Charlotte’s Web (TSE:CWEB) Trading Up 1.7% – Should You Buy?

Charlotte’s Web Holdings, Inc. (TSE:CWEB) shot up 1.7% on Tuesday . The stock traded as high as C$0.59 and last traded at C$0.59. 50,563 shares traded hands during trading, a decline of 45% from the average session volume of 92,466 shares. The stock had previously closed at C$0.58.

Charlotte’s Web Stock Performance

The company has a market cap of C$94.06 million, a P/E ratio of -4.21 and a beta of 2.05. The company has a quick ratio of 1.41, a current ratio of 3.03 and a debt-to-equity ratio of 203.10. The stock’s 50-day moving average price is C$0.35 and its 200 day moving average price is C$0.23.

Charlotte’s Web (TSE:CWEB) last released its earnings results on Wednesday, November 12th. The company reported C($0.04) earnings per share for the quarter. The firm had revenue of C$16.02 million for the quarter. Charlotte’s Web had a negative return on equity of 83.34% and a negative net margin of 66.35%. As a group, research analysts expect that Charlotte’s Web Holdings, Inc. will post 0.0028902 EPS for the current fiscal 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.