CannTrust Holdings’ Stock Grew ~11% Last Week

Stock performance

On January 25, CannTrust Holdings’ (CNTTF) stock price closed at $6.87, ~5.19% higher than its closing price of $6.53 on January 24 and ~11% higher than its closing price of $6.21 on January 18.

CannTrust’s closing price of $6.87 on January 25 represents ~43% YTD (year-to-date) growth, a ~58% premium over its 52-week low of $4.35 on December 24, and a ~43% discount over its 52-week high of $11.97 on October 16.

CannTrust Holdings’ peers Cronos Group (CRON) and Organigram Holdings (OGRMF) grew ~54% and ~25% YTD in January.

CannTrust Holdings’ Stock Grew ~11% Last Week

Financials in a nutshell

Wall Street analysts expect that, in the fourth quarter and 2018 as a whole, CannTrust’s net revenues will be around 23.21 million Canadian dollars and 54.92 million Canadian dollars, respectively. Analysts also predict net revenues of 28.75 million Canadian dollars in the first quarter of 2019 and 187.44 million Canadian dollars in fiscal 2019.

CannTrust Holdings’ revenue grew ~105% YoY in the third quarter of 2018 to reach 12.6 million Canadian dollars. The company’s net revenues over the first nine months of the year grew ~115% YoY to reach 29.5 million Canadian dollars from 13.7 million Canadian dollars.

CannTrust Holdings’ net income in the first nine months of 2018 amounted to 12.0 million Canadian dollars from 632,269 Canadian dollars in the same period the prior year. The company’s diluted EPS grew to 0.12 Canadian dollars in the first nine months of 2018 from 0.01 Canadian dollars in the same period of the prior year.

For more in-depth analysis of CannTrust stock, check out CannTrust Holdings: Analysts Are Mainly Positive in January.