Are Analysts Too Bullish On Cybin Inc (CYBN)

Cybin Inc (AMEX:CYBN) currently has a daily average trading volume of 4.37M but it saw 2664349 shares traded in last market. With a market cap of 210.23M USD, the company’s current market price of $0.28 came falling about -1.11 while comparing to the previous closing price of $0.28. In past 52 weeks, the stock remained buoying in the range of price level as high as $0.74 and as low as $0.25.

Taking a look at 20-day trading activity of Cybin Inc (CYBN) gives us an average price of $0.2886, while its current price level is -62.52% below from 52-week high level whereas it is 11.76% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $0.2962 while that of 200 days or SMA-200 reads an average of $0.3827. A closer look into the stock’s movement over the week reveals that its volatility is standing at 4.81% during that period while stretching the period over a month that increases to 7.47%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 43.12 which implies that the stock is in neutral territory.

Over the week, CYBN’s stock price is moving -3.08% down while it is 4.42% when we observe its performance for the past one month. Year-to-date it is -32.54% down and over the past year, the stock is showing a downside performance of -12.74%.

Currently, Cybin Inc’s total number of outstanding shares is 759.69M. Company’s return on investment (ROI) stands at -26.78% and return on equity (ROE) at -45.96%. Stock has a price to book (P/B) ratio of 0.97. Its return on asset (ROA) is -43.93% on average.