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Converge Technology Solutions Corp (TSE:CTS)
TSX:CTS
RESEARCH TOOLSreports
Converge Technology Solutions Corp (CTS) Stock Price & Analysis
359 Followers
CTS Stock Chart & Stats
Day’s RangeC$0 - C$0
52-Week RangeC$2.23 - C$6.04
Previous CloseC$4.13
Volume251.53K
Average Volume (3M)525.02K
Market Cap
C$801.21M
Enterprise ValueC$1.10B
Total Cash (Recent Filing)C$169.87M
Total Debt (Recent Filing)C$434.96M
Price to Earnings (P/E)―
Beta1.25
Next Earnings
Aug 08, 2024EPS Estimate
C$0.14Last Dividend Ex-Date
May 22, 2024Dividend Yield1.09%
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding199,870,384
10 Day Avg. Volume643,077
30 Day Avg. Volume525,021
Standard Deviation0.18
R-Squared0.22
Alpha0.03
Financial Highlights & Ratios
Price to Book (P/B)-2.49
Price to Sales (P/S)0.32
Price to Cash Flow (P/CF)1.90
P/FCF Ratio1.80
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
C$6.56Price Target Upside60.00% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering4
Converge Technology Solutions Corp News
PremiumCompany Announcements
Converge Announces Q2 2024 Results Conference Call
PremiumCompany Announcements
Converge Technology Streamlines Operations
PremiumCompany Announcements
Converge Bolsters Board with Tech Veterans
PremiumCompany Announcements
Converge Tech’s Shareholders Back New Board
PremiumCompany Announcements
Converge Hits Billion-Dollar Sales Milestone Again
PremiumPress Releases
Converge Reports First Quarter 2024 ResultsBulls Say, Bears Say
Bulls Say
Debt ReductionCTS significantly reduced its net debt by $69M in the quarter, improving its net debt to EBITDA ratio from 1.9 to 1.5.
Free Cash FlowThe standout in the quarter was CTS's free cash flow, which hit $110.9M, far exceeding the forecast of $10.3M and Q123's $28.8M.
Working Capital EfficiencyCTS generated $101M from its working capital by extending its accounts payable from 94 days to 111 days, freeing up $68M.
Bears Say
EarningsOrganic growth for gross revenues in the quarter was 4.2% against 10.9% for Q423.
Geographical PerformanceGermany recorded a 22% y/y decline in organic growth.
Regional ImpactOrganic growth in North America at 7.0% was diluted by the 22% y/y decline in Germany.
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Options Prices
Currently, No data available
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Ownership Overview
8.81% Insiders
6.15% Mutual Funds
1.56% Other Institutional Investors
83.47% 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$6.04 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 Aug 08, 2024 which is in 17 days.
How were Converge Technology Solutions Corp’s earnings last quarter?
Converge Technology Solutions Corp released its earnings results on May 09, 2024. The company reported C$0.11 earnings per share for the quarter, missing the consensus estimate of C$0.121 by -C$0.011.
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 1.09%. 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$0.14.
How many shares outstanding does Converge Technology Solutions Corp have?
Converge Technology Solutions Corp has 195,425,380 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$0.11 in its last earnings report, missing expectations of C$0.121. Following the earnings report the stock price went down -11.384%.
Which hedge fund is a major shareholder of Converge Technology Solutions Corp?
Currently, no hedge funds are holding shares in TSE:CTS
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Converge Technology Solutions Corp Stock Smart Score
Unlock Smart Score
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Analyst Consensus
Strong Buy
Average Price Target:
C$6.56 (60.00% Upside)
C$6.56 (60.00% Upside)
Blogger Sentiment
Bullish
TSE:CTS Sentiment 100%
Sector Average 70%
Sector Average 70%
Insider Transactions
Sold Shares
Worth C$272.0K over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Negative
Last 7 Days ▼ 1.7%
Last 30 Days ▼ 0.2%
Last 30 Days ▼ 0.2%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Negative
20 days / 200 days
Momentum
21.36%
12-Months-Change
Fundamentals
Return on Equity
-0.24%
Trailing 12-Months
Asset Growth
-2.83%
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.
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CTS Stock 12 Month Forecast
Average Price Target
C$6.56
▲(60.00% Upside)
Technical Analysis
Best Analysts Covering CTS
1 Year
1 Year Success Rate
15/31 ratings generated profit
1 Year Average Return
+61.05%
assigned a buy rating 2 months ago
Copying Rob Goff's trades and holding each position for 1 Year would result in 48.39% of your transactions generating a profit, with an average return of +61.05% per trade.
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