Charlotte’s Web (TSE:CWEB) Trading 11.1% Higher – Time to Buy?

Charlotte’s Web Holdings, Inc. (TSE:CWEB) shares were up 11.1% during mid-day trading on Thursday . The stock traded as high as C$0.15 and last traded at C$0.15. Approximately 393,843 shares were traded during mid-day trading, an increase of 504% from the average daily volume of 65,212 shares. The stock had previously closed at C$0.14.

Charlotte’s Web Stock Performance

The firm has a market capitalization of C$20.72 million, a price-to-earnings ratio of -0.93 and a beta of 1.95. The stock has a 50-day moving average price of C$0.20 and a 200 day moving average price of C$0.15. The company has a quick ratio of 1.41, a current ratio of 3.03 and a debt-to-equity ratio of 203.10.

Charlotte’s Web (TSE:CWEB) last issued its quarterly earnings results on Wednesday, November 12th. The company reported C($0.04) earnings per share (EPS) for the quarter. The firm 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%. On average, analysts forecast that Charlotte’s Web Holdings, Inc. will post 0.0028902 EPS 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.