Charlotte’s Web (TSE:CWEB) Trading 3.8% Higher – Time to Buy?

Charlotte’s Web Holdings, Inc. (TSE:CWEB) rose 3.8% during mid-day trading on Thursday . The stock traded as high as C$0.42 and last traded at C$0.41. Approximately 67,880 shares changed hands 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 Trading Up 1.2%

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 firm has a market capitalization of C$112.28 million, a price-to-earnings ratio of -1.80 and a beta of 0.80. The business has a fifty day moving average price of C$0.40 and a 200 day moving average price of C$0.68.

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