Charlotte’s Web (TSE:CWEB) Trading Down 18.1% – Here’s Why

Shares of Charlotte’s Web Holdings, Inc. (TSE:CWEB) traded down 18.1% during trading on Thursday . The stock traded as low as C$0.59 and last traded at C$0.59. 604,676 shares changed hands during trading, an increase of 347% from the average session volume of 135,381 shares. The stock had previously closed at C$0.72.

Charlotte’s Web Trading Up 18.6%

The firm’s 50 day moving average price is C$0.38 and its 200-day moving average price is C$0.24. The company has a debt-to-equity ratio of 203.10, a current ratio of 3.03 and a quick ratio of 1.41. The stock has a market cap of C$111.59 million, a P/E ratio of -5.00 and a beta of 2.05.

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

Charlotte’s Web Company Profile

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.