Charlotte’s Web (TSE:CWEB) Stock Price Up 2.4% – Still a Buy?

Shares of Charlotte’s Web Holdings, Inc. (TSE:CWEB) traded up 2.4% during trading on Thursday . The company traded as high as C$0.42 and last traded at C$0.42. 143,945 shares were traded during mid-day trading, a decline of 3% from the average session volume of 149,117 shares. The stock had previously closed at C$0.41.

Charlotte’s Web Trading Up 2.4%

The firm’s fifty day moving average price is C$0.39 and its 200-day moving average price is C$0.65. The company has a market cap of C$113.94 million, a price-to-earnings ratio of -2.00 and a beta of 0.80. The company has a debt-to-equity ratio of 23.29, a current ratio of 4.19 and a quick ratio of 1.41.

Charlotte’s Web (TSE:CWEB) last announced its earnings results on Thursday, August 13th. The company reported C($0.03) earnings per share (EPS) for the quarter. Charlotte’s Web had a negative net margin of 73.65% and a negative return on equity of 283.89%. The company had revenue of C$15.42 million during the quarter. On average, equities analysts expect that Charlotte’s Web Holdings, Inc. will post 0.0028902 EPS for the current fiscal year.

About Charlotte’s Web

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.