Converge Technology Solutions Stock Performance
| CTS Stock | CAD 3.37 0.05 1.46% |
The firm shows a Beta (market volatility) of 0.81, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Converge Technology's returns are expected to increase less than the market. However, during the bear market, the loss of holding Converge Technology is expected to be smaller as well. At this point, Converge Technology has a negative expected return of -0.41%. Please make sure to confirm Converge Technology's maximum drawdown, as well as the relationship between the accumulation distribution and day typical price , to decide if Converge Technology performance from the past will be repeated at some point in the near future.
Risk-Adjusted Performance
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Over the last 90 days Converge Technology Solutions has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of unfluctuating performance in the last few months, the Stock's basic indicators remain very healthy which may send shares a bit higher in December 2024. The recent disarray may also be a sign of long period up-swing for the firm investors. ...more
Forward Dividend Yield 0.017 | Payout Ratio 0.082 | Last Split Factor 1:3 | Forward Dividend Rate 0.06 | Dividend Date 2024-12-27 |
1 | Converge Technology Solutions Collaborates with Red Hat to Accelerate Customer Success with Professional Services - Marketscreener.com | 09/24/2024 |
2 | The Silver Lining In Converge Technologys Selloff And Strategy For Stability - Seeking Alpha | 10/29/2024 |
3 | Converge Technology Solutions Announces Partnership with Tony Stewart Racing Company - Barchart | 11/20/2024 |
| Begin Period Cash Flow | 165.1 M |
Converge |
Converge Technology Relative Risk vs. Return Landscape
If you would invest 461.00 in Converge Technology Solutions on August 28, 2024 and sell it today you would lose (124.00) from holding Converge Technology Solutions or give up 26.9% of portfolio value over 90 days. Converge Technology Solutions is producing return of less than zero assuming 4.0943% volatility of returns over the 90 days investment horizon. Simply put, 36% of all stocks have less volatile historical return distribution than Converge Technology, and 99% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
| Risk |
Converge Technology Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Converge Technology's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Converge Technology Solutions, and traders can use it to determine the average amount a Converge Technology's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = -0.101
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Estimated Market Risk
| 4.09 actual daily | 36 64% of assets are more volatile |
Expected Return
| -0.41 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.1 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Converge Technology is not performing at its full potential. However, 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 Converge Technology to a well-diversified portfolio.
Converge Technology Fundamentals Growth
Converge Stock prices reflect investors' perceptions of the future prospects and financial health of Converge Technology, and Converge Technology fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Converge Stock performance.
| Return On Equity | -0.33 | ||||
| Return On Asset | 0.0162 | ||||
| Profit Margin | (0.06) % | ||||
| Operating Margin | 0.03 % | ||||
| Current Valuation | 788.17 M | ||||
| Shares Outstanding | 193.07 M | ||||
| Price To Earning | 69.80 X | ||||
| Price To Book | 1.84 X | ||||
| Price To Sales | 0.25 X | ||||
| Revenue | 2.71 B | ||||
| Gross Profit | 550.77 M | ||||
| EBITDA | 166.6 M | ||||
| Net Income | (1.45 M) | ||||
| Cash And Equivalents | 184.18 M | ||||
| Cash Per Share | 0.86 X | ||||
| Total Debt | 433.29 M | ||||
| Debt To Equity | 0.33 % | ||||
| Current Ratio | 0.99 X | ||||
| Book Value Per Share | 2.87 X | ||||
| Cash Flow From Operations | 195.82 M | ||||
| Earnings Per Share | (0.82) X | ||||
| Market Capitalization | 660.29 M | ||||
| Total Asset | 2.15 B | ||||
| Retained Earnings | (28.17 M) | ||||
| Working Capital | 45.98 M | ||||
About Converge Technology Performance
By examining Converge Technology's fundamental ratios, stakeholders can obtain critical insights into Converge Technology's financial health, operational efficiency, and overall profitability. These insights assist in making well-informed investment and management decisions. For example, a high Return on Assets and Return on Equity would indicate that Converge Technology is effectively utilizing its assets and equity to generate significant profits, enhancing its appeal to investors. On the other hand, low ROA and ROE values could reveal issues in asset and equity management, highlighting the need for operational improvements.
| Last Reported | Projected for Next Year | ||
| Days Of Inventory On Hand | 12.63 | 12.00 | |
| Return On Capital Employed | 0.10 | 0.10 |
Things to note about Converge Technology performance evaluation
Checking the ongoing alerts about Converge Technology for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for Converge Technology help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| Converge Technology generated a negative expected return over the last 90 days | |
| Converge Technology has high historical volatility and very poor performance | |
| Converge Technology has high likelihood to experience some financial distress in the next 2 years | |
| Converge Technology Solutions has accumulated 433.29 M in total debt with debt to equity ratio (D/E) of 0.33, which is about average as compared to similar companies. Converge Technology has a current ratio of 0.97, indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due. Debt can assist Converge Technology until it has trouble settling it off, either with new capital or with free cash flow. So, Converge Technology's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Converge Technology sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Converge to invest in growth at high rates of return. When we think about Converge Technology's use of debt, we should always consider it together with cash and equity. | |
| The entity reported the revenue of 2.71 B. Net Loss for the year was (1.45 M) with profit before overhead, payroll, taxes, and interest of 550.77 M. | |
| Latest headline from news.google.com: Converge Technology Solutions Announces Partnership with Tony Stewart Racing Company - Barchart |
- Analyzing Converge Technology's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Converge Technology's stock is overvalued or undervalued compared to its peers.
- Examining Converge Technology's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating Converge Technology's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Converge Technology's management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of Converge Technology's stock. These opinions can provide insight into Converge Technology's potential for growth and whether the stock is currently undervalued or overvalued.
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.