On Tuesday, ConnectM Technology Solutions Inc (NASDAQ: CNTM) was 6.63% up from the session before settling in for the closing price of $0.64. A 52-week range for CNTM has been $0.47 – $12.47.
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When this article was written, the company’s average yearly earnings per share was at 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 and Institutional Ownership
Also, it is sometimes useful to examine the sentiment of large-scale investors toward ConnectM Technology Solutions Inc stocks. The insider ownership of ConnectM Technology Solutions Inc is 41.68%, while institutional ownership is 6.66%. 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) Latest Financial update
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
You can see what ConnectM Technology Solutions Inc (CNTM) is doing with its current performance indicators. In the most recent quarter, the stock posted a quick ratio of 0.18. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 3.98.
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)
ConnectM Technology Solutions Inc (NASDAQ: CNTM) saw its 5-day average volume 1.87 million, a negative change from its year-to-date volume of 3.04 million. As of the previous 9 days, the stock’s Stochastic %D was 56.48%. Additionally, its Average True Range was 0.13.
During the past 100 days, ConnectM Technology Solutions Inc’s (CNTM) raw stochastic average was set at 23.08%, which indicates a significant increase from 17.98% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 255.63% in the past 14 days, which was higher than the 147.59% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $0.6960, while its 200-day Moving Average is $1.1860. Nevertheless, the first resistance level for the watch stands at $0.7045 in the near term. At $0.7291, the stock is likely to face the second major resistance level. The third major resistance level sits at $0.7758. If the price goes on to break the first support level at $0.6332, it is likely to go to the next support level at $0.5865. The third support level lies at $0.5619 if the price breaches the second support level.
ConnectM Technology Solutions Inc (NASDAQ: CNTM) Key Stats
There are 21,249K outstanding shares of the company, which has a market capitalization of 24.14 million. As of now, sales total 15,441 K while income totals -14,940 K. Its latest quarter income was 6,070 K while its last quarter net income were -12,240 K.
