Converge Technology Solutions Stock Today
| CTS Stock | CAD 3.36 0.06 1.82% |
Performance0 of 100
| Odds Of DistressLess than 49
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Converge Technology is selling at 3.36 as of the 1st of December 2024; that is 1.82% increase since the beginning of the trading day. The stock's open price was 3.3. Converge Technology has 49 percent odds of going through some form of financial distress in the next two years and has generated negative returns to investors over the last 90 days. Equity ratings for Converge Technology Solutions are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 2nd of September 2024 and ending today, the 1st of December 2024. Click here to learn more.
Business Domain Software & Services | Category Technology | Classification Information Technology |
Converge Technology Solutions Corp. provides software-enabled IT and cloud solutions for corporate and government institutions in the United States and Canada. Converge Technology Solutions Corp. was incorporated in 2016 and is headquartered in Gatineau, Canada. The company has 193.07 M outstanding shares of which 1.72 M shares are currently shorted by private and institutional investors with about 3.08 days to cover all short positions. More on Converge Technology Solutions
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Converge Stock Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Converge Technology's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Converge Technology or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| Global President | Greg Berard | ||||
| Thematic Ideas | (View all Themes) | ||||
| Business Concentration | IT Consulting & Other Services, Information Technology Services, Information Technology, Computers, ISP, Information Technology, IT Services, Information Technology Services, Technology, Computing (View all Sectors) | ||||
Converge Technology's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Converge Technology's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit. | |||||
Debt LevelsConverge Technology can leverage the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Converge Technology's financial leverage. It provides some insight into what part of Converge Technology's total assets is financed by creditors.
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Converge Technology Solutions (CTS) is traded on Toronto Exchange in Canada and employs 2,700 people. Converge Technology is listed under IT Consulting & Other Services category by Fama And French industry classification. The company currently falls under 'Small-Cap' category with a current market capitalization of 648.7 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Converge Technology's market, we take the total number of its shares issued and multiply it by Converge Technology's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Converge Technology operates under IT Services sector and is part of Information Technology industry. The entity has 193.07 M outstanding shares of which 1.72 M shares are currently shorted by private and institutional investors with about 3.08 days to cover all short positions.
Converge Technology Solutions has accumulated about 184.18 M in cash with 195.82 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.86.
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Ownership AllocationConverge Technology holds a total of 193.07 Million outstanding shares. 30% of Converge Technology Solutions outstanding shares are owned by other corporate entities. Institutional investors are typically referred to investors that purchase positions in a given stock to benefit from reduced commissions. Consequently, institutional investors are subject to different rules and regulations than regular investors. Please look out for any change in current institutional holding as this could mean something significant has changed at the company or is about to change. Please note that no matter how many assets the company secures, if the real value of the firm is less than the current market value, you may not be able to make money on it.
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Converge Technology Risk Profiles
Although Converge Technology's alpha and beta are two of the key measurements used to evaluate Converge Technology's performance over the market, the standard measures of volatility play an important role as well.
| Mean Deviation | 2.4 | |||
| Standard Deviation | 3.99 | |||
| Variance | 15.91 | |||
| Risk Adjusted Performance | (0.07) |
Converge Stock Against Markets
| CTS | 1.82 |
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Converge Technology Corporate Management
Elected by the shareholders, the Converge Technology's board of directors comprises two types of representatives: Converge Technology inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Converge. The board's role is to monitor Converge Technology's management team and ensure that shareholders' interests are well served. Converge Technology's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Converge Technology's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Avjitpal Kamboj | Chief Officer | Profile | |
| Cari Hash | VP Sales | Profile | |
| Emily Martin | Executive Platforms | Profile | |
| Emily Harnish | Chief Officer | Profile | |
| Cory Reid | COO Officer | Profile | |
| Julianne Belaga | Chief Officer | Profile | |
| Richard Lecoutre | Global Officer | Profile |
Other Information on Investing in Converge Stock
Converge Technology financial ratios help investors to determine whether Converge Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Converge with respect to the benefits of owning Converge Technology security.