Decibel Cannabis (DB) Stock Price, News & Analysis

Company Overview

Decibel Cannabis Company Inc., an integrated cannabis company, engages in the cannabis cultivation, processing, and sale of cannabis flower products in Canada. It is also involved in the extraction, processing, and manufacturing vape cartridges, cannabis infused products, cannabis extracts, and glass tube packaging for pre-rolls. In addition, the company engages in the cannabis retail business through operating operational retail locations in Saskatchewan, as well as an e-commerce cannabis platform throughout the Province of Saskatchewan; and operational retail locations in Alberta. It offers its products under the Qwest, Vox, Blendcraft, and General Admission brands. Further, the company exports its products to Israel and Australia. Decibel Cannabis Company Inc. is headquartered in Calgary, Canada.

Key Stats

• Today's Range: C$0.07 to C$0.08
• 50-Day Range: C$0.05 to C$0.08
• 52-Week Range: C$0.04 to C$0.17
• Volume: 157,246 shs
• Average Volume: 206,169 shs
• Market Capitalization: C$30.68 million
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: C$0.28
• Consensus Rating: Strong Buy

Decibel Cannabis Stock Analysis - MarketRank™

Decibel Cannabis scored higher than 31% of companies evaluated by MarketBeat. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.8 / 5
• Analyst Rating: Strong Buy

Consensus Rating

Decibel Cannabis has received a consensus rating of Strong Buy. The company's average rating score is 3.50, and is based on 1 buy rating, no hold ratings, and no sell ratings.

Amount of Analyst Coverage

Decibel Cannabis has received no research coverage in the past 90 days.

Earnings and Valuation

• Score: 0.6 / 5
• Proj. Earnings Growth: N/A

Price to Earnings Ratio vs. the Market

The P/E ratio of Decibel Cannabis is -6.50, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Ratio vs. Sector

The P/E ratio of Decibel Cannabis is -6.50, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Book Value per Share Ratio

Decibel Cannabis has a P/B Ratio of 0.65. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: N/A
• Short Interest Level: N/A

Short Interest

There is no current short interest data available for DB.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Decibel Cannabis does not currently pay a dividend.

Dividend Growth

Decibel Cannabis does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Short Interest

There is no current short interest data available for DB.

News and Social Media

• Score: 0.6 / 5
• News Sentiment: 0.00

News Coverage This Week

MarketBeat has tracked 2 news articles for Decibel Cannabis this week, compared to 0 articles on an average week.

Search Interest

4 people have searched for DB on MarketBeat in the last 30 days. This is an increase of 300% compared to the previous 30 days.

Company Ownership

• Score: 0.0 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Decibel Cannabis insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 1.07% of the stock of Decibel Cannabis is held by insiders.

Percentage Held by Institutions

Only 0.79% of the stock of Decibel Cannabis is held by institutions.

DB Stock Analysis - Frequently Asked Questions

How have DB shares performed this year?

Decibel Cannabis' stock was trading at C$0.13 at the beginning of the year. Since then, DB shares have decreased by 50.0% and is now trading at C$0.07.
View the best growth stocks for 2024 here.

How do I buy shares of Decibel Cannabis?

Shares of DB stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor, Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers.
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What other stocks do shareholders of Decibel Cannabis own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Decibel Cannabis investors own include AutoZone (AZO), Intel (INTC), SunPower (SPWR), TJX Companies (TJX), Abacus Health Products (ABAHF), Avino Silver & Gold Mines (ASM) and Avino Silver & Gold Mines (ASM).

Company Calendar

• Today: 11/04/2024
• Next Earnings (Estimated): 11/21/2024

Industry, Sector and Symbol

• Stock Exchange: CVE
• Sector: Medical
• Industry: Drug Manufacturers - Specialty & Generic
• Sub-Industry: Banking
• Current Symbol: CVE:DB
• CUSIP: N/A
• CIK: N/A
• Web: www.decibelcc.com
• Phone: 587-664-0300
• Fax: N/A
• Employees: 83,000
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: C$0.28
• High Stock Price Target: C$0.40
• Low Stock Price Target: C$0.20
• Potential Upside/Downside: +304.8%
• Consensus Rating: Strong Buy
• Rating Score (0-4): 3.50
• Research Coverage: 2 Analysts

Profitability

• EPS (Most Recent Fiscal Year): C($0.01)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: 7.00
• P/E Growth: N/A
• Net Income: C$-1,030,000.00
• Net Margins: -3.78%
• Pretax Margin: N/A
• Return on Equity: -1.05%
• Return on Assets: 3.04%

Debt

• Debt-to-Equity Ratio: 107.39
• Current Ratio: 1.27
• Quick Ratio: N/A

Sales & Book Value

• Annual Sales: C$105.60 million
• Price / Sales: 0.27
• Cash Flow: N/A
• Price / Cash Flow: N/A
• Book Value: C$0.10 per share
• Price / Book: 0.70

Miscellaneous

• Outstanding Shares: 409,040,000
• Free Float: N/A
• Market Cap: C$28.63 million
• Optionable: N/A
• Beta: 1.03