Charlotte’sCannabinoid wellness company Charlotte’s Web Holdings Inc. (OTC: CWBHF) has seen its stock increase 34.46% in the last five days, even while major stocks falter on the market. This company develops capsules, topical products, supplements, beverages, and sports products derived from hemp compounds. It’s an interesting pick for the alternative market, and it’s priced at a bargain today.

Charlotte’s Web announced this week that it generated $94.6 million in revenue in 2019. This was a 36% year over year increase. Ecommerce sales were particularly strong, growing 39% and contributing 57% to total revenue. The company operated with an EBITDA loss of $1.7 million. It is getting close to profitability, thanks to solid growth and strong fiscal policy.

Moving forward, the company has $68.6 million in cash and over $116 million in working capital. It is in a strong position to endure the consumer market downturn related to Coronavirus. Analysts predict an average target price of $6.90, hinting at a strong upside for investors who buy shares this quarter.

Key Data:

  • 1 Year Price Growth: -79.58%
  • YTD Price Growth: -48.18%
  • 3 Month Price Growth: -48.58%

All information is based on current and historical market data, as well as publicly available financial data. As with any financial decision, your own research is important. Stock market outcomes can never be 100% accurately predicted. Familiarity with historical data, individual industries, and individual stocks is key to developing a robust portfolio. Note that stock prices can fluctuate rapidly during trading sessions.