ConnectM Technology Solutions Inc (NASDAQ:CNTM) price on Friday, March 21, fall -3.58% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $0.58.
A look at the stock’s price movement, the close in the last trading session was $0.60, moving within a range at $0.5422 and $0.6091. The beta value (5-Year monthly) was 0.151. Turning to its 52-week performance, $12.47 and $0.47 were the 52-week high and 52-week low respectively. Overall, CNTM moved -37.80% over the past month.
ConnectM Technology Solutions Inc’s market cap currently stands at around $19.02 million, with investors looking forward to this quarter’s earnings report slated for in April.
Analysts have a consensus estimate of 8.3M for the company’s revenue for the quarter, with a low and high estimate of 8.3M and 8.3M respectively.
Turning to the stock’s technical picture we see that short term indicators suggest on average that CNTM is a 100% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
CNTM’s current price about -9.30% and -35.96% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 36.92, while 7-day volatility ratio is 12.81% and 16.74% in the 30-day chart. Further, ConnectM Technology Solutions Inc (CNTM) has a beta value of 0.27, and an average true range (ATR) of 0.11.
If we refocus on ConnectM Technology Solutions Inc (NASDAQ:CNTM), historical trading data shows that trading volumes averaged 0.75 over the past 10 days and 493.81K over the past 3 months. The company’s latest data on shares outstanding shows there are 32.88 million shares.
The 30.19% of ConnectM Technology Solutions Inc’s shares are in the hands of company insiders while institutional holders own 7.32% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 0.43 million on 2025-02-28, giving us a short ratio of 0.53. The data shows that as of 2025-02-28 short interest in ConnectM Technology Solutions Inc (CNTM) stood at 197.0 of shares outstanding, with shares short rising to 0.14 million registered in 2025-01-31. Current price change has pushed the stock -52.19% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the CNTM stock continues to rise going into the next quarter.
