Decibel Cannabis (CVE:DB – Free Report) had its price objective lowered by Ventum Financial from C$0.25 to C$0.20 in a research note published on Thursday morning, BayStreet.CA reports.
A number of other equities analysts have also issued reports on the company. Ventum Cap Mkts raised Decibel Cannabis to a strong-buy rating in a research note on Monday, July 8th. Echelon Wealth Partners decreased their price target on Decibel Cannabis from C$0.30 to C$0.25 and set a speculative buy rating for the company in a research note on Thursday, May 30th.
Check Out Our Latest Report on Decibel Cannabis
Decibel Cannabis Price Performance
Decibel Cannabis (CVE:DB – Get Free Report) last issued its quarterly earnings data on Wednesday, May 29th. The company reported C($0.01) earnings per share (EPS) for the quarter. Decibel Cannabis had a negative return on equity of 2.30% and a negative net margin of 4.05%. The business had revenue of C$20.95 million during the quarter, compared to the consensus estimate of C$23.60 million. On average, equities analysts anticipate that Decibel Cannabis will post 0.0090909 EPS for the current fiscal year.
About Decibel Cannabis
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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