ConnectM Technology Solutions Inc [NASDAQ: CNTM] traded at a high on Wednesday, posting a 51.17 gain after which it closed the day’ session at $0.75.
The results of the trading session contributed to over 143290408 shares changing hands. Over the past one week, the price volatility of ConnectM Technology Solutions Inc stands at 29.93% while the volatility over the past one month is 19.62%.
The market cap for CNTM stock reached $26.56 million, with 21.12 million shares outstanding and 17.44 million shares in the current float. Compared to the average trading volume of 516.50K shares, CNTM reached a trading volume of 143290408 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about ConnectM Technology Solutions Inc [CNTM]?
The Average True Range (ATR) for ConnectM Technology Solutions Inc is set at 0.14, with the Price to Sales ratio for CNTM stock in the period of the last 12 months amounting to 4.38.
How has CNTM stock performed recently?
ConnectM Technology Solutions Inc [CNTM] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 20.95. With this latest performance, CNTM shares gained by 18.65% in over the last four-week period, additionally sinking by -34.93% over the last 6 months – not to mention a drop of -93.18% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for CNTM stock in for the last two-week period is set at 56.42, with the RSI for the last a single of trading hit 64.13, and the three-weeks RSI is set at 51.72 for ConnectM Technology Solutions Inc [CNTM]. The present Moving Average for the last 50 days of trading for this stock 0.8206, while it was recorded at 0.5863 for the last single week of trading, and 1.8765 for the last 200 days.
ConnectM Technology Solutions Inc [CNTM]: Deeper insight into the fundamentals
ConnectM Technology Solutions Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.18 and a Current Ratio set at 0.19.
Insider trade positions for ConnectM Technology Solutions Inc [CNTM]
There are presently around $8.54%, or 19.52%% of CNTM stock, in the hands of institutional investors.
