Charlotte’s Web (TSE:CWEB) Stock Price Down 14.5% – Here’s What Happened

Shares of Charlotte’s Web Holdings, Inc. (TSE:CWEB) traded down 14.5% during mid-day trading on Tuesday . The company traded as low as C$0.47 and last traded at C$0.47. 102,542 shares changed hands during trading, an increase of 35% from the average session volume of 75,735 shares. The stock had previously closed at C$0.55.

Charlotte’s Web Trading Down 14.5%

The company has a market capitalization of C$74.93 million, a PE ratio of -3.36 and a beta of 2.05. The company has a debt-to-equity ratio of 203.10, a quick ratio of 1.41 and a current ratio of 3.03. The business has a fifty day moving average price of C$0.24 and a 200 day moving average price of C$0.19.

Charlotte’s Web (TSE:CWEB) last issued its earnings results on Wednesday, November 12th. The company reported C($0.04) earnings per share (EPS) for the quarter. Charlotte’s Web had a negative return on equity of 83.34% and a negative net margin of 66.35%.The firm had revenue of C$16.02 million for the quarter. Analysts expect 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.