CBD of Denver Inc. (CBDD) Stock Review
The CBDD stock price on the Nasdaq is $0.0004, showing no change over the past day.
CBD of Denver Inc., a leading innovator in the cannabidiol (CBD) sector, specialises in developing and commercialising CBD-infused products. The company produces, distributes, and researches premium hemp extract formulations.
CBDD Technical Analysis
According to the CBDD stock chart, the CBDD price has experienced a decline of −20.00% over the past week, a −33.33% drop compared to the previous month, and a −20.00% decrease from the prior year for CBD of Denver Inc.
CBDD peaked at $24,375.00 on September 27, 1996, and plummeted to its lowest point of $0.000001 on July 11, 2017.
The volatility of CBDD stock stands at 25.00%, with a beta coefficient of -0.15. Monitoring CBD of Denver Inc., the company’s market capitalisation has contracted to $2.80 million, marking a −20.00% decline over the past week.
For the most recent quarter, CBDD reported a net income of −$123.56 thousand, reflecting a dramatic −115.13% shift from the previous quarter’s net income of $816.52 thousand. CBDD does not provide dividends to its shareholders.
EBITDA, a critical metric for assessing operational efficiency, indicates a downturn for CBD of Denver Inc., with an EBITDA margin of −$263.88 thousand and a percentage of −8.85%.
CBDD/USD 5-Day Chart
CBDD Stock Price Prediction
The 30-day forecast for CBD of Denver Inc. (CBDD) remains largely bullish, with experts setting an average target price of $0.00466, indicating a potential increase of +1065.59% from the current value of $0.0004. The highest target price is $0.00725, while the most conservative estimate is $0.00207.
Looking ahead to 2025, analysts project that the average price for CBDD will reach $0.00718, with a peak estimate of $0.0116 and a low of $0.00282. This translates to a significant potential surge of +1696.05% from the current price.
CBDD Stock Forecast 2026-2030
In 2026, the anticipated average price for CBDD is $0.0101, suggesting a substantial rise of +2419.47%. Forecasts for the year range from a high of $0.0159 to a low of $0.00431.
Furthermore, for 2027, the expected average price is $0.013, with estimates varying between a high of $0.0202 and a low of $0.00579. This forecast implies a dramatic increase of +3142.89% from the current price, according to Stockscan research.
In 2028, CBDD is projected to average $0.0169, with a high estimate of $0.0266 and a low of $0.00728. This represents an impressive potential increase of +4135.07% from the present value.
Moreover, in 2029, the average forecasted price for CBDD is $0.0202, with projections ranging from a peak of $0.0309 to a low of $0.00951. This suggests a potential rise of +4951.45%.
Finally, for 2030, CBDD should trade between $0.011 and $0.0352, with an average price of $0.0231, representing an extraordinary potential increase of +5674.87% from its current price.
Steps on How to Buy CBDD Stock
Open a Brokerage Account
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Research CBDD Stock
Understand the company, its competitors, and industry trends before deciding.
Determine Your Investment Amount
Decide how much you’re willing to invest based on your financial goals.
Execute the Purchase
Buy the stock through your brokerage account according to your investment plan.
Set a Stop-Loss
Protect your investment by setting a stop-loss to minimise potential losses.
Manage Risk
Diversify your portfolio and stay informed to reduce risk.
Is CBDD Stock Buy or Sell?
Investing in equities demands comprehensive due diligence; you must meticulously scrutinise all pertinent data, including the company’s financial statements, relevant news developments, and technical analyses.
Accordingly, the technical analysis for CBD of Denver Inc. currently signals a sell, with a robust sell recommendation extending over the next week. Given the market’s volatility, extending projections further into the future is prudent. Over a one-month horizon, the technical indicators for CBD of Denver Inc.’s stock continue to reflect a strong sell signal.
Final Thoughts
In summary, CBDD stock presents volatility with potential for future gains, as optimistic price forecasts show. The long-term projections suggest substantial growth despite its low market cap and recent negative cash flow trends. Investors should weigh these factors carefully when considering their investment strategy.
The post CBDD Stock Analysis: What to Expect in the Coming Years appeared first on FinanceBrokerage.
