Charlotte’s Web (TSE:CWEB) Trading Down 7.8% – What’s Next?

Charlotte’s Web Holdings, Inc. (TSE:CWEB)’s share price was down 7.8% during trading on Friday . The stock traded as low as C$1.18 and last traded at C$1.19. Approximately 123,898 shares were traded during trading, a decline of 33% from the average daily volume of 185,107 shares. The stock had previously closed at C$1.29.

Charlotte’s Web Price Performance

The company has a market capitalization of C$199.28 million, a PE ratio of -8.93 and a beta of 2.17. 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 stock has a 50 day moving average price of C$0.59 and a two-hundred day moving average price of C$0.32.

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