Charlotte’s Web (TSE:CWEB) Shares Up 17.9% – What’s Next?

Charlotte’s Web Holdings, Inc. (TSE:CWEB) was up 17.9% on Wednesday . The stock traded as high as C$0.46 and last traded at C$0.46. Approximately 248,868 shares were traded during mid-day trading, an increase of 213% from the average daily volume of 79,607 shares. The stock had previously closed at C$0.39.

Charlotte’s Web Stock Up 19.2%

The stock has a market capitalization of C$74.13 million, a price-to-earnings ratio of -3.32 and a beta of 2.04. The firm has a 50-day moving average of C$0.20 and a 200 day moving average of C$0.17. The company has a current ratio of 3.03, a quick ratio of 1.41 and a debt-to-equity ratio of 203.10.

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