Converge Technology Solutions (CTS) Stock Price, News & Analysis

Company Overview

Converge Technology Solutions Corp. provides software-enabled IT and cloud solutions in the United States and Canada. Its solutions approach delivers advanced analytics, artificial intelligence, application modernization, cloud, cybersecurity, digital infrastructure, and digital workplace offerings to clients across various industries. The company also offers managed and talent services, and hardware and software products and solutions. Converge Technology Solutions Corp. was incorporated in 2016 and is headquartered in Toronto, Canada.

Key Stats

• Today's Range: C$3.35 to C$3.44
• 50-Day Range: C$2.99 to C$4.76
• 52-Week Range: C$2.90 to C$6.06
• Volume: 494,734 shs
• Average Volume: 544,323 shs
• Market Capitalization: C$667.58 million
• P/E Ratio: N/A
• Dividend Yield: 1.75%
• Price Target: C$5.86
• Consensus Rating: Moderate Buy

Converge Technology Solutions Stock Analysis - MarketRank™

Converge Technology Solutions scored higher than 58% of companies evaluated by MarketBeat. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.3 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Converge Technology Solutions has received a consensus rating of Moderate Buy. The company's average rating score is 2.55, and is based on 4 buy ratings, 6 hold ratings, and no sell ratings.

Amount of Analyst Coverage

Converge Technology Solutions has only been the subject of 4 research reports in the past 90 days.

Earnings and Valuation

• Score: 1.3 / 5
• Proj. Earnings Growth: N/A

Price to Earnings Ratio vs. the Market

The P/E ratio of Converge Technology Solutions is -4.28, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Ratio vs. Sector

The P/E ratio of Converge Technology Solutions is -4.28, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Growth Ratio

Converge Technology Solutions has a PEG Ratio of 0.14. PEG Ratios below 1 indicate that a company could be undervalued.

Price to Book Value per Share Ratio

Converge Technology Solutions has a P/B Ratio of 1.74. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: N/A
• Short Interest Level: N/A

Short Interest

There is no current short interest data available for CTS.

Dividend

• Score: 0.8 / 5
• Dividend Strength: Weak

Dividend Yield

Converge Technology Solutions pays a meaningful dividend of 1.30%, higher than the bottom 25% of all stocks that pay dividends.

Dividend Growth

Converge Technology Solutions does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Short Interest

There is no current short interest data available for CTS.

News and Social Media

• Score: 2.5 / 5
• News Sentiment: 0.51

News Sentiment

Converge Technology Solutions has a news sentiment score of 0.51. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.63 average news sentiment score of Computer and Technology companies.

News Coverage This Week

MarketBeat has tracked 10 news articles for Converge Technology Solutions this week, compared to 1 article on an average week.

MarketBeat Follows

4 people have added Converge Technology Solutions to their MarketBeat watchlist in the last 30 days. This is an increase of 300% compared to the previous 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: Acquiring Shares

Insider Buying vs. Insider Selling

In the past three months, Converge Technology Solutions insiders have bought more of their company's stock than they have sold. Specifically, they have bought C$68,864.00 in company stock and sold C$0.00 in company stock.

Percentage Held by Insiders

Only 5.97% of the stock of Converge Technology Solutions is held by insiders.

Percentage Held by Institutions

Only 33.29% of the stock of Converge Technology Solutions is held by institutions.

CTS Stock Analysis - Frequently Asked Questions

How have CTS shares performed this year?

Converge Technology Solutions' stock was trading at C$4.14 at the beginning of the year. Since then, CTS stock has decreased by 17.4% and is now trading at C$3.42.
View the best growth stocks for 2024 here.

How do I buy shares of Converge Technology Solutions?

Shares of CTS stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor, Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers.
Compare Top Brokerages Here.

What other stocks do shareholders of Converge Technology Solutions own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Converge Technology Solutions investors own include Meta Platforms (META), Toronto-Dominion Bank (TD), NVIDIA (NVDA), Lightspeed Commerce (LSPD), Air Canada (AC), Whitecap Resources (WCP) and TELUS (T).

Company Calendar

• Ex-Dividend for 9/10 Dividend: 8/27/2024
• Dividend Payable: 9/10/2024
• Today: 11/23/2024
• Ex-Dividend for 12/28 Dividend: 12/10/2024
• Dividend Payable: 12/28/2024
• Next Earnings (Estimated): 3/05/2025

Industry, Sector and Symbol

• Stock Exchange: TSE
• Sector: Computer and Technology
• Industry: Information Technology Services
• Sub-Industry: Electronic Equipment
• Current Symbol: TSE:CTS
• CUSIP: N/A
• CIK: N/A
• Web: www.convergetp.com
• Phone: 416 360 1495
• Fax: N/A
• Employees: 4,210
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: C$5.86
• High Stock Price Target: C$9.00
• Low Stock Price Target: C$4.00
• Potential Upside/Downside: +71.3%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.55
• Research Coverage: 11 Analysts

Profitability

• EPS (Most Recent Fiscal Year): C($0.80)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: 4.97
• P/E Growth: 0.14
• Net Income: C$-161,170,000.00
• Net Margins: -6.10%
• Pretax Margin: N/A
• Return on Equity: -33.46%
• Return on Assets: 1.62%

Debt

• Debt-to-Equity Ratio: 99.08
• Current Ratio: 1.00
• Quick Ratio: 0.68

Sales & Book Value

• Annual Sales: C$2.64 billion
• Price / Sales: 0.25
• Cash Flow: C$0.61 per share
• Price / Cash Flow: 5.63
• Book Value: C$1.96 per share
• Price / Book: 1.74

Miscellaneous

• Outstanding Shares: 195,200,000
• Free Float: N/A
• Market Cap: C$667.58 million
• Optionable: Not Optionable
• Beta: 1.81