What Makes Cybin Inc. (CYBN) a New Buy Stock

Core Viewpoint - Cybin Inc. (CYBN) has been upgraded to a Zacks Rank 2 (Buy) due to an upward trend in earnings estimates, which is a significant factor influencing stock prices [3][5]. Earnings Estimates and Stock Movement - The Zacks rating system is based on changes in earnings estimates, which are strongly correlated with near-term stock price movements [4][6]. - An increase in earnings estimates typically leads to higher fair value calculations by institutional investors, resulting in buying or selling pressure that affects stock prices [6]. Cybin Inc. Specifics - For the fiscal year ending March 2025, Cybin Inc. is expected to earn -$0.09 per share, reflecting a 52.6% change from the previous year's reported number [10]. - Over the past three months, the Zacks Consensus Estimate for Cybin Inc. has increased by 15%, indicating positive sentiment among analysts [10]. Zacks Rating System - The Zacks Rank system classifies stocks into five groups based on earnings estimates, with only the top 20% of stocks receiving a 'Strong Buy' or 'Buy' rating [11][13]. - Stocks rated Zacks Rank 1 (Strong Buy) have historically generated an average annual return of +25% since 1988, showcasing the effectiveness of the rating system [9].