ConnectM Technology Solutions Inc (NASDAQ: CNTM) on Monday, soared 7.40% from the previous trading day, before settling in for the closing price of $0.58. Within the past 52 weeks, CNTM’s price has moved between $0.47 and $12.47.
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The company achieved an average annual earnings per share of 81.36%. With a float of $20.56 million, this company’s outstanding shares have now reached $21.12 million.
Let’s look at the performance matrix of the company that is accounted for 3 employees. In terms of profitability, gross margin is 30.85%, operating margin of -101.64%, and the pretax margin is -417.95%.
ConnectM Technology Solutions Inc (CNTM) Insider Updates
Observing investor behavior towards Software – Application industry stocks is more important than anything else. The insider ownership of ConnectM Technology Solutions Inc is 37.48%, while institutional ownership is 7.32%. The most recent insider transaction that took place on Dec 20 ’24, was worth 30,218. In this transaction an insider of this company bought 27,800 shares at a rate of $1.09, taking the stock ownership to the 259,768 shares. Before that another transaction happened on Dec 18 ’24, when Company’s insider bought 6,900 for $0.82, making the entire transaction worth $5,682. This insider now owns 227,668 shares in total.
ConnectM Technology Solutions Inc (CNTM) Performance Highlights and Predictions
Wall Street market experts anticipate that the next fiscal year will bring earnings of 0 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 81.36% per share during the next fiscal year.
ConnectM Technology Solutions Inc (NASDAQ: CNTM) Trading Performance Indicators
ConnectM Technology Solutions Inc (CNTM) is currently performing well based on its current performance indicators. A quick ratio of 0.18 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 3.37.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -1.97, a number that is poised to hit -0.08 in the next quarter
Technical Analysis of ConnectM Technology Solutions Inc (CNTM)
ConnectM Technology Solutions Inc (NASDAQ: CNTM) saw its 5-day average volume 1.12 million, a positive change from its year-to-date volume of 0.54 million. As of the previous 9 days, the stock’s Stochastic %D was 42.09%. Additionally, its Average True Range was 0.10.
During the past 100 days, ConnectM Technology Solutions Inc’s (CNTM) raw stochastic average was set at 16.64%, which indicates a significant decrease from 49.00% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 127.35% in the past 14 days, which was higher than the 115.20% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $0.8937, while its 200-day Moving Average is $2.2509. Nevertheless, the first resistance level for the watch stands at $0.6642 in the near term. At $0.7071, the stock is likely to face the second major resistance level. The third major resistance level sits at $0.7592. If the price goes on to break the first support level at $0.5692, it is likely to go to the next support level at $0.5171. Assuming the price breaks the second support level, the third support level stands at $0.4742.
ConnectM Technology Solutions Inc (NASDAQ: CNTM) Key Stats
Market capitalization of the company is 20.43 million based on 21,249K outstanding shares. Right now, sales total 15,441 K and income totals -14,940 K. The company made 6,070 K in profit during its latest quarter, and -12,240 K in sales during its previous quarter.
