Research Analysts Issue Forecasts for CNTM FY2024 Earnings

Connectm Technology Solutions Inc. (NASDAQ:CNTM) – Research analysts at Diamond Equity issued their FY2024 EPS estimates for Connectm Technology Solutions in a research report issued to clients and investors on Wednesday, February 26th. Diamond Equity analyst H. Diamond forecasts that the company will post earnings per share of ($1.18) for the year. Diamond Equity also issued estimates for Connectm Technology Solutions’ Q4 2024 earnings at ($0.06) EPS, Q1 2025 earnings at ($0.08) EPS, Q2 2025 earnings at ($0.06) EPS, Q3 2025 earnings at ($0.05) EPS, Q4 2025 earnings at ($0.03) EPS, FY2025 earnings at ($0.22) EPS and FY2026 earnings at ($0.13) EPS.

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

Connectm Technology Solutions Stock Down 13.9 %

NASDAQ CNTM opened at $0.61 on Monday. The stock’s 50-day moving average is $1.06 and its 200-day moving average is $1.00. Connectm Technology Solutions has a one year low of $0.60 and a one year high of $12.47.

Insider Buying and Selling at Connectm Technology Solutions

In related news, insider Mahesh Choudhury acquired 27,800 shares of the company’s stock in a transaction that occurred on Friday, December 20th. The shares were acquired at an average cost of $1.09 per share, for a total transaction of $30,302.00. Following the completion of the acquisition, the insider now directly owns 259,768 shares in the company, valued at approximately $283,147.12. The trade was a 11.98 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 33.97% of the company’s stock.

Hedge Funds Weigh In On Connectm Technology Solutions

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CNTM. XTX Topco Ltd acquired a new position in shares of Connectm Technology Solutions during the fourth quarter worth about $27,000. Choate Investment Advisors lifted its stake in Connectm Technology Solutions by 39.3% in the 4th quarter. Choate Investment Advisors now owns 98,820 shares of the company’s stock valued at $120,000 after acquiring an additional 27,880 shares in the last quarter. Polar Asset Management Partners Inc. acquired a new position in Connectm Technology Solutions during the 3rd quarter worth approximately $172,000. Finally, Toronto Dominion Bank bought a new position in shares of Connectm Technology Solutions during the 4th quarter worth approximately $609,000. 79.59% of the stock is owned by institutional investors and hedge funds.

Connectm Technology Solutions Company Profile

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.