Decibel Cannabis (CVE:DB) Given New C$0.20 Price Target at Ventum Financial

Decibel Cannabis (CVE:DB) 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.

Decibel Cannabis Price Performance

Shares of DB stock opened at C$0.06 on Thursday. Decibel Cannabis has a 12-month low of C$0.04 and a 12-month high of C$0.19. The firm has a market capitalization of C$24.54 million, a price-to-earnings ratio of -6.00 and a beta of 1.06. The business has a 50 day simple moving average of C$0.06 and a 200 day simple moving average of C$0.10.

Decibel Cannabis (CVE:DB) 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.