Working with TipRanks
Follow Us
Stocks
ETFs
Options
Commodities
Crypto
Currency
Research Tools
Calendars
Economic Indicators
Calculators
Education
About Us
Working with TipRanks
Follow Us
Converge Technology Solutions Corp (TSE:CTS)
TSX:CTS
RESEARCH TOOLSreports
Converge Technology Solutions Corp (CTS) Stock Price & Analysis
321 Followers
CTS Stock Chart & Stats
Day’s RangeC$0 - C$0
52-Week RangeC$2.24 - C$6.06
Previous CloseC$5.42
Volume614.23K
Average Volume (3M)508.16K
Market Cap
C$1.10B
Enterprise ValueC$1.39B
Total Cash (Recent Filing)C$169.87M
Total Debt (Recent Filing)C$434.96M
Price to Earnings (P/E)-846.9
Beta1.64
Next Earnings
May 09, 2024EPS Estimate
C$0.12Last Dividend Ex-Date
Mar 11, 2024Dividend Yield0.74%
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding203,410,984
10 Day Avg. Volume507,948
30 Day Avg. Volume508,161
Standard Deviation0.18
R-Squared0.24
Alpha0.04
Financial Highlights & Ratios
Price to Book (P/B)-3.12
Price to Sales (P/S)0.41
Price to Cash Flow (P/CF)2.40
P/FCF Ratio2.30
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
C$6.86Price Target Upside26.57% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering7
Converge Technology Solutions Corp News
PremiumCompany Announcements
Converge Announces Q1 Fiscal 2024 Results Call
PremiumCompany Announcements
Converge Clinches Top NVIDIA Partner Awards
PremiumCompany Announcements
Converge Technology Hits Record $4B Sales in 2023
PremiumPress Releases
Converge Reports Record Q4 and FY 2023 Results
PremiumPress Releases
Converge Reports Record Q4 and FY 2023 Results
Bulls Say, Bears Say
Bulls Say
Financial PerformanceThe Company expects cash flow from operations of $109-116M and $224-231M for the year, which exceeds forecasts, indicating strong financial health.
Operational EfficiencyManagement has optimized inventory levels, addressing supply chain bottlenecks, which has contributed to the company's outperformance.
ValuationConverge Technology Solutions shares are considered significantly undervalued, trading at low multiples with a high free cash flow yield, suggesting investment potential.
Bears Say
Business Segment PerformanceFor 2024, product demand is significantly tapering against Q323 strength, which suggests a potential slowdown in one segment of the business.
Cash Flow ConcernsCTS looks for 40% of FCF Ops to make it to net FCF – analysts anticipate only $2M in Q4, a stark contrast to the forecast $17M going into Q323.
Financial ForecastFor 2024, product demand is expected to taper against previous strength, necessitating a cautious approach to revenue and earnings forecasts.
---
Options Prices
Currently, No data available
---
Ownership Overview
8.34% Insiders
5.58% Mutual Funds
1.39% Other Institutional Investors
84.69% Public Companies and
Individual Investors
CTS FAQ
What was Converge Technology Solutions Corp’s price range in the past 12 months?
Converge Technology Solutions Corp lowest stock price was C$2.23 and its highest was C$6.06 in the past 12 months.
What is Converge Technology Solutions Corp’s market cap?
Currently, no data Available
When is Converge Technology Solutions Corp’s upcoming earnings report date?
Converge Technology Solutions Corp’s upcoming earnings report date is May 09, 2024 which is in 16 days.
How were Converge Technology Solutions Corp’s earnings last quarter?
Converge Technology Solutions Corp released its earnings results on Mar 06, 2024. The company reported C$0.19 earnings per share for the quarter, beating the consensus estimate of C$0.134 by C$0.056.
Is Converge Technology Solutions Corp overvalued?
According to Wall Street analysts Converge Technology Solutions Corp’s price is currently Undervalued.
Does Converge Technology Solutions Corp pay dividends?
Converge Technology Solutions Corp pays a Thriceyearly dividend of <C$0.01 which represents an annual dividend yield of 0.74%. See more information on Converge Technology Solutions Corp dividends here
What is Converge Technology Solutions Corp’s EPS estimate?
Converge Technology Solutions Corp’s EPS estimate is C$0.12.
How many shares outstanding does Converge Technology Solutions Corp have?
Converge Technology Solutions Corp has 203,410,980 shares outstanding.
What happened to Converge Technology Solutions Corp’s price movement after its last earnings report?
Converge Technology Solutions Corp reported an EPS of C$0.19 in its last earnings report, beating expectations of C$0.134. Following the earnings report the stock price went up 6.366%.
Which hedge fund is a major shareholder of Converge Technology Solutions Corp?
Currently, no hedge funds are holding shares in TSE:CTS
---
Converge Technology Solutions Corp Stock Smart Score
Outperform
1
2
3
4
5
6
7
8
9
10
Analyst Consensus
Moderate Buy
Average Price Target:
C$6.86 (26.57% Upside)
C$6.86 (26.57% Upside)
Blogger Sentiment
Bullish
TSE:CTS Sentiment 100%
Sector Average 68%
Sector Average 68%
Insider Transactions
Bought Shares
Worth C$161.9K over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Very Negative
Last 7 Days ▼ 1.4%
Last 30 Days ▼ 9.0%
Last 30 Days ▼ 9.0%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Positive
20 days / 200 days
Momentum
44.53%
12-Months-Change
Fundamentals
Return on Equity
-0.24%
Trailing 12-Months
Asset Growth
-4.25%
Trailing 12-Months
Company Description
Converge Technology Solutions Corp
Converge Technology Solutions Corp is a Canadian company building a platform of regionally focused Hybrid IT infrastructure providers that deliver best-of-breed solutions and services in the United States. The solutions provided include multi-cloud solutions, the blockchain, resiliency, and managed services, enabling the company to address the business and IT issues that public and private-sector organizations face. It has two reportable segments: the United States and Canada. The majority of its revenue is generated from product sales in the United States.
---
CTS Stock 12 Months Forecast
Average Price Target
C$6.86
▲(26.57% Upside)
Technical Analysis
Best Analysts Covering CTS
1 Year
1 Year Success Rate
16/30 ratings generated profit
1 Year Average Return
+71.53%
assigned a buy rating 20 days ago
Copying Rob Goff's trades and holding each position for 1 Year would result in 53.33% of your transactions generating a profit, with an average return of +71.53% per trade.
---