Posted by admin on May 20th, 2022
Charlotte’s Web (OTCMKTS:CWBHF – Get Rating) had its price objective lowered by research analysts at Cowen from $2.00 to $1.00 in a research report issued to clients and investors on Friday, Stock Target Advisor reports. The brokerage currently has an “outperform” rating on the stock. Cowen’s target price would indicate a potential upside of 133.95% from the company’s current price.
Other equities analysts also recently issued reports about the company. Cowen dropped their price objective on Charlotte’s Web from $2.00 to $1.00 in a research note on Friday. Benchmark cut Charlotte’s Web from a “buy” rating to a “hold” rating in a report on Wednesday. Cantor Fitzgerald decreased their price objective on Charlotte’s Web from $1.50 to $1.20 and set a “neutral” rating on the stock in a report on Friday, March 25th. Piper Sandler cut their target price on Charlotte’s Web from $2.00 to $1.00 in a research report on Friday, March 25th. Finally, Canaccord Genuity Group cut their target price on Charlotte’s Web from C$3.00 to C$2.25 and set a “buy” rating on the stock in a research report on Wednesday. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $1.91.
Shares of OTCMKTS CWBHF traded down $0.01 during trading hours on Friday, reaching $0.43. The stock had a trading volume of 364,542 shares, compared to its average volume of 293,192. Charlotte’s Web has a fifty-two week low of $0.42 and a fifty-two week high of $4.88. The firm has a 50-day moving average of $0.94 and a 200-day moving average of $1.13.
Charlotte’s Web (OTCMKTS:CWBHF – Get Rating) last posted its quarterly earnings data on Monday, May 16th. The company reported ($0.06) EPS for the quarter, meeting the consensus estimate of ($0.06).
Charlotte’s Web Company Profile (Get Rating)
Charlotte's Web Holdings, Inc engages in farming, manufacturing, marketing, and selling hemp-derived cannabidiol (CBD) wellness products. The company's products categories include hemp extract oil tinctures, such as liquid products; gummies comprising sleep, stress, immunity, and exercise recovery products; and capsules, CBD topical creams, and lotions, as well as products for pets under the Charlotte's Web, CBD Medic, CBD Clinic, and Harmony Hemp brands.
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