Charlotte’s Web (TSE:CWEB) Trading Up 37% – Should You Buy?

Charlotte’s Web Holdings, Inc. (TSE:CWEB) was up 37% on Friday . The company traded as high as C$0.20 and last traded at C$0.19. Approximately 159,931 shares changed hands during mid-day trading, an increase of 152% from the average daily volume of 63,452 shares. The stock had previously closed at C$0.14.

Charlotte’s Web Price Performance

The firm has a fifty day moving average of C$0.19 and a two-hundred day moving average of C$0.16. The company has a current ratio of 3.03, a quick ratio of 1.41 and a debt-to-equity ratio of 203.10. The company has a market capitalization of C$30.29 million, a PE ratio of -1.36 and a beta of 2.04.

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. The company had revenue of C$16.02 million during the quarter. Charlotte’s Web had a negative net margin of 66.35% and a negative return on equity of 83.34%. Research analysts anticipate that Charlotte’s Web Holdings, Inc. will post 0.0028902 EPS for the current fiscal 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.