Decibel Therapeutics Announces Approval of Clinical Trial Application by the Spanish Agency of Medicines and Medical Devices to Initiate Clinical Development of Lead Gene Therapy Candidate DB-OTO
DBTXDelisted Stock | USD 3.08 0.02 0.65% |
Slightly above 62% of Decibel Therapeutics' investor base is looking to short. The analysis of current outlook of investing in Decibel Therapeutics suggests that many traders are alarmed regarding Decibel Therapeutics' prospects. Decibel Therapeutics' investing sentiment can be driven by a variety of factors including economic data, Decibel Therapeutics' earnings reports, geopolitical events, and overall market trends.
Decibel |
CTA authorization provides approval for the Company to expand its planned CHORD Phase 12 clinical trial of DB-OTO to patients in Spain aged two years and youngerBOSTON, May 12, 2023 Decibel Therapeutics , a clinical-stage biotechnology company dedicated to discovering and developing transformative treatments to restore and improve hearing and balance, today announced approval of its Clinical Trial Application by the Spanish Agency of Medicines and Medica
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Decibel Therapeutics Fundamental Analysis
We analyze Decibel Therapeutics' financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Decibel Therapeutics using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Decibel Therapeutics based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Working Capital
Working Capital Comparative Analysis
Decibel Therapeutics is currently under evaluation in working capital category among its peers. Working Capital is a measure of company efficiency and operating liquidity. The working capital is usually calculated by subtracting Current Liabilities from Current Assets. It is an important indicator of the firm ability to continue its normal operations without additional debt obligations. .
Decibel Therapeutics Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Decibel Therapeutics stock to make a market-neutral strategy. Peer analysis of Decibel Therapeutics could also be used in its relative valuation, which is a method of valuing Decibel Therapeutics by comparing valuation metrics with similar companies.
Peers
Decibel Therapeutics Related Equities
ANTX | AN2 Therapeutics | 21.90 | ||||
CCCC | C4 Therapeutics | 8.59 | ||||
EWTX | Edgewise Therapeutics | 2.48 | ||||
IKNA | Ikena Oncology | 2.37 | ||||
HOWL | Werewolf Therapeutics | 1.52 | ||||
ADAG | Adagene | 1.30 | ||||
RZLT | Rezolute | 1.00 | ||||
ACRV | Acrivon Therapeutics, | 0.80 | ||||
ANEB | Anebulo Pharmaceuticals | 0.70 | ||||
MOLN | Molecular Partners | 0.17 | ||||
AVTE | Aerovate Therapeutics | 0.38 | ||||
CELC | Celcuity LLC | 0.39 | ||||
ELYM | Eliem Therapeutics | 5.88 | ||||
HCWB | HCW Biologics | 6.00 |
Check out Investing Opportunities to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as various price indices. You can also try the Portfolio Backtesting module to avoid under-diversification and over-optimization by backtesting your portfolios.
Other Consideration for investing in Decibel Stock
If you are still planning to invest in Decibel Therapeutics check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Decibel Therapeutics' history and understand the potential risks before investing.
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