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
Choose a reliable platform from our list to get started. - 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.
