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 $7.29, down 0.82% from the previous day, and has decreased 46.77% in one year. It has overperformed other stocks in the Biotechnology industry by 0.31 percentage points. Cybin stock is currently +51.56% from its 52-week low of $4.81, and -49.52% from its 52-week high of $14.44.
There are currently 20M shares of CYBN outstanding. The market capitalization of CYBN is $145.81M. In the past 24 hours, 292,562 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:
- You can invest in stocks with zero commissions: Invest without paying trading commissions.
- Buy fractional shares: Even if you can't afford a full share, you can still invest in the stock.
- Access to global financial markets: From Technology to Utilities, New York to Hong Kong (for US users, only US stocks are available) — you can fill your portfolio with stocks from the globe's top exchanges.
- 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 0.87x, relative to Biotechnology industry P/B ratio of 4.04x
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 70683333. It has sufficient cash and short-term investments to cover this for at least one year.
- CYBN has a low debt to equity ratio of 0.06.
- There are more short-term assets than short-term liabilities on the CYBN balance sheet.
Cons:
- CYBN has $94.65M in cash and short term investments. This is not enough to cover its annual cash burn of $70.68M.
Do analysts think it's a good time to buy CYBN stock
Out of 3 Equities analysts who research CYBN, the consensus analyst rating on Cybin is a Strong Buy
It's important to note that analyst forecasts are not stock recommendations, nor are they financial advice.
You can dive deeper into what analysts are forecasting on the Cybin stock forecast page.
Metrics for Advanced CYBN Traders
Are CYBN insiders buying or selling the stock?
Over the last year, insiders at CYBN have not bought or sold any shares.
Dig into more about who owns CYBN shares here.
Can I rely on CYBN as an income stream?
No, Cybin doesn't provide an income stream by paying out dividends.
What others are saying about CYBN
One of the primary reasons eToro is our favorite brokerage is because of its social trading community.
Click below to see what other investors have to say.
Step 5: Place your CYBN purchase
There are two primary types of orders:
- Market order: A market order is an order to buy or sell a security at the best available price.
Market orders are mostly fine. - Limit order: A limit order is an order to buy or sell a security at a specific price (or better).
If you want to be certain you're buying or selling at a particular price, use a limit order.
Press the Open button and your broker will execute the order.
If you require more assistance investing in stocks on eToro, click the helpful video below:
Step 6: Keep an eye on your investment in CYBN
Now that you own some CYBN stock, you'll want to stay up-to-date on your new investment.
Create a watchlist to get the latest updates about your CYBN stock.
CYBN Feed
How to Buy Stock in Cybin
To summarize, here are the 6 steps you need to take to buy Cybin stock right now:
- 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 require a place to buy stocks, eToro is our recommended option.
Get Started with eToro TodayIf you want to keep track of your new investment in Cybin, get started below.
Other Stock Buying Guides You May Find Useful
FAQ
Company
AboutNewsBlogStock Investing FAQPlansPrivacy PolicyTerms of ServiceCancellation & RefundsPerformanceHelp GuidesContactTwitterYouTubeNewsletterInformation is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.