Connectm Technology Solutions, Stock Price on December 3, 2024
| CNTM Stock | USD 0.81 0.01 1.22% |
If you're considering investing in ConnectM Stock, it is important to understand the factors that can impact its price. As of today, the current price of ConnectM Technology stands at 0.81, as last reported on the 11th of December 2024, with the highest price reaching 0.83 and the lowest price hitting 0.77 during the day. ConnectM Technology secures Sharpe Ratio (or Efficiency) of -0.0479, which signifies that the company had a -0.0479% return per unit of risk over the last 3 months. ConnectM Technology Solutions, exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm ConnectM Technology's Mean Deviation of 4.4, standard deviation of 5.97, and Risk Adjusted Performance of (0.04) to double-check the risk estimate we provide.
At this time, ConnectM Technology's Common Stock Shares Outstanding is very stable compared to the past year. As of the 11th of December 2024, Other Stockholder Equity is likely to grow to about 6.8 M, while Total Stockholder Equity is likely to drop about 49.7 M. . At this time, ConnectM Technology's Price To Sales Ratio is very stable compared to the past year. As of the 11th of December 2024, Price Sales Ratio is likely to grow to 19.10, while Price Earnings Ratio is likely to drop (8.97). ConnectM Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
ConnectM |
Sharpe Ratio = -0.0479
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Estimated Market Risk
| 6.03 actual daily | 53 53% of assets are less volatile |
Expected Return
| -0.29 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.05 actual daily | 0 Most of other assets perform better |
Based on monthly moving average ConnectM Technology is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of ConnectM Technology by adding ConnectM Technology to a well-diversified portfolio.
Book Value (16.42) | Enterprise Value 25.4 M | Price Sales 1.19 | Shares Float 1.2 M | Shares Outstanding 21.2 M |
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ConnectM Technology Valuation on December 3, 2024
It is possible to determine the worth of ConnectM Technology on a given historical date. On December 3, 2024 ConnectM was worth 0.87 at the beginning of the trading date compared to the closed value of 0.87. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of ConnectM Technology stock. Still, in general, we apply an absolute valuation method to find ConnectM Technology's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of ConnectM Technology where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against ConnectM Technology's related companies.
| Open | High | Low | Close | Volume | |
| 0.91 | 0.91 | 0.87 | 0.88 | 22,501 | |
12/03/2024 | 0.87 | 0.92 | 0.82 | 0.87 | 72,500 |
| 0.89 | 0.89 | 0.82 | 0.83 | 32,900 |
| Backtest ConnectM Technology | | | ConnectM Technology History | | | ConnectM Technology Valuation | Previous | Next |
ConnectM Technology Trading Date Momentum on December 3, 2024
| On December 04 2024 ConnectM Technology Solutions, was traded for 0.83 at the closing time. The top price for the day was 0.89 and the lowest listed price was 0.82 . The trading volume for the day was 32.9 K. The trading history from December 4, 2024 was a factor to the next trading day price decrease. The overall trading delta against the next closing price was 4.60% . The overall trading delta against the current closing price is 5.75% . |
ConnectM Technology Fundamentals Correlations and Trends
By evaluating ConnectM Technology's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among ConnectM Technology's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. ConnectM financial account trend analysis is a perfect complement when working with valuation or volatility modules.About ConnectM Technology Stock history
ConnectM Technology investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for ConnectM is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in ConnectM Technology will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing ConnectM Technology stock prices may prove useful in developing a viable investing in ConnectM Technology
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 11.3 M | 12.1 M |
ConnectM Technology Stock Technical Analysis
ConnectM Technology technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
ConnectM Technology Period Price Range
Low | December 11, 2024
| High |
0.00 | 0.00 |
ConnectM Technology Solutions, cannot be verified against its exchange. Please verify the symbol is currently traded on NASDAQ Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
ConnectM Technology December 11, 2024 Market Strength
Market strength indicators help investors to evaluate how ConnectM Technology stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading ConnectM Technology shares will generate the highest return on investment. By undertsting and applying ConnectM Technology stock market strength indicators, traders can identify ConnectM Technology Solutions, entry and exit signals to maximize returns
ConnectM Technology Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for ConnectM Technology's price direction in advance. Along with the technical and fundamental analysis of ConnectM Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of ConnectM to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.61) | |||
| Total Risk Alpha | (1.37) | |||
| Treynor Ratio | (0.27) |
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| Math Transform | ||
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| Volume Indicators |
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in ConnectM Technology Solutions,. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate. You can also try the Aroon Oscillator module to analyze current equity momentum using Aroon Oscillator and other momentum ratios.
Is Technology Hardware, Storage & Peripherals space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of ConnectM Technology. If investors know ConnectM will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about ConnectM Technology listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.28) | Revenue Per Share 12.644 | Quarterly Revenue Growth (0.06) |
The market value of ConnectM Technology is measured differently than its book value, which is the value of ConnectM that is recorded on the company's balance sheet. Investors also form their own opinion of ConnectM Technology's value that differs from its market value or its book value, called intrinsic value, which is ConnectM Technology's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because ConnectM Technology's market value can be influenced by many factors that don't directly affect ConnectM Technology's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between ConnectM Technology's value and its price as these two are different measures arrived at by different means. Investors typically determine if ConnectM Technology is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ConnectM Technology's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.