Shares of Charlotte’s Web Holdings, Inc. (TSE:CWEB – Get Free Report) traded up 4.5% during mid-day trading on Monday. The company traded as high as C$0.38 and last traded at C$0.35. 45,158 shares were traded during mid-day trading, a decline of 66% from the average daily volume of 132,327 shares. The stock had previously closed at C$0.34.
Charlotte’s Web Price Performance
The company has a current ratio of 4.19, a quick ratio of 1.41 and a debt-to-equity ratio of 23.29. The stock has a 50-day moving average price of C$0.41 and a 200 day moving average price of C$0.51. The stock has a market capitalization of C$96.31 million, a price-to-earnings ratio of -1.69 and a beta of 1.40.
Charlotte’s Web (TSE:CWEB – Get Free Report) last announced its quarterly earnings data on Thursday, August 13th. The company reported C($0.03) earnings per share (EPS) for the quarter. Charlotte’s Web had a negative net margin of 73.65% and a negative return on equity of 283.89%. The firm had revenue of C$15.42 million during the quarter. As a group, equities research analysts expect that Charlotte’s Web Holdings, Inc. will post 0.00 earnings per share for the current year.
Insider Buying and Selling
In related news, insider Raymond Kunkel acquired 137,935 shares of Charlotte’s Web stock in a transaction on Thursday, September 3rd. The stock was purchased at an average cost of C$0.28 per share, with a total value of C$38,621.80. Following the purchase, the insider directly owned 914,929 shares in the company, valued at approximately C$256,180.12. The trade was a 17.75% increase in their ownership of the stock. 11.25% of the stock is currently owned by company insiders.
Charlotte’s Web Company Profile
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.
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