Charlotte’s Web (TSE:CWEB) Trading 10% Higher – Still a Buy?

Charlotte’s Web Holdings, Inc. (TSE:CWEB)’s share price rose 10% during mid-day trading on Monday . The company traded as high as C$0.78 and last traded at C$0.77. Approximately 70,920 shares changed hands during trading, a decline of 48% from the average daily volume of 136,403 shares. The stock had previously closed at C$0.70.

Charlotte’s Web Stock Down 3.0%

The business’s 50 day simple moving average is C$0.41 and its 200 day simple moving average is C$0.25. The company has a current ratio of 3.03, a quick ratio of 1.41 and a debt-to-equity ratio of 203.10. The firm has a market capitalization of C$103.62 million, a PE ratio of -4.64 and a beta of 2.17.

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