Charlotte’s Web (TSE:CWEB) Stock Price Down 6.2% – Time to Sell?

Shares of Charlotte’s Web Holdings, Inc. (TSE:CWEB) traded down 6.2% during mid-day trading on Monday. The company traded as low as C$0.38 and last traded at C$0.38. 103,755 shares changed hands during mid-day trading, a decline of 25% from the average daily volume of 138,966 shares. The stock had previously closed at C$0.41.

Charlotte’s Web Stock Down 6.2%

The company has a 50 day moving average of C$0.40 and a 200-day moving average of C$0.58. The company has a debt-to-equity ratio of 23.29, a current ratio of 4.19 and a quick ratio of 1.41. The company has a market cap of C$103.09 million, a P/E ratio of -1.81 and a beta of 0.81.

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

Insider Activity at Charlotte’s Web

In related news, insider Raymond Kunkel acquired 137,935 shares of the firm’s stock in a transaction that occurred on Thursday, September 3rd. The shares were bought at an average cost of C$0.28 per share, for a total transaction of C$38,621.80. Following the completion of the transaction, the insider owned 914,929 shares in the company, valued at approximately C$256,180.12. This trade represents a 17.75% increase in their ownership of the stock. Insiders own 11.25% of the company’s stock.

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.