The pursuit of market outperformance leads investors to the practice of hand-picking stocks. Skillful choices can be a catalyst for significant wealth enhancement.
The closing price of ConnectM Technology Solutions Inc (NASDAQ: CNTM) was $0.61 for the day, up 2.75% from the previous closing price of $0.59. In other words, the price has increased by $2.75 from its previous closing price. On the day, 2.26 million shares were traded.
Ratios:
Our analysis of CNTM’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 0.18 and its Current Ratio is at 0.19.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Dec 20 ’24 when Choudhury Mahesh bought 27,800 shares for $1.09 per share. The transaction valued at 30,218 led to the insider holds 259,768 shares of the business.
Choudhury Mahesh bought 6,900 shares of CNTM for $5,682 on Dec 18 ’24. The insider now owns 227,668 shares after completing the transaction at $0.82 per share. On Dec 19 ’24, another insider, Choudhury Mahesh, who serves as the insider of the company, bought 4,300 shares for $1.05 each. As a result, the insider paid 4,513 and bolstered with 231,968 shares of the company.
Valuation Measures:
For the stock, the TTM Price-to-Sale (P/S) ratio is 3.57.
Stock Price History:
Over the past 52 weeks, CNTM has reached a high of $12.47, while it has fallen to a 52-week low of $0.47. The 50-Day Moving Average of the stock is -22.19%, while the 200-Day Moving Average is calculated to be -63.35%.
Shares Statistics:
A total of 21.12M shares are outstanding, with a floating share count of 17.44M. Insiders hold about 50.87% of the company’s shares, while institutions hold 6.78% stake in the company.
