Converge Technology Solutions logo

CTS - Converge Technology Solutions Share Price

C$1.56 0.0  0.0%

Last Trade - 12/08/20

Sector
Technology
Size
Small Cap
Market Cap £85.0m
Enterprise Value £167.4m
Revenue £480.1m
Position in Universe 604th / 2676
Bullish
Bearish
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Momentum
Relative Strength (%)
1m -3.57%
3m
6m
1yr
Volume Change (%)
10d / 3m
Price vs... (%)
52w High -17.3%
50d MA
200d MA
Growth & Value
12m Forecast Rolling Industry Market
Valuation (ttm) Industry Market
Margin of Safety
Qualifying GuruScreens
Financial Summary
Year End 31st Dec 2014 2015 2016 2017 2018 2019 2020E 2021E CAGR / Avg
0.000 0.000 0.000 52.8 459.2 687.8 979.8 1,086 +261%
+161.4
PEG
Profitability
ROA
%
%
Cashflow
Dividends
Balance Sheet
NFA
m
FINANCIAL BRIEF: : For the six months ended 30 June 2020, Converge Technology Solutions Corp revenues increased 43% to C$469.4M. Net loss increased 11% to C$5.8M. Revenues reflect United States segment increase of 53% to C$377.3M, Canada segment increase of 13% to C$92M. Higher net loss reflects Employee compensation and benefits increase of 50% to C$59.2M (expense), Depreciation and amortization increase from C$5.2M to C$11M (expense).
Health Trend(F-Score)
0 1 2 3 4 5 6 7 8 9
Bankruptcy Score(Z-Score)
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Safe
Earnings Manipulation Risk(M-Score)
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Recent History
Latest interim period vs. prior period Industry Market
3yr Compound Annual Growth Rate Industry Market
Graphical History

Revenue

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Net Income

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Normalised EPS

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PE Ratio Range

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Dividend Yield Range

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Analyst Forecasts
Price Target:
( below Price)
31st Dec 2020
31st Dec 2021
Est. Long Term Growth Rate: Net Profit
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Consensus Estimate
1m Change
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Analyst Consensus
Strong Sell Sell Hold Buy Strong Buy
EPS 2019 /  2020
CTS EPS Forecasts Unlock CTS Revenue
Profile Summary

Converge Technology Solutions Corp, formerly Norwick Capital Corp, is a Canada-based company that provides information technology (IT) solutions. The Company offers a platform of regionally-focused Hybrid IT solutions providers to assist them in their provision of multi-cloud solutions, blockchain, resiliency, and managed services, which enables the Company to address the business and IT issues that public and private-sector organizations face. Converge Technology Solutions Corp offers the following solutions: Hybrid IT, Cloud, Data Center, Collaboration, Security and Identity Management. Its portfolio companies include Becker-Carroll, BlueChipTek and Corus360, among others. The Company has offices across the United States, Canada and the United Kingdom.

Directors
Last Annual December 31st, 2019
Last Interim June 30th, 2020
Incorporated January 4, 2018
Public Since April 30, 2018
No. of Shareholders: n/a
No. of Employees: n/a
Sector Technology
Industry Software & IT Services
Index
Exchange TSX Venture Exchange
Shares in Issue 92,822,844
Free Float (0.0%)
Eligible for
ISAs
SIPPs
CTS Share Price Performance
Share Price
Bid - Ask
Low - High
Spread
Day's Change
Avg Volume
Open - Close
Range (12m)
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Latest News for CTS
Upcoming Events for CTS
Thursday 20th August, 2020 Estimate
Q2 2020 Converge Technology Solutions Corp Earnings Release
Thursday 19th November, 2020 Estimate
Q3 2020 Converge Technology Solutions Corp Earnings Release
Tuesday 9th February, 2021 Estimate
Q4 2020 Converge Technology Solutions Corp Earnings Release
Frequently Asked Questions for Converge Technology Solutions
What is the Converge Technology Solutions share price?

As of 12/08/20, shares in Converge Technology Solutions are trading at C$1.56, giving the company a market capitalisation of £85.0m. This share price information is delayed by 15 minutes.

How has the Converge Technology Solutions share price performed this year?

