The stock of Cybin Inc (AMEX: CYBN) has decreased by -4.13 when compared to last closing price of 0.26. Despite this, the company has experienced a -4.24% fall in its stock price over the last five trading sessions. businesswire.com reported 2024-08-07 that TORONTO–(BUSINESS WIRE)–Cybin Inc. (NYSE American:CYBN) (Cboe CA:CYBN) (“Cybin” or the “Company”), a clinical-stage breakthrough neuropsychiatry company committed to revolutionizing mental healthcare by developing new and innovative next-generation treatment options, is pleased to announce that Doug Drysdale, Cybin’s Chief Executive Officer, will participate in a fireside chat at the Canaccord Genuity 44th Annual Growth Conference, taking place August 13-14, 2024 in Boston, MA. Mr. Drysdale’s.
Is It Worth Investing in Cybin Inc (AMEX: CYBN) Right Now?
Analysts have varying views on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for CYBN is 695.84M, and currently, shorts hold a 2.79% of that float. The average trading volume for CYBN on August 12, 2024 was 4.55M shares.
CYBN’s Market Performance
CYBN’s stock has seen a -4.24% decrease for the week, with a -20.70% drop in the past month and a -30.00% fall in the past quarter. The volatility ratio for the week is 7.50%, and the volatility levels for the past 30 days are at 7.69% for Cybin Inc The simple moving average for the last 20 days is -11.03% for CYBN stock, with a simple moving average of -32.37% for the last 200 days.
CYBN Trading at -11.21% from the 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 -65.62% of loss for the given period.
Volatility was left at 7.69%, however, over the last 30 days, the volatility rate increased by 7.50%, as shares sank -21.64% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -27.17% lower at present.
During the last 5 trading sessions, CYBN fell by -3.92%, which changed the moving average for the period of 200-days by -42.20% in comparison to the 20-day moving average, which settled at $0.2817. In addition, Cybin Inc saw -38.11% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for CYBN
The total capital return value is set at -0.33. Equity return is now at value -49.29, with -47.66 for asset returns.
Based on Cybin Inc (CYBN), the company’s capital structure generated 0.0 points at debt to capital in total, while cash flow to debt ratio is standing at -402.95.
Currently, EBITDA for the company is -78.41 million with net debt to EBITDA at 2.0. The liquidity ratio also appears to be rather interesting for investors as it stands at 41.70.
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”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
