Charlotte’s Web (TSE:CWEB) Trading Up 2.4% – Still a Buy?

Charlotte’s Web Holdings, Inc. (TSE:CWEB) rose 2.4% during trading on Thursday . The stock traded as high as C$0.42 and last traded at C$0.42. 143,945 shares were traded during trading, a decline of 3% from the average daily volume of 149,117 shares. The stock had previously closed at C$0.41.

Charlotte’s Web Stock Up 2.4%

The firm has a market capitalization of C$113.94 million, a PE ratio of -2.00 and a beta of 0.80. The firm’s 50-day moving average is C$0.39 and its 200 day moving average is C$0.65. The company has a debt-to-equity ratio of 23.29, a quick ratio of 1.41 and a current ratio of 4.19.

Charlotte’s Web (TSE:CWEB) last announced its quarterly earnings data on Thursday, August 13th. The company reported C($0.03) earnings per share (EPS) for the quarter. Charlotte’s Web had a negative net margin of 73.65% and a negative return on equity of 283.89%. The firm had revenue of C$15.42 million for the quarter. As a group, research analysts forecast that Charlotte’s Web Holdings, Inc. will post 0.0028902 earnings per share for the current fiscal year.

About Charlotte’s Web

Charlotte’s Web Holdings, Inc, a Certified B Corporation headquartered in Louisville, Colorado, is a botanical wellness innovation company and a market leader in hemp extract wellness that includes Charlotte’s Web whole-plant full-spectrum CBD extracts as well as broad-spectrum CBD and cannabinoid isolates. The Company’s hemp extracts have naturally occurring botanical compounds including cannabidiol (‘CBD’), CBN, CBC, CBG, THC, terpenes, flavonoids, and other beneficial compounds. Charlotte’s Web product categories include CBD oil tinctures (liquid products), CBD gummies (sleep, calming, exercise recovery, immunity), CBN gummies, hemp-derived THC microdose gummies, functional mushroom gummies, CBD capsules, CBD topical creams, and lotions, as well as CBD pet products for dogs.