Should You Sell Cybin Inc (CYBN) And Go Away This Year?

Cybin Inc (AMEX:CYBN) currently has a daily average trading volume of 4.51M but it saw 2684674 shares traded in last market. With a market cap of 205.97M USD, the company’s current market price of $0.27 came rising about 2.30 while comparing to the previous closing price of $0.26. In past 52 weeks, the stock remained buoying in the range of price level as high as $0.74 and as low as $0.24. In the recent trading on the day, stock has struck highest price mark of $0.2525 while lowest mark touched by it was $0.2726.

Taking a look at 20-day trading activity of Cybin Inc (CYBN) gives us an average price of $0.2880, while its current price level is -63.28% below from 52-week high level whereas it is 12.92% 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 $0.2875 while that of 200 days or SMA-200 reads an average of $0.3763. A closer look into the stock’s movement over the week reveals that its volatility is standing at 7.37% during that period while stretching the period over a month that increases to 8.10%. 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 42.62 which implies that the stock is in neutral territory.

Over the week, CYBN’s stock price is moving -2.02% down while it is 2.46% when we observe its performance for the past one month. Year-to-date it is -33.90% down and over the past year, the stock is showing a downside performance of -21.79%.

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 0.95. Its return on asset (ROA) is -43.93% on average.