Charlotte’s Web (TSE:CWEB) Shares Up 20.6% – Time to Buy?

Charlotte’s Web Holdings, Inc. (TSE:CWEB)’s stock price rose 20.6% during trading on Thursday . The stock traded as high as C$0.50 and last traded at C$0.48. 123,845 shares changed hands during mid-day trading, a decline of 28% from the average session volume of 172,012 shares. The stock had previously closed at C$0.40.

Charlotte’s Web Stock Up 20.0%

The stock has a market capitalization of C$129.86 million, a P/E ratio of -2.09 and a beta of 0.77. The firm’s fifty day moving average is C$0.64 and its 200-day moving average is C$0.69. The company has a current ratio of 3.35, a quick ratio of 1.41 and a debt-to-equity ratio of -431.59.

Charlotte’s Web (TSE:CWEB) last issued its quarterly earnings data on Wednesday, May 13th. The company reported C($0.11) earnings per share for the quarter. Charlotte’s Web had a negative return on equity of 2,056.41% and a negative net margin of 74.93%.The firm had revenue of C$11.16 million for the quarter. As a group, equities research 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.