Charlotte’s Web (TSE:CWEB) Stock Price Down 2.9% – Here’s Why

Charlotte’s Web Holdings, Inc. (TSE:CWEB)’s share price traded down 2.9% on Thursday . The stock traded as low as C$0.33 and last traded at C$0.33. 15,159 shares were traded during trading, a decline of 91% from the average daily volume of 163,240 shares. The stock had previously closed at C$0.34.

Charlotte’s Web Stock Down 2.9%

The firm has a market capitalization of C$89.28 million, a price-to-earnings ratio of -1.43 and a beta of 1.01. The company has a debt-to-equity ratio of -431.59, a current ratio of 3.35 and a quick ratio of 1.41. The business has a fifty day moving average price of C$0.52 and a two-hundred day moving average price of C$0.70.

Charlotte’s Web (TSE:CWEB) last released its earnings results on Wednesday, May 13th. The company reported C($0.11) EPS for the quarter. The firm had revenue of C$11.16 million for the quarter. Charlotte’s Web had a negative return on equity of 2,056.41% and a negative net margin of 74.93%. On average, equities analysts expect 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.