CannTrust Holdings Inc. (NYSE: CTST) was one of the biggest movers in the recent trading session, with the company’s stock currently changing hands at 0.06 points up or 5.41% higher on the previous close. So what do we make of this stock that is clearly one of the hottest on the market now? The CTST stock is trading at $1.17 from a close of $1.11 on 01/15/20. The day’s price range saw the stock hit a low of $1.13, while the highest price level was $1.23 during the intraday trading.
Is the CTST stock going to continue the plunge or will it steady in coming sessions to climb above its 5-day high price of $1.23. CannTrust Holdings Inc. (NYSE: CTST) has a 52-week price range of between $0.75 and $10.17. Notably, the reduced performance in the current session comes on the back of condensed market activity for the stock, as its daily trading volume to 4704924, compared to its 3-months daily average volume of 2.02 million. In comparison, the average volume for the last 50 days stands at 1,885,060.
What about the stock’s price forecasts? CTST had 1 analysts who offered their 12-month price predictions for the CannTrust Holdings Inc. shares. The group has given the stock a consensus price target of $1.53, with the lowest forecast being put at $1.53. The highest estimate by the 1 analysts is $1.53. The median price target estimate of $1.53 for the stock represents a 23.53% jump in value from the previous price of $1.17. Looking at the 52-week price ranges, the stock’s current price level is 56.00% from its 52-week high price and -88.50% down from its 52-week low in the same period.
CannTrust Holdings Inc. shares have surged 11.43% over the past week, but its 1-month performance is in the green at 38.61%. Its performance in the current quarter is down -15.22%, while that figure shoots to -59.09% over the past half-year period. Further, we see that the stock’s 12-month charts show that it has lost by -80.50%, with the year-to-date prices up by 26.17%.
But what do Wall Street analysts tracking this stock recommend, given that it has 141.18 million shares outstanding? 1 analysts polled have a consensus recommendation rating of 4.50, indicating that CTST is a Hold stock at the moment. This mean rating was at 4.50 a month ago. ROTH Capital called it a Neutral stock on July 09, 2019, while BMO Capital Markets rated it a Outperform in its note released on May 30, 2019. Of the 1 analysts, 0 analysts rate the CTST stock as Overweight, while 1 of them rated it as a Hold. 0 analysts rate CannTrust Holdings Inc. as a Buy, while 0 suggested its Underweight. Only 0 analyst advised investors to sell.