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Cannlabs Inc
Buy, Hold or Sell?

Let's analyse Cannlabs Inc together

PenkeI guess you are interested in Cannlabs Inc. Buy, hold or sell? I don't know! However, I do recommend doing research before doing anything. I will help you with that.

I'm going to help you getting a better view of Cannlabs Inc. At the end you don't have to ask anyone for trading advice. You can make your own decision, with more confidence, the odds in your favor, backed by data.

You can find me behind Let's Analyse Together in the top-right of each section.

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Quick analysis of Cannlabs Inc (30 sec.)










What can you expect buying and holding a share of Cannlabs Inc? (30 sec.)

How much money do you get?

How much money do you get?
$0.00
When do you have the money?
1 year
How often do you get paid?
0.0%

What is your share worth?

Current worth
$0.00
Expected worth in 1 year
$0.00
How sure are you?
44.4%

+ What do you gain per year?

Total Gains per Share
$0.00
Return On Investment
93.5%

For what price can you sell your share?

Current Price per Share
$0.00
Expected price per share
$0.0011 - $0.0011
How sure are you?
50%

1. Valuation of Cannlabs Inc (5 min.)




Live pricePrice per Share (EOD)

$0.00

Intrinsic Value Per Share

$-0.01 - $0.04

Total Value Per Share

$-0.01 - $0.05

2. Growth of Cannlabs Inc (5 min.)




Is Cannlabs Inc growing?

Current yearPrevious yearGrowGrow %
How rich?$2.4m$2.1m$209.1k8.7%

How much money is Cannlabs Inc making?

Current yearPrevious yearGrowGrow %
Making money$869.1k$712.7k$156.3k18.0%
Net Profit Margin19.8%22.4%--

How much money comes from the company's main activities?

3. Financial Health of Cannlabs Inc (5 min.)




What can you expect buying and holding a share of Cannlabs Inc? (5 min.)

Welcome investor! Cannlabs Inc's management wants to use your money to grow the business. In return you get a share of Cannlabs Inc.

What can you expect buying and holding a share of Cannlabs Inc?

First you should know what it really means to hold a share of Cannlabs Inc. And how you can make/lose money.

Speculation

The Price per Share of Cannlabs Inc is $0.0011. The market price reflects what other people think it is worth; not what it's really worth. Your job is to find out if the market price is fair, overpriced, or underpriced. I will help you with that.

If you buy blind, there is a 50% chance of making or losing money by selling the stock in the future. However, we can look at a few things to determine the odds in our favor:

  • The fundamentals: the financial health trends of Cannlabs Inc.
  • The technials: based on market psychology, we can make a calculated estimate of what the price will do in the future. We can do this through technical analysis. We can calculate the probabilities and the expected value (millionaire math). That's called speculation.
  • The book value: what is the market price compared to it's book value.

Investing

If you really want to invest in Cannlabs Inc, you will have to let go of the thought of selling in the future. If you have to sell the share for less than you bought it, it can still be a good investment. Focus on what it means to hold the stock forever:

  • You own a part of the company. The equity of this part can grow or shrink. The current Book Value per Share is $0.00. Based on the TTM, the Book Value Change Per Share is $0.00 per quarter. Based on the YOY, the Book Value Change Per Share is $0.00 per quarter.
  • You may receive quarterly/yearly dividend in the form of additional shares.
  • You may receive quarterly/yearly dividend in the form of cash. Based on the TTM the Dividend per Share is $0.00 per quarter.
Based on historical numbers we can estimate the returns while holding a share of Cannlabs Inc.

How much money are you going to get?

 MRQTTMYOY5Y10Y
 $% of Price per Share$% of Price per Share$% of Price per Share$% of Price per Share$% of Price per Share
Usd Eps0.0097.2%0.0097.2%0.0079.7%0.0025.2%0.00-125.2%
Usd Book Value Change Per Share0.0023.4%0.0023.4%0.00-131.4%0.00117.7%0.0029.8%
Usd Dividend Per Share0.000.0%0.000.0%0.000.0%0.000.0%0.000.0%
Usd Total Gains Per Share0.0023.4%0.0023.4%0.00-131.4%0.00117.7%0.0029.8%
Usd Price Per Share0.01-0.01-0.03-0.05-0.19-
Price to Earnings Ratio7.48-7.48-37.65-17.93--36.39-
Price-to-Total Gains Ratio31.10-31.10--22.82-109.82-37.08-
Price to Book Ratio2.71-2.71-12.23-2.02--44.37-
Price-to-Total Gains Ratio31.10-31.10--22.82-109.82-37.08-

When do you get the money?

Usd Investment
$.00
Usd Price Per Share0.0011
Number of shares909090
Gains per QuarterTrailing 12 Months5 Year
Usd Dividend Per Share0.000.00
Usd Book Value Change Per Share0.000.00
Usd Total Gains Per Share0.000.00
Gains per Quarter (909090 shares)233.851,176.71
Gains per Year (909090 shares)935.384,706.85
YearsReturn on Investment (TTM)Return on Investment (5Y)
 DividendBook Value gainTotal gainsDividendBook Value gainTotal gains
Broker costs---10---10
10935925047074697
2018711860094149404
302806279501412114111
403742373001882718818
504677466502353423525
605612560002824128232
706548653503294832939
807483747003765537646
908418840504236242353
1009354934004706947060

How sure are you?

Based on the past periods, how sure are you to get value out of your investment.

