Cybin Inc [CYBN] Stock trading around $0.20 per share: What’s Next?

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Cybin Inc [AMEX: CYBN] price surged by 2.05 percent to reach at $0.0.

The one-year CYBN stock forecast points to a potential upside of 94.48. The average equity rating for CYBN stock is currently 1.00, trading closer to a bullish pattern in the stock market.

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Guru’s Opinion on Cybin Inc [CYBN]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for CYBN shares is $3.62 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on CYBN stock is a recommendation set at 1.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Maxim Group have made an estimate for Cybin Inc shares, keeping their opinion on the stock as Hold, with their previous recommendation back on November 19, 2021.

The Average True Range (ATR) for Cybin Inc is set at 0.02 The Price to Book ratio for the last quarter was 0.74, with the Price to Cash per share for the same quarter was set at 0.18.

CYBN Stock Performance Analysis:

Cybin Inc [CYBN] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -1.40. With this latest performance, CYBN shares dropped by -23.02% in over the last four-week period, additionally sinking by -53.90% over the last 6 months – not to mention a drop of -55.65% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for CYBN stock in for the last two-week period is set at 21.88, with the RSI for the last a single of trading hit 21.68, and the three-weeks RSI is set at 24.99 for Cybin Inc [CYBN]. The present Moving Average for the last 50 days of trading for this stock 0.2614, while it was recorded at 0.2010 for the last single week of trading, and 0.3391 for the last 200 days.

Insight into Cybin Inc Fundamentals:

Cybin Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 41.70 and a Current Ratio set at 41.70.

Cybin Inc [CYBN] Institutonal Ownership Details

There are presently around $38.39%, or 41.24%% of CYBN stock, in the hands of institutional investors. The top three institutional holders of CYBN stocks are: DEEP TRACK CAPITAL, LP with ownership of 58.14 million shares, which is approximately 7.6494%. RA CAPITAL MANAGEMENT, L.P., holding 44.0 million shares of the stock with an approximate value of $$11.93 million in CYBN stocks shares; and RA CAPITAL MANAGEMENT, L.P., currently with $$10.84 million in CYBN stock with ownership which is approximately 5.2628%.

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