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$0.13 to C$0.13
• 50-Day Range: C$0.10 to C$0.15
• 52-Week Range: C$0.06 to C$0.15
• Volume: 211,283 shs
• Average Volume: 334,097 shs
• Market Capitalization: C$72.11 million
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: C$0.10
• Consensus Rating: Hold

Decibel Cannabis Stock Analysis - MarketRank™

Decibel Cannabis scored higher than 1% 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: 1.2 / 5
• Analyst Rating: Hold

Consensus Rating

Decibel Cannabis has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on no strong buy ratings, no buy ratings, 1 hold rating, and no sell ratings.

Downside Risk

Decibel Cannabis has a consensus price target of C$0.10, representing about 20.0% downside from its current price of C$0.13.

Amount of Analyst Coverage

Decibel Cannabis has only been the subject of 1 research reports in the past 90 days.

Earnings and Valuation

• Score: 0.0 / 5
• Proj. Earnings Growth: N/A

Price to Earnings Ratio vs. the Market

The P/E ratio of Decibel Cannabis is -12.50, 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 -12.50, 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 1.25. P/B Ratios below 3 indicates that a company is reasonably valued 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.

News and Social Media

• Score: 0.0 / 5
• News Sentiment: N/A

Search Interest

Only 3 people have searched for DB on MarketBeat in the last 30 days. This is a decrease of -40% 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

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

Percentage Held by Institutions

0.74% 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$0.11 at the start of the year. Since then, DB stock has increased by 13.6% and is now trading at C$0.13.

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.

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), CSLM Acquisition (SPWR), TJX Companies (TJX), Abacus Health Products (ABAHF), Avino Silver & Gold Mines (ASM) and Bank of America (BAC).

Industry, Sector and Symbol

• Stock Exchange: CVE
• Sector: Medical
• Industry: Drug Manufacturers - Specialty & Generic
• Sub-Industry: Banking
• Current Symbol: CVE:DB
• 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 Price Target for Decibel Cannabis: C$0.10
• High Price Target: C$0.10
• Low Price Target: C$0.10
• Potential Upside/Downside: -20.0%
• Consensus Rating: Hold
• Rating Score (0-4): 2.00
• Research Coverage: 1 Analysts

Profitability

• EPS (Trailing Twelve Months): C($0.01)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: 12.50
• P/E Growth: N/A
• Net Income: -C$1.03 million
• 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$112.72 million
• Price / Sales: 0.64
• Cash Flow: N/A
• Price / Cash Flow: N/A
• Book Value: C$0.10 per share
• Price / Book: 1.25

Miscellaneous

• Outstanding Shares: 576,861,000
• Free Float: N/A
• Market Cap: C$72.11 million
• Optionable: N/A
• Beta: 0.07