ConnectM Technology Solutions Inc (NASDAQ: CNTM) kicked off on Monday, down -28.47% from the previous trading day, before settling in for the closing price of $0.83. Over the past 52 weeks, CNTM has traded in a range of $0.47-$12.47.
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While this was happening, its average annual earnings per share was recorded 81.36%. With a float of $17.44 million, this company’s outstanding shares have now reached $21.12 million.
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 Activity
Our next focus will be how large-scale investors are participating in this stock of the Software – Application Industry. The insider ownership of ConnectM Technology Solutions Inc is 50.87%, while institutional ownership is 6.78%. 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) Earnings and Forecasts
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
Take a look at ConnectM Technology Solutions Inc’s (CNTM) current performance indicators. Last quarter, stock had a quick ratio of 0.18. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 3.47.
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 and is forecasted to reach -0.13 in one year’s time.
Technical Analysis of ConnectM Technology Solutions Inc (CNTM)
Compared to the last year’s volume of 3.14 million, its volume of 34.63 million showed improvement in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 32.42%. Additionally, its Average True Range was 0.16.
During the past 100 days, ConnectM Technology Solutions Inc’s (CNTM) raw stochastic average was set at 13.61%, which indicates a significant increase from 12.37% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 244.75% in the past 14 days, which was higher than the 145.51% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $0.7944, while its 200-day Moving Average is $1.7180. Nevertheless, the first resistance level for the watch stands at $0.7144 in the near term. At $0.8350, the stock is likely to face the second major resistance level. The third major resistance level sits at $0.8976. If the price goes on to break the first support level at $0.5312, it is likely to go to the next support level at $0.4686. Should the price break the second support level, the third support level stands at $0.3480.
ConnectM Technology Solutions Inc (NASDAQ: CNTM) Key Stats
The company with the Market Capitalisation of 21.08 million has total of 21,249K Shares Outstanding. Its annual sales at the moment are 15,441 K in contrast with the sum of -14,940 K annual income. Company’s last quarter sales were recorded 6,070 K and last quarter income was -12,240 K.
