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P/E Ratio
Volume Traded Today
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ConnectM Technology Solutions, Inc. Market Cap
From what 0 stock analysts predict, the share price for ConnectM Technology Solutions, Inc. (CNTM) might decrease by 100% in the next year. This is based on a 12-month average estimation for CNTM. Price targets go from $ to $. The majority of stock analysts believe CNTM is a sell. Please note analyst price targets are not guaranteed and could be missed completely.
CNTM is a stock in Technology which has been forecasted to be worth $ as an average. On the higher end, the forecast price is $ USD by from and on the lower end CNTM is forecasted to be $ by from .
These are the latest 20 analyst ratings of CNTM.
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When did it IPO
2024
Staff Count
154
Country
United States
Sector/Industry
Technology/Software - Application
CEO
Mr. Bhaskar C. Panigrahi
Market Cap
$17.7M
In 2023, CNTM generated $0 in revenue, which was a increase of 0.00% from the previous year. This can be seen as a signal that CNTM's business is growing, and its share price could be worth more in the future. However, if the company grows faster (or slower) than expected, this could also have a major impact on the future share price.
Revenue From 2020
Revenue From 2021
Revenue From 2022
Revenue From 2023
Tue, 19 Nov 2024
Sentiment - NEUTRAL
Source - GlobeNewsWire
Summary - ConnectM Technology Solutions reported a 36% increase in Q3 revenue to $6.1 million and 11% growth for the nine months to $17.3 million. FY2024 revenue is projected to exceed $24 million, up 20% YoY.
Why It Matters - Strong revenue growth and positive cash flow projections indicate solid financial health for ConnectM, potentially boosting investor confidence and stock performance.
Tue, 01 Oct 2024
Sentiment - NEUTRAL
Source - GlobeNewsWire
Summary - ConnectM Technology Solutions (Nasdaq: CNTM) projects over $20 million in revenue growth within the next year after entering a Master Services Agreement with Devlin Energy for renewable energy projects.
Why It Matters - ConnectM's MSA with Devlin Energy is expected to generate over $20 million in revenue, signaling strong growth potential and profitability, which could positively impact stock performance.
Tue, 17 Sep 2024
Sentiment - NEUTRAL
Source - GlobeNewsWire
Summary - ConnectM Technology Solutions converted $7.5 million of debt to equity, reducing annual interest expenses by $1.8 million, enhancing free cash flow. Stock conversion price was $2.00 per share.
Why It Matters - The conversion reduces annual interest expenses by $1.8 million, enhancing free cash flow and potentially improving profitability and stock value for ConnectM Technology Solutions.
Wed, 28 Aug 2024
Sentiment - NEUTRAL
Source - GlobeNewsWire
Summary - ConnectM Technology Solutions' Board approved a debt equity swap, converting up to $15 million of debt into common equity at $2.00 per share, aimed at deleveraging the balance sheet.
Why It Matters - The debt equity swap could improve ConnectM's financial health by reducing liabilities, potentially increasing shareholder value as debt decreases and equity rises.
Fri, 23 Aug 2024
Sentiment - NEUTRAL
Source - InvestorPlace
Summary - ConnectM Technology (NASDAQ: CNTM) reported Q2 2024 earnings per share of 15 cents.
Why It Matters - ConnectM Technology's Q2 2024 earnings of 15 cents per share indicate financial performance, impacting stock valuation and investor sentiment.
Thu, 22 Aug 2024
Sentiment - NEUTRAL
Source - GlobeNewsWire
Summary - ConnectM Technology Solutions has made its investor presentation available on its website and filed it with the SEC, highlighting its asset-light and capital-efficient energy intelligence network.
Why It Matters - Access to the investor presentation provides insights into ConnectM's strategy and performance, potentially influencing stock valuation and investor interest in the electrification sector.
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