Cybin Inc (CYBN) Reports -64.16% Fall From For 52 Week High, It’s Always Darkest Before The Dawn

Cybin Inc (AMEX:CYBN) does about 4.00M shares in volume on a normal day but saw 8568242 shares change hands in Monday trading. The company now has a market cap of 201.03M USD. Its current market price is $0.26, marking no change compared to the previous close of $0.26. The 52 week high reached by this stock is $0.74 whilst the lowest price level in 52 weeks is $0.25.

Cybin Inc (CYBN) has a 20-day trading average at $0.2740 and the current price is -64.16% off the 52-week high compared with 6.87% distance from its 52-week low. The 50-day simple moving average of the closing price is $0.3189 and its 200-day simple moving average is $0.4066. If we look at the stock’s price movements over the week, volatility stands at 6.54%, which increases to 7.20% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 28.08 to suggest the stock is oversold.

The consensus objective for the share price is $3.85, suggesting that the stock has a potential upside of 93.25% over the period.

Cybin Inc (CYBN) stock is down -2.40% over the week and -11.83% over the past month. Its price is -35.49% year-to-date and -44.90% over the past year.

To reach the target analysts have set, the stock logically needs to grow 93.25 percent from here.

The company has a return on investment of -26.78% and return on equity of -45.96%. Price to book ratio is 0.93.