Charlotte’s Web (TSE:CWEB) Trading Down 2.9% – Here’s Why

Charlotte’s Web Holdings, Inc. (TSE:CWEB)’s share price was down 2.9% during mid-day trading on Thursday . The stock traded as low as C$0.33 and last traded at C$0.33. 15,159 shares were traded during mid-day 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 Price Performance

The stock’s 50-day moving average is C$0.51 and its 200-day moving average is C$0.70. The firm has a market cap of C$86.58 million, a P/E ratio of -1.39 and a beta of 1.01. The company has a quick ratio of 1.41, a current ratio of 3.35 and a debt-to-equity ratio of -431.59.

Charlotte’s Web (TSE:CWEB) last issued its quarterly earnings results on Wednesday, May 13th. The company reported C($0.11) earnings per share for the quarter. The company had revenue of C$11.16 million during the quarter. Charlotte’s Web had a negative net margin of 74.93% and a negative return on equity of 2,056.41%. As a group, equities analysts anticipate that Charlotte’s Web Holdings, Inc. will post 0.0028902 EPS for the current fiscal year.

About Charlotte’s Web

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.