Charlotte’s Web (TSE:CWEB) Stock Falls 16.4% – Time to Sell?

Shares of Charlotte’s Web Holdings, Inc. (TSE:CWEB) fell 16.4% on Monday. The stock traded as low as C$0.26 and last traded at C$0.26. 182,164 shares traded hands during mid-day trading, an increase of 45% from the average session volume of 125,710 shares. The stock had previously closed at C$0.30.

Charlotte’s Web Stock Performance

The company’s 50-day moving average is C$0.38 and its two-hundred day moving average is C$0.59. The company has a market cap of C$69.18 million, a P/E ratio of -1.21 and a beta of 0.82. The company has a quick ratio of 1.41, a current ratio of 4.19 and a debt-to-equity ratio of 23.29.

Charlotte’s Web (TSE:CWEB) last posted its quarterly earnings results on Thursday, August 13th. The company reported C($0.03) EPS for the quarter. The company had revenue of C$15.42 million during the quarter. Charlotte’s Web had a negative return on equity of 283.89% and a negative net margin of 73.65%. Equities analysts predict that Charlotte’s Web Holdings, Inc. will post 0.00 EPS for the current year.

Insider Transactions at Charlotte’s Web

In related news, insider Raymond Kunkel acquired 137,935 shares of the company’s stock in a transaction that occurred on Thursday, September 3rd. The shares were acquired at an average price of C$0.28 per share, with a total value of C$38,621.80. Following the acquisition, the insider owned 914,929 shares of the company’s stock, valued at approximately 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.