Decibel Cannabis Stock Buy Hold or Sell Recommendation
| DB Stock | CAD 0.07 0.01 6.67% |
Given the investment horizon of 90 days and your bold attitude towards risk, our recommendation regarding Decibel Cannabis is 'Strong Sell'. A buy or sell recommendation is an automated directive regarding whether to purchase or sell Decibel Cannabis given historical horizon and risk tolerance. When we issue a 'buy' or 'sell' recommendation for Decibel Cannabis, the advice is generated through an automated system that utilizes algorithms and statistical models.
Check out Decibel Cannabis Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. Note, we conduct extensive research on individual companies such as Decibel and provide practical buy, sell, or hold advice based on investors' constraints. Decibel Cannabis. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
Decibel |
Execute Decibel Cannabis Buy or Sell Advice
The Decibel recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on Decibel Cannabis. Macroaxis does not own or have any residual interests in Decibel Cannabis or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute Decibel Cannabis' advice using the current market data and latest reported fundamentals.
Time Horizon
Risk Tolerance
 |  |
Sell
Market Performance | Weak | Details | |
Volatility | Out of control | Details | |
Hype Condition | Stale | Details | |
Current Valuation | Overvalued | Details | |
Odds Of Distress | Quite High | Details | |
Economic Sensitivity | Slowly supersedes the market | Details | |
Analyst Consensus | Not Available | Details | |
Reporting Quality (M-Score) | Inapplicable | Details |
Decibel Cannabis Trading Alerts and Improvement Suggestions
| Decibel Cannabis had very high historical volatility over the last 90 days | |
| Decibel Cannabis has some characteristics of a very speculative penny stock | |
| Decibel Cannabis has high likelihood to experience some financial distress in the next 2 years | |
| Decibel Cannabis currently holds 48.39 M in liabilities with Debt to Equity (D/E) ratio of 1.4, which is about average as compared to similar companies. Decibel Cannabis has a current ratio of 0.92, indicating that it has a negative working capital and may not be able to pay financial obligations when due. Debt can assist Decibel Cannabis until it has trouble settling it off, either with new capital or with free cash flow. So, Decibel Cannabis' shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Decibel Cannabis sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Decibel to invest in growth at high rates of return. When we think about Decibel Cannabis' use of debt, we should always consider it together with cash and equity. | |
| The entity reported the previous year's revenue of 114.02 M. Net Loss for the year was (3.73 M) with profit before overhead, payroll, taxes, and interest of 26.43 M. | |
| Latest headline from news.google.com: Decibel Cannabis Company Inc. Announces Committee Changes - Marketscreener.com |
Decibel Cannabis Returns Distribution Density
The distribution of Decibel Cannabis' historical returns is an attempt to chart the uncertainty of Decibel Cannabis' future price movements. The chart of the probability distribution of Decibel Cannabis daily returns describes the distribution of returns around its average expected value. We use Decibel Cannabis price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of Decibel Cannabis returns is essential to provide solid investment advice for Decibel Cannabis.
| Mean Return | 0.37 | Value At Risk | -10 | Potential Upside | 14.29 | Standard Deviation | 7.36 |
Return Density |
| Distribution |
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of Decibel Cannabis historical returns presented in an easy-to-digest graphical form helps investors and money managers understand the risk-reward trade-off of different investement strategies.
Decibel Cannabis Cash Flow Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Change In Cash | 11.0M | (7.8M) | (1.9M) | 1.0M | (1.0M) | (963.3K) | |
| Free Cash Flow | (2.7M) | (8.5M) | (20.4M) | 4.4M | 2.9M | 3.1M | |
| Depreciation | 321K | 2.4M | 3.7M | 3.7M | 3.5M | 3.6M | |
| Other Non Cash Items | (284K) | 1.2M | (9.2M) | 8.4M | 13.7M | 14.3M | |
| Capital Expenditures | 1.3M | 4.3M | 3.2M | 3.8M | 2.1M | 1.5M | |
| Net Income | (6.5M) | (9.2M) | 1.7M | (4.5M) | (3.7M) | (3.5M) | |
| End Period Cash Flow | 11.7M | 3.8M | 1.9M | 3.0M | 3.4M | 2.4M | |
| Net Borrowings | 5.9M | 3.3M | 5.2M | (3.3M) | (3.0M) | (2.8M) | |
| Change To Netincome | 1.5M | 3.6M | (6.9M) | 10.3M | 11.8M | 12.4M |
Decibel Cannabis Greeks
Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to Decibel Cannabis or Pharmaceuticals sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that Decibel Cannabis' price will be affected by overall stock market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a Decibel stock's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
α | Alpha over Dow Jones | 0.31 | |
β | Beta against Dow Jones | 0.46 | |
