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Cybin Inc: Rising -46.75% from 52-Week Low, Can the Stock Stay Afloat?

In terms of market performance, Cybin Inc had a somewhat inconsistent run in. The highest value for the stock in the past year was $0.74 on 10/31/23, while the lowest value was $0.21 on 06/06/23.

52-week price history of CYBN Stock

Analyzing the 52-week price history of a stock, including its high and low prices, can provide valuable insight into its current status and potential future performance. Cybin Inc’s current trading price is -46.75% away from its 52-week high, while its distance from the 52-week low is 87.14%. The stock’s price range for this period has remained between $0.21 and $0.74. The Healthcare sector company’s shares managed to surpass a trading volume of around 2.15 million for the day, which was noticeably lower compared to the shares’ average daily volume of 3.63 million over the last three months.

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Financial Performance and Market Capitalization

Cybin Inc (CYBN) has experienced a quarterly decline of -5.07% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 163.55M.

Moving average and trading volume data

Based on Barchart.com data, the company’s moving average over the 100-day period was 0.4196, with a change in price of -0.1469. Similarly, Cybin Inc recorded 3,911,100 in trading volume during the last 100 days, posting a change of -27.39%.

CYBN Debt-to-equity ratio analysis

The debt-to-equity (D/E) ratio is a valuable metric that offers insight into a company’s financial health and standing in the market. This ratio is calculated by dividing a company’s current total liabilities by its shareholders’ equity. The D/E ratio illustrates the extent of debt a company is utilizing to support its assets in relation to the value of its shareholders’ equity. At the time of writing, the total D/E ratio for CYBN stands at 0.00. Similarly, the long-term debt-to-equity ratio is also 0.00.

CYBN Stock Stochastic Average

As of today, the raw stochastic average of Cybin Inc over the past 50 days is 63.75%. This is a decrease compared to the raw stochastic average of the last 20 days, which was recorded at 85.77%. Additionally, the Stochastic %K and %D values for the company were 89.46% and 78.85%, respectively, over the past 20 days.

CYBN Stock Price Performance Analysis

A mixed performance in the stock price over the year has left investors with either an optimistic or pessimistic outlook, depending on their point of view. The index has shown a price loss of -4.15% this year. Over the last six months, there has been a weaker performance of 19.16%. The price of CYBN fallen by 21.94% during the last 30 days period. For the last 5-days stocks have improved 22.81%.

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