Connectm Technology Solutions (CNTM) Stock Price, News & Analysis

Company Overview

ConnectM Technology Solutions, Inc., a technology company, focuses on advancing the electrification economy by integrating electrified energy assets with its AI-driven technology solutions platform. It provides residential and light commercial buildings, and all-electric original equipment manufacturers with a platform to accelerate the transition to solar and all-electric heating, cooling, and transportation. The company was incorporated in 2021 and is headquartered in Marlborough, Massachusetts.

Key Stats

• Today's Range: $1.04 to $1.15
• 50-Day Range: $0.81 to $1.76
• 52-Week Range: $0.67 to $12.47
• Volume: 304,185 shs
• Average Volume: 429,228 shs
• Market Capitalization: $2.62 million
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: N/A
• Consensus Rating: N/A

Connectm Technology Solutions Stock Analysis - MarketRank™

Connectm Technology Solutions scored higher than 40% of companies evaluated by MarketBeat. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: N/A
• Analyst Rating: N/A

Consensus Rating

There is not enough analysis data for Connectm Technology Solutions.

Earnings and Valuation

• Score: 0.0 / 5
• Proj. Earnings Growth: N/A

Price to Earnings Ratio vs. the Market

The P/E ratio of Connectm Technology Solutions is -479.19, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Ratio vs. Sector

The P/E ratio of Connectm Technology Solutions is -479.19, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

2.97% of the float of Connectm Technology Solutions has been sold short.

Short Interest Ratio / Days to Cover

Connectm Technology Solutions has a short interest ratio ("days to cover") of 0.5, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Connectm Technology Solutions has recently increased by 4.55%, indicating that investor sentiment is decreasing.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Connectm Technology Solutions does not currently pay a dividend.

Dividend Growth

Connectm Technology Solutions does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

2.97% of the float of Connectm Technology Solutions has been sold short.

Short Interest Ratio / Days to Cover

Connectm Technology Solutions has a short interest ratio ("days to cover") of 0.5, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Connectm Technology Solutions has recently increased by 4.55%, indicating that investor sentiment is decreasing.

News and Social Media

• Score: 3.2 / 5
• News Sentiment: 0.84

News Sentiment

Connectm Technology Solutions has a news sentiment score of 0.84. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.65 average news sentiment score of Business Services companies.

News Coverage This Week

MarketBeat has tracked 4 news articles for Connectm Technology Solutions this week, compared to 3 articles on an average week.

Search Interest

Only 1 people have searched for CNTM on MarketBeat in the last 30 days. This is a decrease of -67% compared to the previous 30 days.

MarketBeat Follows

6 people have added Connectm Technology Solutions to their MarketBeat watchlist in the last 30 days. This is an increase of 500% compared to the previous 30 days.

Company Ownership

• Score: 5.0 / 5
• Insider Trading: Acquiring Shares

Insider Buying vs. Insider Selling

In the past three months, Connectm Technology Solutions insiders have bought more of their company's stock than they have sold. Specifically, they have bought $159,820,735.00 in company stock and sold $0.00 in company stock.

Percentage Held by Insiders

21.17% of the stock of Connectm Technology Solutions is held by insiders. A high percentage of insider ownership can be a sign of company health.

Percentage Held by Institutions

79.59% of the stock of Connectm Technology Solutions is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

CNTM Stock Analysis - Frequently Asked Questions

How have CNTM shares performed this year?

Connectm Technology Solutions' stock was trading at $1.93 at the start of the year. Since then, CNTM shares have decreased by 40.9% and is now trading at $1.14.
View the best growth stocks for 2024 here.

How were Connectm Technology Solutions' earnings last quarter?

Connectm Technology Solutions Inc. (NASDAQ:CNTM) posted its quarterly earnings results on Wednesday, August, 14th. The company reported $0.15 earnings per share (EPS) for the quarter.

How do I buy shares of Connectm Technology Solutions?

Shares of CNTM stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Connectm Technology Solutions own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Connectm Technology Solutions investors own include 22nd Century Group (XXII), CrowdStrike (CRWD), Ford Motor (F), KULR Technology Group (KULR), Enterprise Products Partners (EPD), Rezolve AI (RZLV) and Interactive Strength (TRNR).

Company Calendar

• Last Earnings: 8/14/2024
• Today: 10/17/2024
• Next Earnings (Estimated): 11/27/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Business Services
• Industry: Construction - special trade contractors
• Sub-Industry: Construction
• Current Symbol: NASDAQ:CNTM
• Previous Symbol: NASDAQ:CNTM
• CUSIP: N/A
• CIK: 1895249
• Web: N/A
• Phone: (650) 537-1537
• Fax: N/A
• Employees: 154
• Year Founded: N/A

Profitability

• EPS (Most Recent Fiscal Year): ($0.0024)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: $-14,940,000.00
• Net Margins: N/A
• Pretax Margin: N/A
• Return on Equity: N/A
• Return on Assets: -20.55%

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: 0.02
• Quick Ratio: 0.02

Sales & Book Value

• Annual Sales: $19.42 million
• Price / Sales: 0.14
• Cash Flow: N/A
• Price / Cash Flow: N/A
• Book Value: ($2.99) per share
• Price / Book: -0.38

Miscellaneous

• Outstanding Shares: 2,300,000
• Free Float: 17,460,000
• Market Cap: $2.62 million
• Optionable: N/A
• Beta: 0.09