Charlotte’s Web (TSE:CWEB) Trading Down 18.1% – What’s Next?

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

Charlotte’s Web Price Performance

The stock has a market capitalization of C$94.06 million, a P/E ratio of -4.21 and a beta of 2.05. The company’s 50 day simple moving average is C$0.36 and its two-hundred day simple moving average 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.

Charlotte’s Web (TSE:CWEB) last posted its earnings results on Wednesday, November 12th. The company reported C($0.04) earnings per share (EPS) for the quarter. The firm 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%. As a group, equities analysts expect that Charlotte’s Web Holdings, Inc. will post 0.0028902 EPS for the current fiscal 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.