As on Wednesday, ConnectM Technology Solutions Inc (NASDAQ: CNTM) got off with the flyer as it spiked 10.80% to $0.98, before settling in for the price of $0.88 at the close. Taking a more long-term approach, CNTM posted a 52-week range of $0.67-$12.47.
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The Technology sector firm’s twelve-monthly sales growth has been 0.00% for the last half of the decade. This publicly-traded company’s shares outstanding now amounts to $23.46 million, simultaneously with a float of $14.70 million. The organization now has a market capitalization sitting at $22.88 million. At the time of writing, stock’s 50-day Moving Average stood at $0.9950, while the 200-day Moving Average is $6.1497.
ConnectM Technology Solutions Inc (CNTM) Ownership Facts and Figures
Another important factor to analyze is how key investors are playing towards the stock of the Software – Application industry. ConnectM Technology Solutions Inc’s current insider ownership accounts for 37.34%, in contrast to 10.42% institutional ownership. According to the most recent insider trade that took place on Sep 12 ’24, this organization’s insider bought 15,400 shares at the rate of 1.16, making the entire transaction reach 17,860 in total value, affecting insider ownership by 217,438. Preceding that transaction, on Sep 13 ’24, Company’s insider bought 3,330 for 1.13, making the whole transaction’s value amount to 3,763. This particular insider is now the holder of 220,768 in total.
ConnectM Technology Solutions Inc (CNTM) Earnings and Revenue Records
Wall Street market experts anticipate that the next fiscal year will bring earnings of 0 per share during the current fiscal year.
ConnectM Technology Solutions Inc (NASDAQ: CNTM) Trading Performance Indicators
Let’s observe the current performance indicators for ConnectM Technology Solutions Inc (CNTM). It’s Quick Ratio in the last reported quarter now stands at 0.02. The Stock has managed to achieve an average true range (ATR) of 0.11.
In the same vein, CNTM’s Diluted EPS (Earnings per Share) trailing twelve months is recorded -1.67.
Technical Analysis of ConnectM Technology Solutions Inc (CNTM)
Through scrutinizing the latest numbers posted by the [ConnectM Technology Solutions Inc, CNTM], it can be observed that its last 5-days Average volume of 0.13 million was lower the volume of 0.38 million, it posted the year before. During the previous 9 days, stock’s Stochastic %D was recorded 52.82% While, its Average True Range was 0.1102.
Raw Stochastic average of ConnectM Technology Solutions Inc (CNTM) in the period of the previous 100 days is set at 3.64%, which indicates a major fall in contrast to 76.56% during the last 2-weeks. If we go through the volatility metrics of the stock, In the past 14-days, Company’s historic volatility was 105.32% that was lower than 193.62% volatility it exhibited in the past 100-days period.