σ | Overall volatility | 7.42 | |
Ir | Information ratio | 0.04 |
Decibel Cannabis Volatility Alert
Decibel Cannabis is showing large volatility of returns over the selected time horizon. Decibel Cannabis is a penny stock. Although Decibel Cannabis may be in fact a good investment, many penny stocks are subject to artificial price hype. Make sure you completely understand the upside potential and downside risk of investing in Decibel Cannabis. We encourage investors to look for signals such as message board hypes, claims of breakthroughs, email spams, sudden volume upswings, and other similar hype indicators. We also encourage traders to check biographies and work history of company officers before investing in instruments with high volatility. You can indeed make money on Decibel instrument if you perfectly time your entry and exit. However, remember that penny stocks that have been the subject of artificial hype usually unable to maintain their increased share price for more than just a few days. The price of a promoted high volatility instrument will almost always revert back. The only way to increase shareholder value is through legitimate performance backed up by solid fundamentals.Decibel Cannabis Fundamentals Vs Peers
Comparing Decibel Cannabis' fundamentals to the average values of its peers is one of the most widely used and accepted methods of equity analyses. It helps to analyze Decibel Cannabis' direct or indirect competition across all of the common fundamentals between Decibel Cannabis and the related equities. This way, we can detect undervalued stocks with similar characteristics as Decibel Cannabis or determine the stocks which would be an excellent addition to an existing portfolio. Peer analysis of Decibel Cannabis' fundamental indicators could also be used in its relative valuation, which is a method of valuing Decibel Cannabis by comparing valuation metrics with those of similar companies.
| Better Than Average | Worse Than Average | Compare Decibel Cannabis to competition |
| Fundamentals | Decibel Cannabis | Peer Average |
| Return On Equity | -0.0105 | -0.31 |
| Return On Asset | 0.0304 | -0.14 |
| Profit Margin | (0.04) % | (1.27) % |
| Operating Margin | 0.05 % | (5.51) % |
| Current Valuation | 82.46 M | 16.62 B |
| Shares Outstanding | 576.74 M | 571.82 M |
| Shares Owned By Insiders | 0.99 % | 10.09 % |
| Shares Owned By Institutions | 0.51 % | 39.21 % |
| Number Of Shares Shorted | 30.77 K | 4.71 M |
| Price To Book | 0.95 X | 9.51 X |
| Price To Sales | 0.38 X | 11.42 X |
| Revenue | 114.02 M | 9.43 B |
| Gross Profit | 26.43 M | 27.38 B |
| EBITDA | 9.26 M | 3.9 B |
| Net Income | (3.73 M) | 570.98 M |
| Cash And Equivalents | 4.46 M | 2.7 B |
| Cash Per Share | 0.01 X | 5.01 X |
| Total Debt | 48.39 M | 5.32 B |
| Debt To Equity | 1.40 % | 48.70 % |
| Current Ratio | 0.94 X | 2.16 X |
| Book Value Per Share | 0.11 X | 1.93 K |
| Cash Flow From Operations | 5.06 M | 971.22 M |
| Short Ratio | 0.12 X | 4.00 X |
| Earnings Per Share | (0.01) X | 3.12 X |
| Target Price | 0.3 | |
| Beta | 1.03 | -0.15 |
| Market Capitalization | 40.37 M | 19.03 B |
| Total Asset | 140.88 M | 29.47 B |
| Retained Earnings | (22.41 M) | 9.33 B |
| Working Capital | 15.89 M | 1.48 B |
| Net Asset | 140.88 M |
Decibel Cannabis Market Momentum
Traders often use several daily momentume indicators to supplement a more traditional technical analysis when analyzing securities such as Decibel . With many different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
| Accumulation Distribution | 1510.43 | |||
| Daily Balance Of Power | (1.00) | |||
| Rate Of Daily Change | 0.93 | |||
| Day Median Price | 0.0675 | |||
| Day Typical Price | 0.0683 | |||
| Period Momentum Indicator | (0.01) | |||
| Relative Strength Index | 48.63 |
About Decibel Cannabis Buy or Sell Advice
When is the right time to buy or sell Decibel Cannabis? Buying financial instruments such as Decibel Stock isn't very hard. However, what challenging for most investors is doing it at the right time to beat the market. Proper market timing is something most people cannot do without sophisticated tools, which help to isolate the right opportunities. Macroaxis provides hands-on modules to deliver winning trades and diversify your portfolios on a daily basis. Most of our advising modules are very easy to use and apply.
Please read more on our stock advisor page.
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Additional Tools for Decibel Stock Analysis
When running Decibel Cannabis' price analysis, check to measure Decibel Cannabis' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Decibel Cannabis is operating at the current time. Most of Decibel Cannabis' value examination focuses on studying past and present price action to predict the probability of Decibel Cannabis' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Decibel Cannabis' price. Additionally, you may evaluate how the addition of Decibel Cannabis to your portfolios can decrease your overall portfolio volatility.