How to Buy Cybin Stock
Cybin Inc
Cybin is a biotech company located in Ontario, Canada, which is part of the Healthcare sector, and is traded under the ticker CYBN on the NYSEMKT exchange.
Cybin stock last closed at $7.69, up 5.34% from the previous day, and has decreased 27.65% in one year. It has overperformed other stocks in the Biotechnology industry by 0.4 percentage points. Cybin stock is currently +59.88% from its 52-week low of $4.81, and -44.6% from its 52-week high of $13.88.
There are currently 21.6M shares of CYBN outstanding. The market capitalization of CYBN is $166.11M. In the past 24 hours, 407,000 CYBN shares were traded.
How to Buy Cybin Stock
Not sure how to invest in Cybin stock? Here's how.
- Choose where to buy Cybin stock: You need to decide on an online brokerage, but don't worry - we've researched dozens of online stock brokerages and apps to help you decide where to buy Cybin stock.
- Open your brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've selected.
- Deposit funds into your investment account: Choose your method of payment and add your information.
- Research Cybin stock: The Cybin ticker symbol is CYBN. Is Cybin stock a good investment? Should you buy shares of CYBN? How do CYBN's underlying business fundamentals look? Do top analysts think Cybin is a good buy? Why has CYBN's stock price moved recently? (Hint: Our stock market analysis website can help you figure out if CYBN is a good stock to buy).
- Place your CYBN purchase: Decide if you will purchase CYBN shares at the current market price or use a limit order to buy CYBN stock at a particular price.
- Keep an eye on your investment in CYBN: Create a watchlist to important updates regarding your new investment in Cybin shares.
Step 1: Choose where to buy Cybin stock
You will need a brokerage account to access the NYSEMKT market and buy CYBN shares.
Our recommended brokerage: eToro
Based on our experience, eToro is the best online stock brokerage. Here's why:
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- Social investing: eToro has a community of more than 20 million users worldwide. Talk to, learn from, and copy the unique crypto portfolios of top investors.
- Security: eToro is a regulated and licensed brokerage platform.
- Buy other assets: Such as ETFs and cryptocurrencies.
Get $10 towards your stock purchase by creating an account with eToro today. This offer is only for US users.
Open eToro AccountStep 2: Open your brokerage account
Now that you've chosen the right brokerage, you need to fill out some personal details so you can invest in CYBN today.
How to Create a New Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Input your personal details to create your new trading account.
- Submit your details by hitting the "Create Account" button. Get started with eToro today
Step 3: Deposit funds into your investment account
Now that you've created your account on the best app for stock investing, you can securely and quickly fund your account:
Watch the walkthrough below for more details transferring money into your new investment account.
Step 4: Research Cybin stock
After you have selected the best place to buy Cybin stock, it's important to evaluate their stock before you buy, so you actually comprehend the risk as well as the opportunity.
Cybin stock at a glance
Fundamentals of CYBN
WallStreetZen was created to help everyday investors perform more accurate fundamental analysis.
You can view all of the due diligence checks on CYBN's stock page.
Is CYBN stock overvalued?
Investors use many financial metrics, analyses, models, and charts to gauge CYBN's intrinsic value.
Using relative valuations metrics:
- CYBN could be undervalued based on its P/B ratio of 0.96x, relative to Biotechnology industry P/B ratio of 4.28x
You can do more valuation research on CYBN's stock here.
Is CYBN a healthy company?
Pros:
- There are more short-term assets than long-term liabilities on the CYBN balance sheet.
- CYBN has cash burn of 75376642. It has sufficient cash and short-term investments to cover this for at least one year.
- Total CYBN debt is lower than 5 years ago, relative to shareholder equity.
- There are more short-term assets than short-term liabilities on the CYBN balance sheet.
- CYBN has a low debt to equity ratio of 0.09.
Cons:
- CYBN has $98.56M in cash and short term investments. This is not enough to cover its annual cash burn of $75.38M.
Is CYBN stock a Buy, Hold, or Sell, according to Wall Street analysts?
Out of 3 sell side analysts who give forecasts on CYBN, the consensus analyst rating on Cybin is a Strong Buy
Please note that analyst forecasts are not recommendations, nor are they financial advice.
You can dig deeper into what analysts are forecasting on the Cybin stock forecast page.
CYBN Technicals
CYBN Growth Metrics
Last year, CYBN revenue was $0.00. In the last four year, CYBN's revenue has gone up by -100% per year. This was slower than the Biotechnology industry average of 46.35%.
Dig into CYBN's earnings and revenue performance here.
Are CYBN executives and large shareholders buying or selling the stock?
In the past 12 months, insiders at CYBN have not bought or sold any shares.
Research more about who owns CYBN stock here.
Can I get consistent income from CYBN stock?
No, Cybin doesn't provide an income stream by paying out dividends.
Get opinions from other traders
One of the primary reasons eToro is our highest-rated brokerage is because of its social trading community.
Click below to find out what other investors have to say.
Step 5: Place your CYBN purchase
You have two primary order types:
- Market order: A market order is an order to buy or sell a security at the best available price.
Market orders are generally the easiest way to buy. - Limit order: A limit order allows you to buy or sell a stock at a specific price (or better).
If you want to ensure you're buying or selling at a particular price limit, use a limit order.
Click the Open button and your broker will place the order.
If you require more assistance buying stocks on eToro, watch the helpful video below:
Step 6: Keep an eye on your investment in CYBN
Now that you own some shares in CYBN, you'll want to keep up with your company.
Create a watchlist to track the latest developments regarding your CYBN stock.
CYBN Feed
How to Buy Stock in Cybin
To reiterate, here are the 6 steps for buying Cybin stock:
- Choose where to buy Cybin stock
- Open your brokerage account
- Deposit funds into your investment account
- Research Cybin stock
- Place your CYBN purchase
- Keep an eye on your investment in CYBN
If you are looking for a brokerage, eToro is our recommended option.
Get Started with eToro TodayIf you want to keep track of your investment in Cybin, create a watchlist on WallStreetZen today.
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