Equities researchers at Jefferies Financial Group assumed coverage on shares of Cybin (NASDAQ:HELP - Get Free Report) in a report issued on Monday. The firm set a "buy" rating and a $22.00 price target on the stock. Jefferies Financial Group's target price would suggest a potential upside of 232.33% from the stock's previous close.
Cybin Stock Down 2.2%
NASDAQ:HELP opened at $6.62 on Monday. The company has a market cap of $330.27 million, a price-to-earnings ratio of -1.70 and a beta of 0.63. Cybin has a fifty-two week low of $4.81 and a fifty-two week high of $10.72. The company has a current ratio of 8.58, a quick ratio of 8.58 and a debt-to-equity ratio of 0.21.
Cybin Company Profile
(
Get Free Report)
Cybin Inc is a clinical-stage biopharmaceutical company focused on the development of psychedelic-based therapeutics for the treatment of mental health disorders. Headquartered in Toronto and listed on the NASDAQ under the symbol HELP, Cybin pursues research and development programs intended to harness the therapeutic potential of psychedelic compounds to address conditions with significant unmet need.
The company operates a drug discovery and development platform aimed at creating novel small-molecule psychedelic analogs and tailored formulations.
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