ConnectM Technology Solutions Inc (NASDAQ: CNTM)’s stock price has soared by 23.30 in relation to previous closing price of 1.03. Nevertheless, the company has seen a gain of 64.94% in its stock price over the last five trading days. globenewswire.com reported 2024-12-16 that ~ Results In-Line with Previously Announced Third Quarter Preliminary Results ~ ~ Third Quarter Revenue Increased 39% to $6.1 Million YoY and 11% from Second Quarter 2024 ~ ~ FY2024 Projected Revenue of $20.0 Million, Representing a 20% YoY Increase ~ ~ On Track to Achieve Operating Cash Flow Breakeven by The First Quarter of 2025 ~ MARLBOROUGH, Mass., Dec. 16, 2024 (GLOBE NEWSWIRE) — ConnectM Technology Solutions, Inc. (Nasdaq: CNTM) (“ConnectM” or the “Company”), a technology company focused on the electrification economy, has filed its 10-Q with the Securities and Exchange Commission (the “SEC”) and released its financial results for the quarter ended September 30, 2024.
Is It Worth Investing in ConnectM Technology Solutions Inc (NASDAQ: CNTM) Right Now?
CNTM has 36-month beta value of 0.22.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The public float for CNTM is 14.70M, and currently, short sellers hold a 2.11% ratio of that float. The average trading volume of CNTM on December 27, 2024 was 170.74K shares.
CNTM’s Market Performance
CNTM stock saw an increase of 64.94% in the past week, with a monthly gain of 40.07% and a quarterly increase of 2.83%. The volatility ratio for the week is 28.57%, and the volatility levels for the last 30 days are 15.83% for ConnectM Technology Solutions Inc (CNTM). The simple moving average for the past 20 days is 42.36% for CNTM’s stock, with a -75.60% simple moving average for the past 200 days.
CNTM Trading at 38.85% from the 50-Day Moving Average
After a stumble in the market that brought CNTM to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -89.82% of loss for the given period.
Volatility was left at 15.83%, however, over the last 30 days, the volatility rate increased by 28.57%, as shares surge +44.32% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +18.46% upper at present.
During the last 5 trading sessions, CNTM rose by +64.94%, which changed the moving average for the period of 200-days by -88.36% in comparison to the 20-day moving average, which settled at $0.8921. In addition, ConnectM Technology Solutions Inc saw -88.31% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at CNTM starting from Choudhury Mahesh, who purchase 27,800 shares at the price of $1.09 back on Dec 20 ’24. After this action, Choudhury Mahesh now owns 259,768 shares of ConnectM Technology Solutions Inc, valued at $30,218 using the latest closing price.
Choudhury Mahesh, the of ConnectM Technology Solutions Inc, purchase 6,900 shares at $0.82 during a trade that took place back on Dec 18 ’24, which means that Choudhury Mahesh is holding 227,668 shares at $5,682 based on the most recent closing price.
Stock Fundamentals for CNTM
Current profitability levels for the company are sitting at:
- -1.02 for the present operating margin
- 0.31 for the gross margin
The net margin for ConnectM Technology Solutions Inc stands at -4.3. The total capital return value is set at 0.25. Equity return is now at value -108.59, with -46.18 for asset returns.
Based on ConnectM Technology Solutions Inc (CNTM), the company’s capital structure generated -3.44 points at debt to capital in total, while cash flow to debt ratio is standing at -0.2. The debt to equity ratio resting at -0.77. The interest coverage ratio of the stock is -9.26.
Currently, EBITDA for the company is -14.03 million with net debt to EBITDA at -1.4. When we switch over and look at the enterprise to sales, we see a ratio of 7.81. The receivables turnover for the company is 3.26for trailing twelve months and the total asset turnover is 0.44. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.19.
Conclusion
To put it simply, ConnectM Technology Solutions Inc (CNTM) has had a mixed performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
