Charlotte’s Web (TSE:CWEB) Stock Price Down 15.2% – Time to Sell?

Charlotte’s Web Holdings, Inc. (TSE:CWEB)’s stock price fell 15.2% during trading on Wednesday . The company traded as low as C$0.54 and last traded at C$0.56. 577,325 shares changed hands during trading, an increase of 221% from the average session volume of 180,011 shares. The stock had previously closed at C$0.66.

Charlotte’s Web Price Performance

The firm’s 50 day simple moving average is C$0.76 and its two-hundred day simple moving average is C$0.65. The firm has a market cap of C$154.21 million, a price-to-earnings ratio of -2.48 and a beta of 1.72. The company has a current ratio of 3.35, a quick ratio of 1.41 and a debt-to-equity ratio of -431.59.

Charlotte’s Web (TSE:CWEB) last released its quarterly earnings results on Wednesday, May 13th. The company reported C($0.11) earnings per share for the quarter. The business had revenue of C$11.16 million during the quarter. Charlotte’s Web had a negative net margin of 74.93% and a negative return on equity of 2,056.41%. On average, equities analysts forecast that Charlotte’s Web Holdings, Inc. will post 0.0028902 EPS 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.