Charlotte’s Web (TSE:CWEB) Trading 20.6% Higher – Time to Buy?

Charlotte’s Web Holdings, Inc. (TSE:CWEB)’s stock price was up 20.6% during trading on Thursday . The stock traded as high as C$0.50 and last traded at C$0.48. 123,845 shares changed hands during trading, a decline of 28% from the average daily volume of 172,012 shares. The stock had previously closed at C$0.40.

Charlotte’s Web Stock Down 1.1%

The firm has a market capitalization of C$119.04 million, a price-to-earnings ratio of -1.91 and a beta of 0.77. The company has a current ratio of 3.35, a quick ratio of 1.41 and a debt-to-equity ratio of -431.59. The firm has a 50 day moving average price of C$0.62 and a two-hundred day moving average price of C$0.69.

Charlotte’s Web (TSE:CWEB) last posted its earnings results on Wednesday, May 13th. The company reported C($0.11) earnings per share (EPS) for the quarter. Charlotte’s Web had a negative return on equity of 2,056.41% and a negative net margin of 74.93%.The business had revenue of C$11.16 million for the quarter. On average, equities analysts expect that Charlotte’s Web Holdings, Inc. will post 0.0028902 earnings per share for the current fiscal year.

Charlotte’s Web Company Profile

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.