Charlotte’s Web (TSE:CWEB) Shares Down 2.9% – Time to Sell?

Shares of Charlotte’s Web Holdings, Inc. (TSE:CWEB) traded down 2.9% on Thursday . The company traded as low as C$0.33 and last traded at C$0.33. Approximately 15,159 shares were traded during trading, a decline of 91% from the average daily volume of 163,240 shares. The stock had previously closed at C$0.34.

Charlotte’s Web Trading Down 2.9%

The stock has a market cap of C$89.28 million, a price-to-earnings ratio of -1.43 and a beta of 1.01. The company has a debt-to-equity ratio of -431.59, a current ratio of 3.35 and a quick ratio of 1.41. The company’s fifty day moving average price is C$0.52 and its 200-day moving average price is C$0.70.

Charlotte’s Web (TSE:CWEB) last released its earnings results on Wednesday, May 13th. The company reported C($0.11) 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 company had revenue of C$11.16 million during the quarter. On average, research analysts expect that Charlotte’s Web Holdings, Inc. will post 0.0028902 EPS 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.