Charlotte’s Web (TSE:CWEB) Shares Up 17.1% – Should You Buy?

Charlotte’s Web Holdings, Inc. (TSE:CWEB) shares rose 17.1% during trading on Tuesday . The company traded as high as C$0.91 and last traded at C$0.89. Approximately 560,827 shares were traded during mid-day trading, an increase of 270% from the average daily volume of 151,498 shares. The stock had previously closed at C$0.76.

Charlotte’s Web Stock Performance

The company has a quick ratio of 1.41, a current ratio of 3.03 and a debt-to-equity ratio of 203.10. The firm has a market cap of C$141.88 million, a P/E ratio of -6.36 and a beta of 2.17. The business has a fifty day simple moving average of C$0.45 and a 200-day simple moving average of C$0.27.

Charlotte’s Web (TSE:CWEB) last released its earnings results on Wednesday, November 12th. The company reported C($0.04) earnings per share for the quarter. The business 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, sell-side analysts predict 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.