Cybin Inc (AMEX: CYBN) has seen a rise in its stock price by 8.68 in relation to its previous close of 11.00. However, the company has experienced a 10.90% gain in its stock price over the last five trading sessions. businesswire.com reported 2024-11-14 that TORONTO–(BUSINESS WIRE)–Cybin Inc. (NYSE American:CYBN) (Cboe CA:CYBN) (“Cybin” or the “Company”), a clinical-stage breakthrough neuropsychiatry platform company committed to revolutionizing mental healthcare by developing new and innovative next-generation treatment options, today announced that it will host a conference call and webcast on Monday, November 18, 2024 at 8:00 a.m. ET. The event will be hosted by Cybin’s Chief Executive Officer, Doug Drysdale, and Cybin’s Chief Medical Officer,.
Is It Worth Investing in Cybin Inc (AMEX: CYBN) Right Now?
Analysts have differing opinions on the stock, with 5 analysts rating it as a “buy,” 1 as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for CYBN is 18.36M, and currently, short sellers hold a 3.57% ratio of that floaft. The average trading volume of CYBN on November 15, 2024 was 220.98K shares.
CYBN’s Market Performance
CYBN’s stock has seen a 10.90% increase for the week, with a 14.40% rise in the past month and a 18.71% gain in the past quarter. The volatility ratio for the week is 13.38%, and the volatility levels for the past 30 days are at 8.20% for Cybin Inc The simple moving average for the past 20 days is 11.20% for CYBN’s stock, with a 1.07% simple moving average for the past 200 days.
CYBN Trading at 22.65% 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 -44.81% of loss for the given period.
Volatility was left at 8.20%, however, over the last 30 days, the volatility rate increased by 13.38%, as shares sank -0.44% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +42.22% upper at present.
During the last 5 trading sessions, CYBN rose by +5.38%, which changed the moving average for the period of 200-days by -17.87% in comparison to the 20-day moving average, which settled at $10.72. In addition, Cybin Inc saw -23.27% 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 -80.93, with -76.72 for asset returns.
Currently, EBITDA for the company is -78.58 million with net debt to EBITDA at 2.13. The liquidity ratio also appears to be rather interesting for investors as it stands at 24.24.
Conclusion
In a nutshell, Cybin Inc (CYBN) has experienced a mixed performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. 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.
