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In the latest session, ConnectM Technology Solutions Inc. (NASDAQ: CNTM) closed at $1.01 down -12.23% from its previous closing price of $1.15. In other words, the price has decreased by -$12.23 from its previous closing price. On the day, 0.52 million shares were traded. CNTM stock price reached its highest trading level at $1.24 during the session, while it also had its lowest trading level at $0.99.
Ratios:
For a deeper understanding of ConnectM Technology Solutions Inc.’s stock, let’s take a closer look at its various ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.02 and its Current Ratio is at 0.02. In the meantime, Its Debt-to-Equity ratio is 0.00 whereas as Long-Term Debt/Eq ratio is at 0.00.
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Sep 12 ’24 when Choudhury Mahesh bought 15,400 shares for $1.16 per share. The transaction valued at 17,860 led to the insider holds 217,438 shares of the business.
Choudhury Mahesh bought 3,330 shares of CNTM for $3,763 on Sep 13 ’24. The insider now owns 220,768 shares after completing the transaction at $1.13 per share. On Sep 12 ’24, another insider, Panigrahi Bhaskar, who serves as the insider of the company, bought 30,000 shares for $1.12 each. As a result, the insider paid 33,546 and bolstered with 4,206,043 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, CNTM now has a Market Capitalization of 25165584 and an Enterprise Value of 33745212. Its current Enterprise Value per Revenue stands at 1.679 whereas that against EBITDA is -4.984.
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 $0.67. The 50-Day Moving Average of the stock is -5.11%, while the 200-Day Moving Average is calculated to be -87.66%.
Shares Statistics:
For the past three months, CNTM has traded an average of 952.33K shares per day and 449970 over the past ten days. A total of 23.46M shares are outstanding, with a floating share count of 14.63M. Insiders hold about 37.65% of the company’s shares, while institutions hold 15.94% stake in the company. Shares short for CNTM as of 1726185600 were 370393 with a Short Ratio of 0.44, compared to 1723680000 on 684251.
