Charlotte’s Web (TSE:CWEB) Shares Down 18.1% – Here’s Why

Charlotte’s Web Holdings, Inc. (TSE:CWEB)’s share price traded down 18.1% during mid-day trading on Thursday . The company traded as low as C$0.59 and last traded at C$0.59. 604,676 shares traded hands during trading, an increase of 347% from the average session volume of 135,381 shares. The stock had previously closed at C$0.72.

Charlotte’s Web Price Performance

The company has a debt-to-equity ratio of 203.10, a quick ratio of 1.41 and a current ratio of 3.03. The company has a 50-day moving average price of C$0.36 and a 200-day moving average price of C$0.24. The firm has a market capitalization of C$94.06 million, a P/E ratio of -4.21 and a beta of 2.05.

Charlotte’s Web (TSE:CWEB) last issued its quarterly earnings data on Wednesday, November 12th. The company reported C($0.04) EPS for the quarter. Charlotte’s Web had a negative return on equity of 83.34% and a negative net margin of 66.35%.The business had revenue of C$16.02 million for the quarter. On average, sell-side analysts predict that Charlotte’s Web Holdings, Inc. will post 0.0028902 earnings per share 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.