Decibel Cannabis Company Inc. Forecasted to Earn FY2024 Earnings of $0.02 Per Share (CVE:DB)

Decibel Cannabis Company Inc. (CVE:DBFree Report) – Stock analysts at Echelon Wealth Partners decreased their FY2024 earnings estimates for shares of Decibel Cannabis in a research report issued to clients and investors on Tuesday, April 30th. Echelon Wealth Partners analyst A. Semple now expects that the company will post earnings per share of $0.02 for the year, down from their prior estimate of $0.04. The consensus estimate for Decibel Cannabis’ current full-year earnings is $0.04 per share.

Decibel Cannabis Price Performance

Shares of DB stock opened at C$0.12 on Friday. The business has a fifty day moving average price of C$0.12. The firm has a market cap of C$47.04 million, a price-to-earnings ratio of -11.50 and a beta of 1.04. Decibel Cannabis has a 12 month low of C$0.10 and a 12 month high of C$0.19.

About Decibel Cannabis

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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.

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