Charlotte’s Web (TSE:CWEB) Shares Down 6.2% – Should You Sell?

Charlotte’s Web Holdings, Inc. (TSE:CWEB)’s stock price fell 6.2% during trading on Monday. The stock traded as low as C$0.38 and last traded at C$0.38. 103,755 shares traded 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 Price Performance

The company has a 50-day moving average price of C$0.40 and a two-hundred day moving average price of C$0.57. 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$105.80 million, a PE ratio of -1.86 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) EPS for the quarter. The company had revenue of C$15.42 million for the quarter. Charlotte’s Web had a negative net margin of 73.65% and a negative return on equity of 283.89%. Sell-side analysts expect that Charlotte’s Web Holdings, Inc. will post 0.0028902 earnings per share for the current fiscal year.

Insider Transactions at Charlotte’s Web

In other news, insider Raymond Kunkel acquired 137,935 shares of the company’s stock in a transaction dated Thursday, September 3rd. The shares were bought at an average price of C$0.28 per share, for a total transaction of C$38,621.80. Following the completion of the purchase, the insider directly owned 914,929 shares of the company’s stock, valued at approximately C$256,180.12. This trade represents a 17.75% increase in their position. 11.25% of the stock is owned by company insiders.

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.