ConnectM Technology Solutions Inc (NASDAQ: CNTM)’s stock price has gone decline by -9.91 in comparison to its previous close of 1.11, however, the company has experienced a -15.25% decrease 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?
The 36-month beta value for CNTM is at 0.03.
The public float for CNTM is 14.38M, and currently, shorts hold a 1.75% of that float. The average trading volume for CNTM on January 15, 2025 was 138.95K shares.
CNTM’s Market Performance
The stock of ConnectM Technology Solutions Inc (CNTM) has seen a -15.25% decrease in the past week, with a 23.46% rise in the past month, and a -11.50% fall in the past quarter. The volatility ratio for the week is 11.69%, and the volatility levels for the past 30 days are at 16.18% for CNTM. The simple moving average for the past 20 days is -6.03% for CNTM’s stock, with a -78.57% simple moving average for the past 200 days.
CNTM Trading at 6.46% 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 -91.98% of loss for the given period.
Volatility was left at 16.18%, however, over the last 30 days, the volatility rate increased by 11.69%, as shares surge +28.70% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +6.88% upper at present.
During the last 5 trading sessions, CNTM fell by -15.25%, which changed the moving average for the period of 200-days by -90.86% in comparison to the 20-day moving average, which settled at $1.0642. In addition, ConnectM Technology Solutions Inc saw -17.36% 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 -3.79 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 -0.79. 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 6.87. 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
In conclusion, ConnectM Technology Solutions Inc (CNTM) has had a bad performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others 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.
