FY2023 Earnings Estimate for Decibel Cannabis Company Inc. (CVE:DB) Issued By Haywood Securities

Decibel Cannabis Company Inc. (CVE:DBFree Report) – Research analysts at Haywood Securities decreased their FY2023 earnings per share (EPS) estimates for shares of Decibel Cannabis in a note issued to investors on Tuesday, January 30th. Haywood Securities analyst N. Gilmer now anticipates that the company will earn $0.03 per share for the year, down from their previous forecast of $0.04. The consensus estimate for Decibel Cannabis’ current full-year earnings is $0.04 per share.

DB has been the topic of several other research reports. Echelon Wealth Partners restated a “speculative buy” rating and set a C$0.35 price target on shares of Decibel Cannabis in a report on Wednesday, December 20th. Atb Cap Markets restated an “outperform” rating on shares of Decibel Cannabis in a report on Friday, October 27th.

Read Our Latest Stock Analysis on Decibel Cannabis

Decibel Cannabis Stock Performance

DB opened at C$0.14 on Wednesday. The business’s 50-day moving average price is C$0.13. Decibel Cannabis has a 12-month low of C$0.12 and a 12-month high of C$0.19. The firm has a market cap of C$55.22 million, a price-to-earnings ratio of -13.50 and a beta of 1.06.

Decibel Cannabis Company Profile

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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 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.

Further Reading

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