Charlotte’s Web (TSE:CWEB) Stock Price Up 37% – Time to Buy?

by · The Cerbat Gem

Charlotte’s Web Holdings, Inc. (TSE:CWEB – Get Free Report) traded up 37% during trading on Friday . The stock traded as high as C$0.20 and last traded at C$0.19. 159,931 shares traded hands during trading, an increase of 152% from the average session volume of 63,452 shares. The stock had previously closed at C$0.14.

Charlotte’s Web Price Performance

The company has a debt-to-equity ratio of 203.10, a current ratio of 3.03 and a quick ratio of 1.41. The firm has a market capitalization of C$30.29 million, a PE ratio of -1.36 and a beta of 2.04. The business’s 50 day moving average is C$0.19 and its two-hundred day moving average is C$0.16.

Charlotte’s Web (TSE:CWEB – Get Free Report) last posted its quarterly earnings data on Wednesday, November 12th. The company reported C($0.04) earnings per share for the quarter. The company had revenue of C$16.02 million for the quarter. Charlotte’s Web had a negative net margin of 66.35% and a negative return on equity of 83.34%. As a group, research analysts anticipate that Charlotte’s Web Holdings, Inc. will post 0.0028902 EPS for the current year.

Charlotte’s Web Company Profile

(Get Free Report)

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.

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