Cybin Inc (CYBN) Shares Soar Above 1-Year High

The stock of Cybin Inc (AMEX: CYBN) has increased by 0.36 when compared to last closing price of 5.17.Despite this, the company has seen a gain of 3.81% in its stock price over the last five trading days. Zacks Investment Research reported 2024-01-11 that Here is how Cybin Inc. (CYBN) and Alpine Immune Sciences, Inc. (ALPN) have performed compared to their sector so far this year.

Is It Worth Investing in Cybin Inc (AMEX: CYBN) Right Now?

The public float for CYBN is 343.15M, and currently, shorts hold a 2.93% of that float. The average trading volume for CYBN on February 13, 2024 was 0.89 shares.

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CYBN’s Market Performance

The stock of Cybin Inc (CYBN) has seen a 3.81% increase in the past week, with a -14.98% drop in the past month, and a -29.34% fall in the past quarter. The volatility ratio for the week is 10.87%, and the volatility levels for the past 30 days are at 8.56% for CYBN.. The simple moving average for the past 20 days is -2.49% for CYBN’s stock, with a Nov 15 BMO simple moving average for the past 200 days.

CYBN 50-Day Moving Average

After a stumble in the market that brought CYBN to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -51.61% of loss for the given period.

Volatility was left at 8.56%, however, over the last 30 days, the volatility rate increased by 10.87%, as shares sank -11.83% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -25.45% lower at present.

During the last 5 trading sessions, CYBN rose by +3.81%, which changed the moving average for the period of 200-days by +14.05% in comparison to the 20-day moving average, which settled at $0.3589. In addition, Cybin Inc saw -12.90% in overturn over a single year, with a tendency to cut further losses.

Stock Fundamentals for CYBN

Equity return is now at value -91.42, with -81.20 for asset returns.

Conclusion

In conclusion, Cybin Inc (CYBN) has had a bad performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others a “hold”.

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