Converge Technology Solutions Corp

Company Profile

Converge Technology Solutions Corp had its IPO on under the ticker symbol CTSDF.

The company operates in the Technology sector and Information Technology Services industry. Converge Technology Solutions Corp has a staff strength of 0 employees.

Stock update

Shares of Converge Technology Solutions Corp opened at $2.11 at the start of the last trading session i.e. 2023-09-12.

The stocks traded within a range of $2.11 - $2.22, and closed at $2.17.

This is a +2.84% increase from the previous day's closing price.

A total volume of 8,352 shares were traded at the close of the day’s session.

In the last one week, shares of Converge Technology Solutions Corp have increased by +3.19%.

Converge Technology Solutions Corp's Key Ratios

Converge Technology Solutions Corp has a market cap of $540.37 million, indicating a price to book ratio of 1.6797 and a price to sales ratio of 0.3125.

In the last 12-months Converge Technology Solutions Corp’s revenue was $2.35 billion with a gross profit of $550.77 million and an EBITDA of $136.35 million. The EBITDA ratio measures Converge Technology Solutions Corp's overall financial performance and is widely used to measure its profitability.

In the trailing 12-month period, Converge Technology Solutions Corp’s operating margin was 2.4% while its return on assets stood at 1.87% with a return of equity of 3.44%.

In Q1, Converge Technology Solutions Corp’s quarterly earnings growth was a positive 388.7% while revenue growth was a positive 37.3%.

Converge Technology Solutions Corp’s PE and PEG Ratio

Forward PE

8.8261

Trailing PE

28.6889

PEG

Its diluted EPS in the last 12-months stands at $0.09 per share while it has a forward price to earnings multiple of 8.8261 and a PEG multiple of . A low price to earnings ratio can mean the stock is attractively valued while a high ratio suggests the stock may be overvalued.

The PEG on the other hand provides a broader view compared to the P/E ratio and gives greater insight into Converge Technology Solutions Corp’s profitability.

Converge Technology Solutions Corp stock is trading at a EV to sales ratio of 0.3906 and a EV to EBITDA ratio of 7.2003. Its price to sales ratio in the trailing 12-months stood at 0.3125.

Converge Technology Solutions Corp stock pays annual dividends of $0.01 per share, indicating a yield of 1.16% and a payout ratio of 0%.

Balance sheet and cash flow metrics

Total Assets

$2.22 billion

Total Liabilities

$1.42 billion

Operating Cash Flow

$0

Capital Expenditure

$5.11 million

Dividend Payout Ratio

0%

Converge Technology Solutions Corp ended 2024 with $2.22 billion in total assets and $0 in total liabilities. Its intangible assets were valued at $2.22 billion while shareholder equity stood at $603.48 million.

Converge Technology Solutions Corp ended 2024 with $0 in deferred long-term liabilities, $1.42 billion in other current liabilities, in common stock, $-20398000.00 in retained earnings and $567.00 million in goodwill. Its cash balance stood at $139.03 million and cash and short-term investments were $0. The company’s total short-term debt was $0 while long-term debt stood at $0.

Converge Technology Solutions Corp’s total current assets stands at $1.11 billion while long-term investments were $0 and short-term investments were $0. Its net receivables were $784.10 million compared to accounts payable of $828.00 million and inventory worth $157.61 million.

In 2024, Converge Technology Solutions Corp's operating cash flow was $0 while its capital expenditure stood at $5.11 million.

Comparatively, Converge Technology Solutions Corp paid $0 in dividends in 2024.

Other key metrics

Current Trading Price

$2.17

52-Week High

$5.81

52-Week Low

$1.95

Analyst Target Price

$

Converge Technology Solutions Corp stock is currently trading at $2.17 per share. It touched a 52-week high of $5.81 and a 52-week low of $5.81. Analysts tracking the stock have a 12-month average target price of $.

Its 50-day moving average was $2.22 and 200-day moving average was $2.9 The short ratio stood at 0 indicating a short percent outstanding of 0%.

Around 475.7% of the company’s stock are held by insiders while 3300.6% are held by institutions.