Linear %
 Trailing 12 Months3Y5 Year10 YearALLTIME
  % % % % %
Earnings Per Share1.00.00.0100.0%3.00.00.0100.0%4.01.00.080.0%4.05.00.044.4%4.09.00.030.8%
Book Value Change Per Share1.00.00.0100.0%2.01.00.066.7%3.01.01.060.0%4.02.03.044.4%5.05.03.038.5%
Dividend per Share0.00.01.00.0%0.00.03.00.0%0.00.05.00.0%0.00.09.00.0%0.00.013.00.0%
Total Gains per Share1.00.00.0100.0%2.01.00.066.7%3.01.01.060.0%4.02.03.044.4%5.05.03.038.5%

Fundamentals of Cannlabs Inc

About Cannlabs Inc

  • 37
  • 3888 East Mexico Avenue, Denver, CO, United States, 80210
    Google Maps Bing Maps

CannLabs, Inc. provides cannabis testing laboratory services in the United States. Its testing services include potency testing, residual solvent analysis, microbiological testing, pesticide testing, heavy metals testing, nutrient analysis, terpenes analysis, shelf-life/stability studies, gene expression testing, and genotyping/phenotyping testing. The company also offers data/analytics and consulting, as well as education services. CannLabs, Inc. was incorporated in 2010 and is based in Denver, Colorado.

Fundamental data was last updated by Penke on 2024-05-15 02:27:04.

Financial Health

Profitability Details
 Compared to previous yearCompared to industry
The company is making a huge profit.
Using its assets, the company is very efficient in making profit.
Using its investors money, the company is very efficient in making profit.
Operating Efficiency Details
 Compared to previous yearCompared to industry
The company is operating efficient.
The company is less efficient in keeping operating costs low.
Liquidity Details
 Compared to previous yearCompared to industry
The company is very able to pay all its short-term debts.
The company is very able to pay all its short-term debts with the most liquid assets.
Solvency Details
 Compared to previous yearCompared to industry
The company is very able to pay all its debts by selling its assets.
The company is very able to pay all its debts with equity.

Valuation

Valuation Details
 Compared to previous yearCompared to industry
Based on the equity, the company is underpriced.
Based on the earnings, the company is cheap.
Based on how much money comes from the company's main activities, the company is cheap.

1.1. Profitability of Cannlabs Inc.

1.1. Profitability
1.1.1. Net Profit Margin

Measures how much net profit Cannlabs Inc earns for each $1 of revenue.

  • Above 10% is considered healthy but always compare Cannlabs Inc to the Drug Manufacturers - Specialty & Generic industry mean.
  • A Net Profit Margin of 19.8% means that $0.20 for each $1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of Cannlabs Inc:

  • The MRQ is 19.8%. The company is making a huge profit. +2
  • The TTM is 19.8%. The company is making a huge profit. +2
Trends
Current periodCompared to+/- 
MRQ19.8%TTM19.8%0.0%
TTM19.8%YOY22.4%-2.6%
TTM19.8%5Y-4.6%+24.4%
5Y-4.6%10Y-51.7%+47.1%
1.1.2. Return on Assets

Shows how efficient Cannlabs Inc is using its assets to generate profit.

  • Above 5% is considered healthy but always compare Cannlabs Inc to the Drug Manufacturers - Specialty & Generic industry mean.
  • 26.8% Return on Assets means that Cannlabs Inc generated $0.27 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of Cannlabs Inc:

  • The MRQ is 26.8%. Using its assets, the company is very efficient in making profit. +2
  • The TTM is 26.8%. Using its assets, the company is very efficient in making profit. +2
Trends
Current periodCompared to+/- 
MRQ26.8%TTM26.8%0.0%
TTM26.8%YOY23.9%+2.9%
TTM26.8%5Y-2.7%+29.5%
5Y-2.7%10Y-45.8%+43.1%
1.1.3. Return on Equity

Shows how efficient Cannlabs Inc is using its investors money to generate profit.

  • Above 15%-20% is considered healthy but always compare Cannlabs Inc to the Drug Manufacturers - Specialty & Generic industry mean.
  • 36.2% Return on Equity means Cannlabs Inc generated $0.36 for each $1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of Cannlabs Inc:

  • The MRQ is 36.2%. Using its investors money, the company is very efficient in making profit. +2
  • The TTM is 36.2%. Using its investors money, the company is very efficient in making profit. +2
Trends
Current periodCompared to+/- 
MRQ36.2%TTM36.2%0.0%
TTM36.2%YOY32.5%+3.7%
TTM36.2%5Y-40,079.0%+40,115.2%
5Y-40,079.0%10Y-89,119.2%+49,040.2%

1.2. Operating Efficiency of Cannlabs Inc.

1.2. Operating Efficiency
1.2.1. Operating Margin

Measures how efficient Cannlabs Inc is operating .

  • Measures how much profit Cannlabs Inc makes for each $1 of sales after paying variable costs (production costs, wages, etc) but before taxes.
  • Above 15% is considered healthy but always compare Cannlabs Inc to the Drug Manufacturers - Specialty & Generic industry mean.
  • An Operating Margin of 19.9% means the company generated $0.20  for each $1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of Cannlabs Inc:

  • The MRQ is 19.9%. The company is operating efficient. +1
  • The TTM is 19.9%. The company is operating efficient. +1
Trends
Current periodCompared to+/- 
MRQ19.9%TTM19.9%0.0%
TTM19.9%YOY22.5%-2.6%
TTM19.9%5Y-28.0%+47.9%
5Y-28.0%10Y-105.8%+77.8%
1.2.2. Operating Ratio

Measures how efficient Cannlabs Inc is keeping operating costs low.

  • Below 1 is considered healthy (always compare to Drug Manufacturers - Specialty & Generic industry mean).
  • An Operation Ratio of 0.80 means that the operating costs are $0.80 for each $1 in net sales.

Let's take a look of the Operating Ratio trends of Cannlabs Inc:

  • The MRQ is 0.801. The company is less efficient in keeping operating costs low.
  • The TTM is 0.801. The company is less efficient in keeping operating costs low.
Trends
Current periodCompared to+/- 
MRQ0.801TTM0.8010.000
TTM0.801YOY0.775+0.026
TTM0.8015Y1.280-0.479
5Y1.28010Y2.059-0.778

1.3. Liquidity of Cannlabs Inc.

1.3. Liquidity
1.3.1. Current Ratio

Measures if Cannlabs Inc is able to pay off Short-term Debt.

  • Above 1.5 is considered healthy (always compare to Drug Manufacturers - Specialty & Generic industry mean).
  • A Current Ratio of 23.93 means the company has $23.93 in assets for each $1 in short-term debts.

Let's take a look of the Current Ratio trends of Cannlabs Inc:

  • The MRQ is 23.934. The company is very able to pay all its short-term debts. +2
  • The TTM is 23.934. The company is very able to pay all its short-term debts. +2
Trends
Current periodCompared to+/- 
MRQ23.934TTM23.9340.000
TTM23.934YOY51.999-28.064
TTM23.9345Y29.034-5.099
5Y29.03410Y16.223+12.811
1.3.2. Quick Ratio

Measures if Cannlabs Inc is able to pay off Short-term Debt but only using the most liquid assets.

  • Above 1 is considered healthy but always compare Cannlabs Inc to the Drug Manufacturers - Specialty & Generic industry mean.
  • A Quick Ratio of 14.71 means the company can pay off $14.71 for each $1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of Cannlabs Inc:

  • The MRQ is 14.714. The company is very able to pay all its short-term debts with the most liquid assets. +2
  • The TTM is 14.714. The company is very able to pay all its short-term debts with the most liquid assets. +2
Trends
Current periodCompared to+/- 
MRQ14.714TTM14.7140.000
TTM14.714YOY31.408-16.694
TTM14.7145Y17.090-2.376
5Y17.09010Y9.578+7.511

1.4. Solvency of Cannlabs Inc.

1.3. Liquidity
1.4.1. Debt to Asset Ratio

Measures how much % of Cannlabs Inc assets are financed with debt.

  • Below 1 (100%) is considered healthy but always compare Cannlabs Inc to Drug Manufacturers - Specialty & Generic industry mean.
  • A Debt to Asset Ratio of 0.26 means that Cannlabs Inc assets are financed with 26.0% credit (debt) and the remaining percentage (100% - 26.0%) is financed by its owners/shareholders. 

Let's take a look of the Debt to Asset Ratio trends of Cannlabs Inc:

  • The MRQ is 0.260. The company is very able to pay all its debts by selling its assets. +2
  • The TTM is 0.260. The company is very able to pay all its debts by selling its assets. +2
Trends
Current periodCompared to+/- 
MRQ0.260TTM0.2600.000
TTM0.260YOY0.265-0.004
TTM0.2605Y0.640-0.380
5Y0.64010Y1.157-0.517
1.4.2. Debt to Equity Ratio

Measures if Cannlabs Inc is able to pay off its debts by using shareholders equity.

  • Below 2 is considered healthy but always compare Cannlabs Inc to the Drug Manufacturers - Specialty & Generic industry mean.
  • A Debt to Equity ratio of 35.2% means that company has $0.35 debt for each $1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of Cannlabs Inc:

  • The MRQ is 0.352. The company is very able to pay all its debts with equity. +2
  • The TTM is 0.352. The company is very able to pay all its debts with equity. +2
Trends
Current periodCompared to+/- 
MRQ0.352TTM0.3520.000
TTM0.352YOY0.360-0.008
TTM0.3525Y746.233-745.881
5Y746.23310Y1,657.977-911.744

2. Market Valuation of Cannlabs Inc

2.1. Earnings Per Share
2.1. Price to Earnings Ratio

Measures how much money you pay for each share for every $1 in earnings Cannlabs Inc generates.

  • Above 15 is considered overpriced but always compare Cannlabs Inc to the Drug Manufacturers - Specialty & Generic industry mean.
  • A PE ratio of 7.48 means the investor is paying $7.48 for every $1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of Cannlabs Inc:

  • The EOD is 1.029. Based on the earnings, the company is cheap. +2
  • The MRQ is 7.485. Based on the earnings, the company is cheap. +2
  • The TTM is 7.485. Based on the earnings, the company is cheap. +2
Trends
Current periodCompared to+/- 
EOD1.029MRQ7.485-6.455
MRQ7.485TTM7.4850.000
TTM7.485YOY37.647-30.162
TTM7.4855Y17.927-10.442
5Y17.92710Y-36.391+54.318
2.2. Price To Free Cash Flow Ratio

Let's take a look of the Price To Free Cash Flow Ratio trends of Cannlabs Inc:

  • The EOD is 1.158. Based on how much money comes from the company's main activities, the company is cheap. +2
  • The MRQ is 8.420. Based on how much money comes from the company's main activities, the company is cheap. +2
  • The TTM is 8.420. Based on how much money comes from the company's main activities, the company is cheap. +2
Trends
Current periodCompared to+/- 
EOD1.158MRQ8.420-7.262
MRQ8.420TTM8.4200.000
TTM8.420YOY50.309-41.889
TTM8.4205Y291.648-283.228
5Y291.64810Y116.198+175.450
2. Book Value per Share
2.3. Price to Book Ratio

Measures if the stock price of Cannlabs Inc is to cheap or to expensive compared to its book value.

Let's take a look of the Price to Book Ratio trends of Cannlabs Inc:

  • The EOD is 0.372. Based on the equity, the company is cheap. +2
  • The MRQ is 2.707. Based on the equity, the company is underpriced. +1
  • The TTM is 2.707. Based on the equity, the company is underpriced. +1
Trends
Current periodCompared to+/- 
EOD0.372MRQ2.707-2.335
MRQ2.707TTM2.7070.000
TTM2.707YOY12.233-9.525
TTM2.7075Y2.024+0.683
5Y2.02410Y-44.368+46.392
2. Total Gains per Share

3. Summary

3.1. Key Performance Indicators

The key performance indicators of Cannlabs Inc compared to the Most Recent Quarter (MRQ).

 End of day+/-Most Recent QuarterTrailing 12 Months+/-Year-Over-Year+/-5 Year+/-10 Year+/-
Book Value Change Per Share--0.0000.0000%-0.001+662%0.001-80%0.000-22%
Book Value Per Share--0.0030.0030%0.003+10%0.002+43%0.000+100%
Current Ratio--23.93423.9340%51.999-54%29.034-18%16.223+48%
Debt To Asset Ratio--0.2600.2600%0.265-2%0.640-59%1.157-77%
Debt To Equity Ratio--0.3520.3520%0.360-2%746.233-100%1657.977-100%
Dividend Per Share----0%-0%-0%-0%
Eps--0.0010.0010%0.001+22%0.000+286%-0.001+229%
Free Cash Flow Per Share--0.0010.0010%0.001+45%0.000+114%-0.001+231%
Free Cash Flow To Equity Per Share--0.0000.0000%0.000+183%0.000+60%0.000+4870%
Gross Profit Margin--1.0001.0000%1.0000%1.0000%1.046-4%
Intrinsic Value_10Y_max--0.045--------
Intrinsic Value_10Y_min---0.012--------
Intrinsic Value_1Y_max--0.001--------
Intrinsic Value_1Y_min---0.001--------
Intrinsic Value_3Y_max--0.007--------
Intrinsic Value_3Y_min---0.004--------
Intrinsic Value_5Y_max--0.014--------
Intrinsic Value_5Y_min---0.006--------
Market Cap509481.491-1177%6505317.6326505317.6320%26834435.232-76%25861507.841-75%88473903.076-93%
Net Profit Margin--0.1980.1980%0.224-12%-0.046+123%-0.517+361%
Operating Margin--0.1990.1990%0.225-12%-0.280+241%-1.058+633%
Operating Ratio--0.8010.8010%0.775+3%1.280-37%2.059-61%
Pb Ratio0.372-627%2.7072.7070%12.233-78%2.024+34%-44.368+1739%
Pe Ratio1.029-627%7.4857.4850%37.647-80%17.927-58%-36.391+586%
Price Per Share0.001-627%0.0080.0080%0.033-76%0.050-84%0.188-96%
Price To Free Cash Flow Ratio1.158-627%8.4208.4200%50.309-83%291.648-97%116.198-93%
Price To Total Gains Ratio4.276-627%31.10031.1000%-22.824+173%109.817-72%37.083-16%
Quick Ratio--14.71414.7140%31.408-53%17.090-14%9.578+54%
Return On Assets--0.2680.2680%0.239+12%-0.027+110%-0.458+271%
Return On Equity--0.3620.3620%0.325+11%-400.790+110898%-891.192+246468%
Total Gains Per Share--0.0000.0000%-0.001+662%0.001-80%0.000-22%
Usd Book Value--2402808.0002402808.0000%2193637.000+10%1349798.600+78%218493.000+1000%
Usd Book Value Change Per Share--0.0000.0000%-0.001+662%0.001-80%0.000-22%
Usd Book Value Per Share--0.0030.0030%0.003+10%0.002+43%0.000+100%
Usd Dividend Per Share----0%-0%-0%-0%
Usd Eps--0.0010.0010%0.001+22%0.000+286%-0.001+229%
Usd Free Cash Flow--772608.000772608.0000%533389.000+45%51386.800+1404%-516133.156+167%
Usd Free Cash Flow Per Share--0.0010.0010%0.001+45%0.000+114%-0.001+231%
Usd Free Cash Flow To Equity Per Share--0.0000.0000%0.000+183%0.000+60%0.000+4870%
Usd Market Cap509481.491-1177%6505317.6326505317.6320%26834435.232-76%25861507.841-75%88473903.076-93%
Usd Price Per Share0.001-627%0.0080.0080%0.033-76%0.050-84%0.188-96%
Usd Profit--869171.000869171.0000%712797.000+22%264380.600+229%-389975.778+145%
Usd Revenue--4391248.0004391248.0000%3181206.000+38%2840221.600+55%2042187.556+115%
Usd Total Gains Per Share--0.0000.0000%-0.001+662%0.001-80%0.000-22%
 EOD+4 -4MRQTTM+0 -0YOY+25 -85Y+22 -1110Y+23 -11

3.2. Fundamental Score

Let's check the fundamental score of Cannlabs Inc based on Penke's default stock scanner.

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-151.029
Price to Book Ratio (EOD)Between0-10.372
Net Profit Margin (MRQ)Greater than00.198
Operating Margin (MRQ)Greater than00.199
Quick Ratio (MRQ)Greater than114.714
Current Ratio (MRQ)Greater than123.934
Debt to Asset Ratio (MRQ)Less than10.260
Debt to Equity Ratio (MRQ)Less than10.352
Return on Equity (MRQ)Greater than0.150.362
Return on Assets (MRQ)Greater than0.050.268
Total10/10 (100.0%)

3.3. Technical Score

Let's check the technical score of Cannlabs Inc based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5024.257
Ma 20Greater thanMa 500.001
Ma 50Greater thanMa 1000.001
Ma 100Greater thanMa 2000.001
OpenGreater thanClose0.001
Total0/5 (0.0%)



Latest Balance Sheet

Balance Sheet of 2022-12-31. All numbers in thousands.

Summary
Total Assets3,249
Total Liabilities846
Total Stockholder Equity2,403
 As reported
Total Liabilities 846
Total Stockholder Equity+ 2,403
Total Assets = 3,249

Assets

Total Assets3,249
Total Current Assets2,300
Long-term Assets948
Total Current Assets
Cash And Cash Equivalents 651
Net Receivables 763
Inventory 886
Total Current Assets  (as reported)2,300
Total Current Assets  (calculated)2,300
+/-0
Long-term Assets
Property Plant Equipment 319
Long-term Assets Other 630
Long-term Assets  (as reported)948
Long-term Assets  (calculated)948
+/-0

Liabilities & Shareholders' Equity

Total Current Liabilities96
Long-term Liabilities750
Total Stockholder Equity2,403
Total Current Liabilities
Accounts payable 96
Total Current Liabilities  (as reported)96
Total Current Liabilities  (calculated)96
+/-0
Long-term Liabilities
Long-term Liabilities  (as reported)750
Long-term Liabilities  (calculated)0
+/- 750
Total Stockholder Equity
Common Stock420
Retained Earnings 2,642
Other Stockholders Equity -660
Total Stockholder Equity (as reported)2,403
Total Stockholder Equity (calculated)2,403
+/-0
Other
Cash and Short Term Investments 651
Common Stock Shares Outstanding 813,165
Liabilities and Stockholders Equity 3,249
Net Debt -651
Net Working Capital 2,204



Balance Sheet

All numbers in thousands.

 Trend2022-12-312021-12-312020-12-312019-12-312018-12-312017-12-312016-12-312014-12-312013-12-312012-12-312011-12-312010-12-312009-12-31
> Total Assets 
190
153
87
32
210
1,318
1,318
1,318
1,318
2,188
2,702
2,983
3,249
3,2492,9832,7022,1881,3181,3181,3181,3182103287153190
   > Total Current Assets 
50
55
23
29
33
262
262
262
262
1,781
1,792
2,026
2,300
2,3002,0261,7921,7812622622622623329235550
       Cash And Cash Equivalents 
50
40
23
8
33
11
11
11
11
353
499
538
651
65153849935311111111338234050
       Net Receivables 
0
15
0
19
14
144
144
144
144
592
536
685
763
76368553659214414414414414190150
       Other Current Assets 
0
0
0
0
0
107
107
107
107
0
0
0
0
000010710710710700000
   > Long-term Assets 
140
98
64
32
177
1,056
1,056
1,056
1,056
407
910
957
948
9489579104071,0561,0561,0561,056177326498140
       Property Plant Equipment 
140
98
64
32
177
996
996
996
996
342
336
327
319
319327336342996996996996177326498140
       Intangible Assets 
0
0
0
0
0
21
21
21
21
0
0
0
0
00002121212100000
       Other Assets 
0
0
0
5
4
0
0
0
0
0
0
0
0
0000000045000
> Total Liabilities 
119
86
58
30
106
2,947
2,947
2,947
2,947
325
783
789
846
8467897833252,9472,9472,9472,947106305886119
   > Total Current Liabilities 
118
86
58
30
106
1,509
1,509
1,509
1,509
125
33
39
96
9639331251,5091,5091,5091,509106305886118
       Short-term Debt 
72
33
9
11
8
456
456
456
456
0
0
0
0
000045645645645681193372
       Accounts payable 
45
5
1
15
22
932
932
932
932
125
33
39
96
96393312593293293293222151545
       Other Current Liabilities 
1
48
48
4
75
932
0
0
0
0
0
0
0
000000093275448481
   > Long-term Liabilities 
1
0
0
0
0
1,438
1,438
1,438
1,438
200
750
750
750
7507507502001,4381,4381,4381,43800001
> Total Stockholder Equity
72
67
30
2
104
1
1
1
1
1,862
1,919
2,194
2,403
2,4032,1941,9191,86211111042306772
   Common Stock
16
16
17
17
17
65
65
65
65
420
420
420
420
420420420420656565651717171616
   Retained Earnings 
-1,155
-1,234
-1,390
-1,417
-1,497
-1,606
-1,606
-1,606
-1,606
1,827
1,963
2,211
2,642
2,6422,2111,9631,827-1,606-1,606-1,606-1,606-1,497-1,417-1,390-1,234-1,155
   Capital Surplus 0000000000000
   Treasury Stock0000000000000
   Other Stockholders Equity 
1,211
1,285
1,403
1,403
1,584
6,687
6,687
6,687
6,687
-385
-464
-438
-660
-660-438-464-3856,6876,6876,6876,6871,5841,4031,4031,2851,211



Balance Sheet

All numbers in thousands.




Cash Flow

All numbers in thousands.




Income Statement

All numbers in thousands.


Latest Income Statement (annual, 2022-12-31)

Gross Profit (+$)
totalRevenue4,391
Cost of Revenue-2,329
Gross Profit2,0632,063
 
Operating Income (+$)
Gross Profit2,063
Operating Expense-1,190
Operating Income872872
 
Operating Expense (+$)
Research Development0
Selling General Administrative0
Selling And Marketing Expenses0
Operating Expense1,1900
 
Net Interest Income (+$)
Interest Income0
Interest Expense-3
Other Finance Cost-3
Net Interest Income0
 
Pretax Income (+$)
Operating Income872
Net Interest Income0
Other Non-Operating Income Expenses0
Income Before Tax (EBT)869875
EBIT - interestExpense = 869
869
872
Interest Expense3
Earnings Before Interest and Taxes (EBIT)872872
Earnings Before Interest and Taxes (EBITDA)881
 
After tax Income (+$)
Income Before Tax869
Tax Provision-0
Net Income From Continuing Ops0869
Net Income869
Net Income Applicable To Common Shares0
 
Non-recurring Events
Discontinued Operations0
Extraordinary Items0
Effect of Accounting Charges0
Other Items0
Non Recurring0
Other Operating Expenses3,519
Total Other Income/Expenses Net-30
 

Technical Analysis of Cannlabs Inc
The psychology behind the price

Technical indicators reflecting market sentiment and the collective psychology of you and other traders. Your emotions and other traders' emotions, such as fear and greed, play a significant role in driving price movements.

General trend

First of all, I'm going to put something in the back of your mind. One of the most stable factors that gives you more confidence as a trader: the general trend of Cannlabs Inc. The general trend of Cannlabs Inc is BEARISH with 100.0% confidence. It is very important for your mental being to use each indicator with this in mind. But beware, also the general trend flips once in a while! You can use moving averages to determine Cannlabs Inc's overall trend. For convenience I use the most commonly used moving averages: 20, 50, 100 & 200. Of course you can use other moving averages or other indicators to determine the trend.

Indicator phases

Some of the indicators I use have 3 zones: overbought, oversold and neutral. Transitions between these zones (market phases) provide valuable trading signals and insights. Expecially with the general trend mind, I use the highlighted phases:

Indicator zone transitionsBullish trend (-100.0%) Bearish trend (100.0%)
Overbought to neutralBullish pullback=Bearish reversal
Upper to lower neutralBullish correction=Bearish continuation
Nuetral to oversoldOversold=Oversold
Oversold to neutralBullish reversal=Bearish correction
Lower to upper neutralBullish continuation=Bearish pullback
Nuetral to overboughtOverbought=Overbought

1. Price Targets

1.1 Support & Resistance

Support and resistance are levels on a price chart that act as barriers or zones where the price of an asset tends to stop, reverse, or experience a significant amount of buying or selling pressure.

Support is a price level at which demand for an asset is strong enough to prevent the price from falling further.
Resistance is a price level at which selling pressure becomes significant enough to prevent the price of an asset from rising further.


Score

Let's take a look at the Support & Resistance of Cannlabs Inc.

The long score for the Support & Resistance is 1/1.
The longshort score for the Support & Resistance is 1/(-1 +1).

  • Around support: The price is currently trading around a support level. This can be considered as a potential entry level. +1

The bullish price targets are: 0.0011 < 0.0011 < 0.0011.

The bearish price targets are: 0.0011 > 0.0011 > 0.0011.

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Cannlabs Inc Daily Support & Resistance Chart

2. Trend Indicators

2.1 Moving Averages

Shows the moving average of the selected period.

  • Moving averages are lagging trend indicators.
  • There are many types of moving averages.
  • Moving averages are also used within other indicators.

Score

Let's take a look at the Moving Averages of Cannlabs Inc. The current mas is .

The long score for the Moving Averages is 0/14.
The longshort score for the Moving Averages is -14/(-14 +14).

  • MA 20 trending down: The MA 20 is trending down. -1
  • Close < MA 20: The price is below the MA 20. -1
  • MA 20 < MA 50: The MA 20 is lower than the MA 50. -1
  • MA 20 < MA 100: The MA 20 is lower than the MA 100. -1
  • MA 20 < MA 200: The MA 20 is lower than the MA 200. -1
  • MA 50 trending down: The MA 50 is trending down. -1
  • Close < MA 50: The price is below the MA 50. -1
  • MA 50 < MA 100: The MA 50 is lower than the MA 100. -1
  • MA 50 < MA 200: The MA 50 is lower than the MA 200. -1
  • MA 100 trending down: The MA 100 is trending down. -1
  • Close < MA 100: The price is below the MA 100. -1
  • MA 100 < MA 200: The MA 100 is lower than the MA 200. -1
  • MA 200 trending down: The MA 200 is trending down. -1
  • Close < MA 200: The price is below the MA 200. -1

Directionalities and relatives.

Moving AverageAmount of candlesTrendPrice +/-vs. MA 50vs. MA 100vs. MA 200
MA 2020
MA 5050-
MA 100100--
MA 200200---

Explanation: https://www.youtube.com/watch?v=xwW8h0lrQ-I

Cannlabs Inc Daily Moving Averages Chart
2.2 Moving Average Convergence/Divergence (MACD)

Shows the momentum of the selected period based on two moving averages.

  • MACD is a lagging momentum indicator.
  • Uses two moving averages.
  • Can show buy or sell signals based on momentum.
  • Can show overbought. and oversold. levels.

Score

Let's take a look at the Moving Average Convergence/Divergence (MACD) of Cannlabs Inc. The current macd is 0.0000.

The long score for the Moving Average Convergence/Divergence (MACD) is 3/4.
The longshort score for the Moving Average Convergence/Divergence (MACD) is 2/(-4 +4).

  • MACD line > signal line: The MACD line is above the signal line, which indicates a bullish signal in the market. This means that the positive momentum is currently stronger than the average momentum, suggesting that buyers are more active than sellers, and there's a higher probability of the Cannlabs Inc price going up in the near term. +2
  • MACD < 0: The MACD is below the zero line (centerline), it indicates a bearish signal for Cannlabs Inc. This means that the short-term moving average is lower than the long-term moving average, signaling negative momentum and suggesting a higher likelihood of the Cannlabs Inc price continuing to fall in the near future. It indicates that sellers are gaining control, and there is negativism in the market, leading to potential price decreases. -1
  • Trending up: The MACD line is trending up. This indicates that the short-term moving average is rising faster than the long-term moving average, suggesting positive momentum in the market. This signals that buyers are becoming more active and confident, leading to potential price increases as traders anticipate further gains and are willing to buy at higher prices. +1
Cannlabs Inc Daily Moving Average Convergence/Divergence (MACD) ChartCannlabs Inc Daily Moving Average Convergence/Divergence (MACD) Chart
2.3 Directional Movement Index (DMI)

The DMI is a collection of 3 indicators: +DI (Plus Direction Indicator), -DI (Minus Direction Indicator) and ADX (Average Directional Index). The ADX helps you determine the strength of a trend.


Score

Let's take a look at the Directional Movement Index (DMI) of Cannlabs Inc. The current adx is 79.60.

The long score for the Directional Movement Index (DMI) is 0/7.
The longshort score for the Directional Movement Index (DMI) is -4/(-7 +7).

  • PLUS_ID < MINUS_DI: The +DI line is below the -DI line. This indicates a bearish signal in the market, as the negative directional movement is currently stronger than the positive directional movement, showing that sellers have the upper hand. Market psychology suggests that traders are pessimistic, expecting further price decreases, and are more willing to sell Cannlabs Inc shares, leading to potential downward momentum in its price. -1
  • PLUS_ID < MINUS_DI && ADX > 25 && ADX trending up: The ADX is above 25 and indicates a strong bearish trend. The ADX is trending up, so the bearish trend is strengthening.
Cannlabs Inc Daily Directional Movement Index (DMI) Chart
2.4 Parabolic SAR

Shows the current trend and potential entry and exit signals.

  • Parabolic SAR (stop and reverse) is a lagging trend indicator.
  • Shows the current trend.
  • Shows potential entry signals.
  • Shows  potential exit signals.
  • Can be used to place trailing stoplosses..

Score

Let's take a look at the Parabolic SAR of Cannlabs Inc. The current sar is 0.00075025.

The long score for the Parabolic SAR is 1/1.
The longshort score for the Parabolic SAR is 1/(-1 +1).

  • Close > SAR: The price is above the SAR. It's generally considered a bullish signal. +1
Cannlabs Inc Daily Parabolic SAR Chart

3. Momentum Indicators

3.1 Relative Strength Index (RSI)

Measures the speed and change of price movements.

  • Leading momentum indicator, meaning the signals are instant.
  • Ranges between 0 and 100.
  • Above 70 is considered overbought.
  • Below 30 is considered oversold.
  • Above or below 50 can also be used to determine price trend or support and resistance.
  • RSI divergence looks at a deviation between RSI and price movement. Penketrading automatically calculates RSI divergences.
  • Can be used in many different ways

Score

Let's take a look at the Relative Strength Index (RSI) of Cannlabs Inc. The current rsi is 24.26. The current phase is Oversold in bear market.

The long score for the Relative Strength Index (RSI) is 1/13.
The longshort score for the Relative Strength Index (RSI) is 1/(-13 +13).

  • Oversold in bear market: Short-term excessive selling, potential for relief rally. Be cautious, consider taking short-term long positions. +1
Cannlabs Inc Daily Relative Strength Index (RSI) ChartCannlabs Inc Daily Relative Strength Index (RSI) Chart
3.2 Stochastic Oscillator

Compares a certain price to multiple prices ranging over time.

  • Leading momentum indicator, meaning the signals are instant.
  • Used to determine overbought and oversold areas much like the RSI.
  • Ranges between 0 and 100.
  • Above 80 is considered overbought.
  • Below 20 is considered oversold.
  • Consists of two lines named K and D.
  • K compares the highest high and lowest low on the selected price range.
  • The D line is a moving average of the K line.
  • Can be used to spot divergences

Score

Let's take a look at the Stochastic Oscillator of Cannlabs Inc. The current phase is Oversold in bear market.

The long score for the Stochastic Oscillator is 0/6.
The longshort score for the Stochastic Oscillator is -6/(-6 +6).

  • STOCH < 50: The STOCH %K is below 50. There are more sellers than buyers. -1
  • STOCH < 20: The STOCH %K is below 20 and oversold. -2
  • STOCH %K line < STOCH %D line: The STOCH %K line is below the STOCH %D line, which indicates a bearish signal in the market. This means that the negative momentum is currently stronger than the average momentum, suggesting that sellers are more active than buyers, and there's a higher probability of the Cannlabs Inc price going down in the near term. -2
  • Trending down: The STOCH %K is trending down. -1
Cannlabs Inc Daily Stochastic Oscillator ChartCannlabs Inc Daily Stochastic Oscillator Chart
3.3 Commodity Channel Index (CCI)

Measures the difference between the current price and the historical average price.

