Charlotte’s Web (TSE:CWEB) Stock Price Down 14.5% – What’s Next?

Charlotte’s Web Holdings, Inc. (TSE:CWEB) was down 14.5% on Tuesday . The stock traded as low as C$0.47 and last traded at C$0.47. Approximately 102,542 shares were traded during mid-day trading, an increase of 35% from the average daily volume of 75,735 shares. The stock had previously closed at C$0.55.

Charlotte’s Web Stock Performance

The company has a quick ratio of 1.41, a current ratio of 3.03 and a debt-to-equity ratio of 203.10. The stock has a market capitalization of C$74.93 million, a price-to-earnings ratio of -3.36 and a beta of 2.05. The firm has a fifty day moving average of C$0.24 and a 200-day moving average of C$0.19.

Charlotte’s Web (TSE:CWEB) last released its quarterly earnings data on Wednesday, November 12th. The company reported C($0.04) EPS for the quarter. Charlotte’s Web had a negative return on equity of 83.34% and a negative net margin of 66.35%.The business had revenue of C$16.02 million during the quarter. As a group, sell-side analysts anticipate that Charlotte’s Web Holdings, Inc. will post 0.0028902 EPS for the current year.

About Charlotte’s Web

Charlottes Web Holdings Inc is engaged in the production and distribution of hemp-based cannabidiol (CBD) wellness products. Its product categories include ingestible products (tinctures, capsules, and gummies), topicals, and pet products. The company distributes its products through an e-commerce website, third-party e-commerce websites, select distributors, health practitioners, and a variety of brick and mortar specialty retailers.