Key Points
- Insider purchase: Raymond Kunkel bought 137,935 Charlotte’s Web shares at an average C$0.28 per share, spending C$38,621.80 and increasing his stake by 17.75% to 914,929 shares.
- Stock performance: Charlotte’s Web shares opened at C$0.44, up 4.8%, but remained below their 50-day and 200-day moving averages of C$0.39 and C$0.64, respectively.
- Financial results: The company reported quarterly revenue of C$15.42 million and a loss of C$0.03 per share, alongside a negative net margin of 73.65% and negative return on equity of 283.89%.
Charlotte's Web Holdings, Inc. (TSE:CWEB - Get Free Report) 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, for a total transaction of C$38,621.80. Following the purchase, the insider 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.
Charlotte's Web Stock Up 4.8%
TSE CWEB opened at C$0.44 on Friday. The stock has a 50 day moving average price of C$0.39 and a 200-day moving average price of C$0.64. Charlotte's Web Holdings, Inc. has a one year low of C$0.10 and a one year high of C$1.33. The company has a debt-to-equity ratio of 23.29, a quick ratio of 1.41 and a current ratio of 4.19. The company has a market capitalization of C$119.37 million, a P/E ratio of -2.10 and a beta of 0.81.
Charlotte's Web (TSE:CWEB - Get Free Report) last announced its quarterly earnings results on Thursday, August 13th. The company reported C($0.03) earnings per share for the quarter. The business had revenue of C$15.42 million during the quarter. Charlotte's Web had a negative return on equity of 283.89% and a negative net margin of 73.65%. As a group, equities analysts predict that Charlotte's Web Holdings, Inc. will post 0.0028902 EPS for the current fiscal year.
About Charlotte's Web
(
Get Free Report)
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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