the session, the Biotechnology company that operates in wider Healthcare sector, reached to the highest price of $0.2898 whereas the lowest price it dropped to was $0.27. The 52-week range on CYBN shows that it touched its highest point at $0.74 and its lowest point at $0.22 during that stretch. It currently has a 1-year price target of $4.50.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of CYBN was down-trending over the past week, with a drop of -17.20%, but this was down by -21.68% over a month. Three-month performance dropped to -25.79% while six-month performance fell -32.60%. The stock gained 20.75% in the past year, while it has lost -29.32% so far this year. A look at the trailing 12-month EPS for CYBN yields -0.21 with Next year EPS estimates of -0.10. For the next quarter, that number is -0.03. This implies an EPS growth rate of 12.51% for this year and 38.68% for next year.

Float and Shares Shorts:

At present, 760.05 million CYBN shares are outstanding with a float of 696.93 million shares on hand for trading. On 2024-05-15, short shares totaled 22.8 million, which was 300.0 higher than short shares on 1713139200. In addition to Mr. Eric So L.L.B. as the firm’s Co-Founder, President & Executive Chairman, Mr. Douglas L. Drysdale serves as its Chief Executive Officer.

Institutional Ownership:

Through their ownership of 0.42633998 of CYBN’s outstanding shares, institutional investors have minority control over the company.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2023-12-31, CYBN reported revenue of $0.0 and operating income of -$27024000.0. The EBITDA in the recently reported quarter was -$23435000.0 and diluted EPS was -$0.09.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for CYBN since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential.