Connectm Technology Solutions (NASDAQ:CNTM) Trading 9.2% Higher – Still a Buy?

Connectm Technology Solutions Inc. (NASDAQ:CNTMGet Free Report)’s share price rose 9.2% during trading on Thursday . The company traded as high as $0.4470 and last traded at $0.4205. Approximately 223,582 shares changed hands during mid-day trading, a decline of 1% from the average daily volume of 226,408 shares. The stock had previously closed at $0.3850.

Connectm Technology Solutions Stock Performance

The stock has a market cap of $8.94 million, a PE ratio of -0.43 and a beta of -0.17. The firm’s 50-day moving average is $0.27 and its 200 day moving average is $0.18.

Connectm Technology Solutions Company Profile

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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.

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