Charlotte’s Web (TSE:CWEB) Shares Up 3.8% – Still a Buy?

Charlotte’s Web Holdings, Inc. (TSE:CWEB)’s share price traded up 3.8% on Thursday . The company traded as high as C$0.42 and last traded at C$0.41. 67,880 shares were traded during trading, a decline of 56% from the average session volume of 155,554 shares. The stock had previously closed at C$0.40.

Charlotte’s Web Stock Up 3.8%

The company has a debt-to-equity ratio of -431.59, a quick ratio of 1.41 and a current ratio of 3.35. The stock has a market capitalization of C$110.93 million, a PE ratio of -1.78 and a beta of 0.80. The business has a 50 day moving average of C$0.41 and a two-hundred day moving average of C$0.68.

Charlotte’s Web (TSE:CWEB) last posted its earnings results on Thursday, August 13th. The company reported C($0.03) earnings per share (EPS) for the quarter. The company had revenue of C$15.42 million during the quarter. Charlotte’s Web had a negative net margin of 74.93% and a negative return on equity of 2,056.41%. Analysts predict that Charlotte’s Web Holdings, Inc. will post 0.0028902 EPS for the current year.

About Charlotte’s Web

Charlotte’s Web Holdings, Inc, a Certified B Corporation headquartered in Louisville, Colorado, is a botanical wellness innovation company and a market leader in hemp extract wellness that includes Charlotte’s Web whole-plant full-spectrum CBD extracts as well as broad-spectrum CBD and cannabinoid isolates. The Company’s hemp extracts have naturally occurring botanical compounds including cannabidiol (‘CBD’), CBN, CBC, CBG, THC, terpenes, flavonoids, and other beneficial compounds. Charlotte’s Web product categories include CBD oil tinctures (liquid products), CBD gummies (sleep, calming, exercise recovery, immunity), CBN gummies, hemp-derived THC microdose gummies, functional mushroom gummies, CBD capsules, CBD topical creams, and lotions, as well as CBD pet products for dogs.