Shares in Converge Technology Solutions are currently trading at C$1.56 and the price has moved by 65.96% over the past 365 days. In terms of relative price strength - which takes into account the overall market trend - the Converge Technology Solutions price has moved by 61.42% over the past year.

What are the analyst and broker recommendations for Converge Technology Solutions?

Of the analysts with advisory recommendations for Converge Technology Solutions, there are there are currently 2 "buy" , 0 "hold" and 0 "sell" recommendations. The overall consensus recommendation for Converge Technology Solutions is Buy. You can view the full broker recommendation list by unlocking its StockReport.

When will Converge Technology Solutions next release its financial results?

Converge Technology Solutions is scheduled to issue upcoming financial results on the following dates:

Interim results are scheduled for: 2021-06-30
What is the Converge Technology Solutions dividend yield?

Converge Technology Solutions does not currently pay a dividend.

Does Converge Technology Solutions pay a dividend?

Converge Technology Solutions does not currently pay a dividend.

When does Converge Technology Solutions next pay dividends?

Converge Technology Solutions does not currently pay a dividend.

How do I buy Converge Technology Solutions shares?

To buy shares in Converge Technology Solutions you'll need a share-dealing account with an online or offline stock broker. Once you have opened your account and transferred funds into it, you'll be able to search and select shares to buy and sell. You can use Stockopedia’s share research software to help you find the the kinds of shares that suit your investment strategy and objectives.

What is the market cap of Converge Technology Solutions?

Shares in Converge Technology Solutions are currently trading at C$1.56, giving the company a market capitalisation of £85.0m.

Where are Converge Technology Solutions shares listed? Where are Converge Technology Solutions shares listed?

Here are the trading details for Converge Technology Solutions:

Country of listing: Canada
Exchange: CVE
Ticker Symbol: CTS
What kind of share is Converge Technology Solutions?

Based on an overall assessment of its quality, value and momentum, Converge Technology Solutions is currently classified as a Super Stock. The classification is based on a composite score that examines a wide range of fundamental and technical measures. Stock are classified on the the following spectrum: Super Stocks, High Flyers, Contrarians, Turnarounds, Neutral, Value Traps, Momentum Traps, Falling Stars, and Sucker Stocks. For more information, learn about our StockRank Styles.

Is there a Converge Technology Solutions share price forecast 2020?

Shares in Converge Technology Solutions are currently priced at C$1.56. At that level they are trading at 79.75% discount to the analyst consensus target price of 0.00.

Analysts covering Converge Technology Solutions currently have a consensus Earnings Per Share (EPS) forecast of 0.07 for the next financial year.

How can I tell whether the Converge Technology Solutions share price will go up?

An important predictor of whether a stock price will go up is its track record of momentum. Price trends tend to persist, so it's worth looking at them when it comes to a share like Converge Technology Solutions. Over the past six months, the relative strength of its shares against the market has been 27.93%. At the current price of C$1.56, shares in Converge Technology Solutions are trading at 25.6% against their 200 day moving average. You can read more about the power of momentum in assessing share price movements on Stockopedia.

What is the Converge Technology Solutions PE Ratio?

We were not able to find PE ratio data for Converge Technology Solutions.

Who are the key directors of Converge Technology Solutions?

Converge Technology Solutions's management team is headed by:

Shaun Maine - PRE
Gordon McMillan - CHM
Brian Phillips - IND
Nathan Chan - IND
Mary Anne Palangio - CFO
Don Cuthbertson - COO
Cory Reid - CIO
Carl Smith - CFO
Who are the major shareholders of Converge Technology Solutions?

Here are the top five shareholders of Converge Technology Solutions based on the size of their shareholding:

Maine (Shaun) Individual Investor
Percentage owned: 12.42% (11.5m shares)
Mcmillan, Gordon Individual Investor
Percentage owned: 8.89% (8.25m shares)
Berard (Greg) Individual Investor
Percentage owned: 0.55% (512k shares)
Reid (Cory) Individual Investor
Percentage owned: 0.39% (359k shares)
Palos Management Inc. Investment Advisor
Percentage owned: 0.32% (296k shares)
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