Connectm Technology Solutions (CNTM) Projected to Post Earnings on Wednesday

Connectm Technology Solutions (NASDAQ:CNTM) is expected to be posting its quarterly earnings results before the market opens on Wednesday, March 12th. Analysts expect Connectm Technology Solutions to post earnings of ($0.06) per share and revenue of $8.30 million for the quarter.

Connectm Technology Solutions (NASDAQ:CNTM) last announced its quarterly earnings results on Friday, December 13th. The company reported ($0.61) earnings per share for the quarter. During the same quarter in the previous year, the business earned ($0.12) EPS.

Connectm Technology Solutions Stock Up 7.0 %

Shares of CNTM stock opened at $0.61 on Monday. Connectm Technology Solutions has a fifty-two week low of $0.55 and a fifty-two week high of $12.47. The firm’s 50 day moving average price is $1.01 and its two-hundred day moving average price is $0.99.

Insider Buying and Selling at Connectm Technology Solutions

In other news, insider Mahesh Choudhury bought 27,800 shares of Connectm Technology Solutions stock in a transaction dated Friday, December 20th. The shares were acquired at an average cost of $1.09 per share, with a total value of $30,302.00. Following the completion of the transaction, the insider now owns 259,768 shares in the company, valued at approximately $283,147.12. This trade represents a 11.98 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 33.97% of the stock is currently owned by corporate insiders.

About Connectm Technology Solutions

Connectm Technology Solutions, Inc is a technology company, which engages in the electrification economy by integrating electrified energy assets with an AI-driven technology solutions platform. It provides solutions for residential and light commercial buildings, and all-electric original equipment manufacturers (OEMs), with a proprietary digital platform to accelerate the transition to solar and all-electric heating, cooling, and transportation to reduce dependence on fossil fuels, overall energy costs, and carbon footprint.