Decibel Cannabis (CVE:DB) Raised to Strong-Buy at Ventum Cap Mkts

Decibel Cannabis (CVE:DBGet Free Report) was upgraded by stock analysts at Ventum Cap Mkts to a “strong-buy” rating in a research note issued to investors on Monday, Zacks.com reports.

Separately, Echelon Wealth Partners lowered their price objective on shares of Decibel Cannabis from C$0.30 to C$0.25 and set a “speculative buy” rating on the stock in a research report on Thursday, May 30th.

Get Our Latest Analysis on Decibel Cannabis

Decibel Cannabis Price Performance

Shares of CVE:DB opened at C$0.06 on Monday. The stock has a market cap of C$22.50 million, a P/E ratio of -5.50 and a beta of 1.03. Decibel Cannabis has a 1-year low of C$0.05 and a 1-year high of C$0.19. The firm has a fifty day moving average price of C$0.08 and a 200 day moving average price of C$0.11.

Decibel Cannabis (CVE:DBGet Free Report) last released its quarterly earnings results on Wednesday, May 29th. The company reported C($0.01) earnings per share (EPS) for the quarter. The company had revenue of C$20.95 million for the quarter, compared to analysts’ expectations of C$23.60 million. Decibel Cannabis had a negative return on equity of 3.79% and a negative net margin of 1.53%. Sell-side analysts expect that Decibel Cannabis will post 0.02 EPS for the current fiscal year.

Decibel Cannabis Company Profile

(Get Free Report)

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.

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