Our next step was done for us because it is always good to see if the company is on a CannaInvestor Magazine Stock Pick list or included in content in the magazine. Because we started by selecting a company from the Top 25 Stock List we know this to be true. Let’s now use a site such as www.investing.com for the summary of technical indicators in the form of strong buy to strong sell.
Let’s move on to market capital-ization. 68.3M shares outstanding translates to a market capitalization of $196M at time of writing based on the current share price of $3.00. That share price is up considerably from the 52-week low of $0.15 but down from the 52-week high of $5.74 and with an average trading volume of around 500K suggests decent public liquidity. So far, all of the right boxes have check marks.
According to this news release for the latest quarter ended March 31, 2018, TRTC has over $8.1M in quarterly revenues with a growing impressive gross margin of 19.1% (5.3% same period 2017). Assuming zero growth for the balance of 2018, that revenue annualized is $32.4M and that means its market cap is approximately just over 6 X revenue. However, revenues are forecasted to continue to grow. With $4.5M cash on hand and $40M in investment capital coming into it, it appears reasonably positioned from a cash flow perspective.
TRTC has growing operations not only in California which is currently the largest legal cannabis market in North America but also in Nevada where cannabis sales have thus far been nothing short of sensational. TRTC has operations in other states.
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