|
|
|
|
Connectm Technology Solutions Inc (NASDAQ: CNTM) |
|
|
|
| |
CNTM $0.2411
$-0.0052 
-2.11%
|
Volume (M):
62
Open :
0.24 52 Wk Avg :
0.88
|
CNTM $0.2411
$-0.0052
-2.11%
|
Volume (M):
62
Open :
0.24 52 Wk Avg :
0.88
|
|
Connectm Technology Solutions Inc CNTM.NASDAQ Chart and Quote
|
CNTM Today's High:
|
$0.2552
|
CNTM Shares One Week Perf:
|
3.48 %
|
| CNTM Today's Low: |
$ 0.23 |
CNTM Shares 30 Day Performance: |
14.27 % |
| Number of CNTM Shares Traded (M): |
62 |
CNTM Share Price 52 Wk High: |
$ 2.89 |
| Value of CNTM's Shares Traded (M$): |
$ 15 |
CNTM Share Price 52 Wk Avg: |
$0.88 |
| Share Price at the Open: |
$0.24 |
CNTM's Share Price 52 Wk Low: |
$0.10 |
Connectm Technology Solutions Inc shares increased by 7.65 % during the trailing 30 days, this brings the year to date performance to -80.3%. Connectm Technology Solutions Inc shares are currently trading on the NASDAQ by -72.1% below its 52 week average.
Connectm Technology Solutions Inc 's share price is delayed for 15 minutes
Select the Period on the chart to see the CNTM.NASDAQ's share price performance, or type custom period of your choice
CNTM Company Profile >> Share performance within Construction Services Industry >> Compare CNTM to its Benchmarks |
News about Connectm Technology Solutions Inc's Stock Splits and Dividends |
|
September 26, 2024
In a significant financial maneuver, ConnectM Technology Solutions Inc has announced the elimination of a staggering $13.7 million in debt, a decision that is poised to reshape its fiscal landscape. The company also completed the conversion of $6.2 million in debt into equity in what it describes as the second tranche of its debt-to-equity strategy. This series of decisions is forecasted to have profound implications for ConnectM?s shares and overall business health. Key Developments:1. Elimination of Debt: ConnectM has successfully wiped $13.7 million from its financial records. This strategic debt reduction is expected to alleviate pressure on the company?s cash flow and enhance its financial stability.
|
|
September 17, 2024
In a significant move aimed at enhancing both transparency and investor engagement, ConnectM has announced a strategic financial maneuver that promises to optimize its capital structure and facilitate free cash flow growth. The release of the SEC-filed presentation on August 22, 2024, highlights the firm?s commitment to financiaI discipline, while also signaling a new era of investor relations.
A Closer Look at the Financial Conversion
At the core of ConnectM?s announcement is a bold conversion strategy that is expected to reduce the company?s annual interest expenses by a notable $1.8 million. This financial shift is not merely an accounting adjustment; it represents a proactive approach to managing the company?s financial obligations and improving overall profitability. The resultant savings in interest expenses will be seamlessly redirected into the company?s free cash flow, allowing ConnectM to reinvest in its growth initiatives while enhancing shareholder value.
|
|
|
|
CSIMarket Company, Sector, Industry, Market Analysis, Stock Quotes, Earnings, Economy, News and Research.
Copyright © 2025 CSIMarket, Inc. All rights
reserved.
Intraday data delayed per exchange requirements. All quotes are in local exchange time. Intraday data delayed 15 minutes for Nasdaq, and other exchanges. Fundamental and financial data for Stocks, Sector, Industry, and Economic Indicators provided by CSIMarket.com
