ConnectM Technology Solutions Inc (NASDAQ: CNTM) on Monday, plunged -17.61% from the previous trading day, before settling in for the closing price of $0.71. 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 $20.71 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
Observing investor behavior towards Software – Application industry stocks is more important than anything else. The insider ownership of ConnectM Technology Solutions Inc is 41.68%, 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
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 3.42.
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)
Analysing the last 5-days average volume posted by the [ConnectM Technology Solutions Inc, CNTM], we can find that recorded value of 2.87 million was lower than the volume posted last year of 3.12 million. As of the previous 9 days, the stock’s Stochastic %D was 18.97%. Additionally, its Average True Range was 0.15.
During the past 100 days, ConnectM Technology Solutions Inc’s (CNTM) raw stochastic average was set at 12.66%, which indicates a significant increase from 11.37% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 259.41% in the past 14 days, which was higher than the 147.86% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $0.7462, while its 200-day Moving Average is $1.4521. Now, the first resistance to watch is $0.6345. This is followed by the second major resistance level at $0.6841. The third major resistance level sits at $0.7348. If the price goes on to break the first support level at $0.5342, it is likely to go to the next support level at $0.4835. Should the price break the second support level, the third support level stands at $0.4339.
ConnectM Technology Solutions Inc (NASDAQ: CNTM) Key Stats
Market capitalization of the company is 20.77 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.
