Charlotte’s Web (TSE:CWEB) Trading 1.7% Higher – Here’s Why

Charlotte’s Web Holdings, Inc. (TSE:CWEB)’s share price traded up 1.7% during trading on Tuesday . The company traded as high as C$0.59 and last traded at C$0.59. 50,563 shares were traded during mid-day trading, a decline of 45% from the average session volume of 92,466 shares. The stock had previously closed at C$0.58.

Charlotte’s Web Price Performance

The company has a current ratio of 3.03, a quick ratio of 1.41 and a debt-to-equity ratio of 203.10. The stock has a market capitalization of C$94.06 million, a price-to-earnings ratio of -4.21 and a beta of 2.05. The stock has a 50-day simple moving average of C$0.35 and a 200 day simple moving average of C$0.23.

Charlotte’s Web (TSE:CWEB) last released its quarterly earnings data on Wednesday, November 12th. The company reported C($0.04) earnings per share for the quarter. The company had revenue of C$16.02 million during the quarter. Charlotte’s Web had a negative net margin of 66.35% and a negative return on equity of 83.34%. On average, equities research analysts forecast 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.