  • Lagging or leading Momentum indicator
  • When the CCI is above zero, the price is above the historical average
  • When the CCI is below zero, the price is below the historical average
  • Used for spotting trends
    • If the CCI moves from negative or near zero to positive 100 that might indicate an uptrend
    • If the CCI moves from positive or near zero to negative -100 that might indicate a downtrend

Score

Let's take a look at the Commodity Channel Index (CCI) of Cannlabs Inc. The current cci is 0.

Cannlabs Inc Daily Commodity Channel Index (CCI) ChartCannlabs Inc Daily Commodity Channel Index (CCI) Chart
3.4 Chande Momentum Oscillator (CMO)

Measures the difference between the sum of recent gains and the sum of recent losses. Then divides the result by the sum of all price movements in that period.

  • Lagging momentum indicator
  • Ranges between +100 and -100
  • Considered overbought above +50
  • Considered oversold below -50
  • It's possible to add a moving average that acts as a signal line

Score

Let's take a look at the Chande Momentum Oscillator (CMO) of Cannlabs Inc. The current cmo is 0.

Cannlabs Inc Daily Chande Momentum Oscillator (CMO) ChartCannlabs Inc Daily Chande Momentum Oscillator (CMO) Chart
3.5 Williams %R

 Shows the current price relative to the highest high over the last 14 days.
 

  • Lagging momentum indicator
  • Ranging between 0 and -100
  • Above -20 is considered overbought
  • Below -80 is considered oversold
  • Is prone to give false signals

Score

Let's take a look at the Williams %R of Cannlabs Inc. The current willr is 0.

The long score for the Williams %R is 1/1.
The longshort score for the Williams %R is 1/(-1 +1).

  • WILLR > -20: The Williams %R is above -20. This indicates that the price is in overbought territory, suggesting a potential price correction or trend reversal to the downside. +1
Cannlabs Inc Daily Williams %R ChartCannlabs Inc Daily Williams %R Chart

4. Volatility Indicators

4.1 Bollinger Bands

Shows if the price is to high or to low relative to an average.

  • Lagging volatility indicator
  • Uses 3 bands: one upper, one lower and one in the middle
  • Works best when the middle band reflects an intermediate trend (MA20).
  • When the price is moving closer to the upper band, the market might be overbought
  • When the price is moving closer to the lower band, the market might be oversold 

Score

Let's take a look at the Bollinger Bands of Cannlabs Inc.

Cannlabs Inc Daily Bollinger Bands Chart
4.2 Average True Range (ATR)
Measures market volatility
  • Leading volatility indicator
  • Can be used to determine stop-loss positions
  • Calculated by:
    • Current high minus the current low
    • Current high minus the previous close
    • Current low minus the previous close
  • The larger the range of the candles, the greater the ATR value

Score

Let's take a look at the Average True Range (ATR) of Cannlabs Inc. The current atr is 0.0000.

Cannlabs Inc Daily Average True Range (ATR) ChartCannlabs Inc Daily Average True Range (ATR) Chart

5. Volume Indicators

5.1 On-Balance Volume (OBV)

 Measures market volatility

  • Leading momentum indicator
  • Calculation:
    • If the closing price is above the previous closing price: OBV = previous OBV + current volume
    • If the closing price is below the previous closing price: OBV = previous OBV - current volume
    • If the closing price is the same as the previous closing price than the OBV is the same.
  • Can be used to confirm price trends
  • Can be used with divergences

Score

Let's take a look at the On-Balance Volume (OBV) of Cannlabs Inc. The current obv is -2,271,040.

Cannlabs Inc Daily On-Balance Volume (OBV) ChartCannlabs Inc Daily On-Balance Volume (OBV) Chart
5.2 Money Flow Index (MFI)

Measures the flow of money in and out of a security

  • Lagging momentum indicator
  • Looks like RSI but uses volume as an extra metric (RSI only considers price)
  • Above 80 is considered overbought
  • Below 20 is considered oversold
  • Can be used with divergences

Score

Let's take a look at the Money Flow Index (MFI) of Cannlabs Inc. The current mfi is 0.

The long score for the Money Flow Index (MFI) is 0/2.
The longshort score for the Money Flow Index (MFI) is -2/(-2 +2).

  • MFI < 50: -1
  • MFI < 20: -1
Cannlabs Inc Daily Money Flow Index (MFI) ChartCannlabs Inc Daily Money Flow Index (MFI) Chart

6. Summary

6.1. Notifications

TypeNotificationDate
PenkeCurrently no notifications for Cannlabs Inc.

6.2. Trading Signals

Below you will find trading signals as the indicator is commonly used. This doesn't mean you should use it that way. Learn from these, but don't use them blindly. I recommend using at least 4 indicators, 1 from each category: trend, momentum, volatility and volume.

DateIndicatorSignal
2024-01-04MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
2024-01-05STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-19MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2024-01-22MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2024-03-12SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.

6.3. Candlestick Patterns

Cannlabs Inc Daily Candlestick Chart
DateCandlestick Pattern

6.4. Technical Score

Let's check the technical score of Cannlabs Inc based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5024.257
Ma 20Greater thanMa 500.001
Ma 50Greater thanMa 1000.001
Ma 100Greater thanMa 2000.001
OpenGreater thanClose0.001
Total0/5 (0.0%)
Penke

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