Converge Technology Solutions Stock Price on June 5, 2024
| CTS Stock | CAD 5.45 0.02 0.37% |
Below is the normalized historical share price chart for Converge Technology Solutions extending back to November 13, 2018. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Converge Technology stands at 5.45, as last reported on the 25th of February, with the highest price reaching 5.45 and the lowest price hitting 5.43 during the day.
If you're considering investing in Converge Stock, it is important to understand the factors that can impact its price. Converge Technology is very risky given 3 months investment horizon. Converge Technology secures Sharpe Ratio (or Efficiency) of 0.15, which signifies that the company had a 0.15 % return per unit of risk over the last 3 months. We are able to interpolate and collect twenty-eight different technical indicators, which can help you to evaluate if expected returns of 1.08% are justified by taking the suggested risk. Use Converge Technology Risk Adjusted Performance of 0.1079, mean deviation of 2.75, and Downside Deviation of 2.47 to evaluate company specific risk that cannot be diversified away.
At this time, Converge Technology's Total Stockholder Equity is very stable compared to the past year. As of the 25th of February 2025, Liabilities And Stockholders Equity is likely to grow to about 2.6 B, while Common Stock Shares Outstanding is likely to drop about 134.6 M. . At this time, Converge Technology's Price To Sales Ratio is very stable compared to the past year. As of the 25th of February 2025, Price Book Value Ratio is likely to grow to 1.38, though Price Earnings Ratio is likely to grow to (645.55). Converge Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
200 Day MA 4.163 | 50 Day MA 3.8532 | Beta 1.777 |
Converge |
Sharpe Ratio = 0.148
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Estimated Market Risk
| 7.28 actual daily | 64 64% of assets are less volatile |
Expected Return
| 1.08 actual daily | 21 79% of assets have higher returns |
Risk-Adjusted Return
| 0.15 actual daily | 11 89% of assets perform better |
Based on monthly moving average Converge Technology is performing at about 11% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Converge Technology by adding it to a well-diversified portfolio.
Price Book 2.9271 | Enterprise Value Ebitda 6.8236 | Price Sales 0.4106 | Shares Float 190.3 M | Dividend Share 0.05 |
Converge Technology Valuation on June 5, 2024
It is possible to determine the worth of Converge Technology on a given historical date. On June 5, 2024 Converge was worth 4.66 at the beginning of the trading date compared to the closed value of 4.82. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Converge Technology stock. Still, in general, we apply an absolute valuation method to find Converge Technology's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Converge Technology where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Converge Technology's related companies.
| Open | High | Low | Close | Volume | |
| 4.53 | 4.64 | 4.47 | 4.64 | 640,300 | |
06/05/2024 | 4.66 | 4.88 | 4.54 | 4.82 | 649,900 |
| 4.82 | 4.86 | 4.70 | 4.75 | 314,100 |
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Converge Technology Trading Date Momentum on June 5, 2024
| On June 06 2024 Converge Technology Solutions was traded for 4.75 at the closing time. The maximum traded price for the trading interval was 4.86 and the lowest daily price was 4.70 . The daily volume was recorded at 314.1 K. The volume of trading on 6th of June 2024 played a part in the next trading day price drop. The overall trading delta to the next closing price was 1.45% . The overall trading delta to the closing price today is 1.66% . |
Converge Technology Fundamentals Correlations and Trends
By evaluating Converge Technology's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Converge Technology's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Converge financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Converge Technology Stock history
Converge Technology investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Converge is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Converge Technology will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Converge Technology stock prices may prove useful in developing a viable investing in Converge Technology
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 237.7 M | 134.6 M | |
| Net Income Applicable To Common Shares | 31.4 M | 32.9 M |
Converge Technology Stock Technical Analysis
Converge Technology technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
Converge Technology Period Price Range
Low | February 25, 2025
| High |
0.00 | 0.00 |
Converge Technology Solutions cannot be verified against its exchange. Please verify the symbol is currently traded on Toronto Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Converge Technology February 25, 2025 Market Strength
Market strength indicators help investors to evaluate how Converge Technology stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Converge Technology shares will generate the highest return on investment. By undertsting and applying Converge Technology stock market strength indicators, traders can identify Converge Technology Solutions entry and exit signals to maximize returns
Converge Technology Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Converge Technology's price direction in advance. Along with the technical and fundamental analysis of Converge Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Converge to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.1079 | |||
| Jensen Alpha | 0.9226 | |||
| Total Risk Alpha | 0.9757 | |||
| Sortino Ratio | 0.3779 | |||
| Treynor Ratio | (0.62) |
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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.