Charlotte’s Web (TSE:CWEB) Stock Price Down 6.2% – Time to Sell?

Charlotte’s Web Holdings, Inc. (TSE:CWEB) was down 6.2% during trading on Monday. The stock traded as low as C$0.38 and last traded at C$0.38. 103,755 shares changed hands during mid-day trading, a decline of 25% from the average daily volume of 138,966 shares. The stock had previously closed at C$0.41.

Charlotte’s Web Stock Down 6.2%

The company has a current ratio of 4.19, a quick ratio of 1.41 and a debt-to-equity ratio of 23.29. The firm has a market cap of C$103.09 million, a PE ratio of -1.81 and a beta of 0.81. The stock has a fifty day simple moving average of C$0.40 and a two-hundred day simple moving average of C$0.58.

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

Insiders Place Their Bets

In other news, insider Raymond Kunkel bought 137,935 shares of the stock in a transaction on Thursday, September 3rd. The shares were acquired at an average cost of C$0.28 per share, for a total transaction of C$38,621.80. Following the purchase, the insider directly owned 914,929 shares of the company’s stock, valued at C$256,180.12. This trade represents a 17.75% increase in their position. Company insiders own 11.25% of the company’s stock.

Charlotte’s Web Company Profile

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.