Converge OTC Stock Analysis

CTSDF Stock  USD 2.96  0.02  0.67%   
Converge Technology price drop over the last few months could raise concerns from stockholders as the firm is trading at a share price of 2.96 on very low momentum in volume. The company directors and management were not very successful in positioning the firm resources to exploit market volatility in March. However, diversifying your holdings with Converge Technology Solutions or similar stocks can still protect your portfolio during high-volatility market scenarios. The stock standard deviation of daily returns for 90 days investing horizon is currently 3.37. The above-average risk is mostly attributed to market volatility and speculations regarding some of the upcoming earning calls from Converge Technology partners.
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The main objective of Converge Technology otc analysis is to determine its intrinsic value, which is an estimate of what Converge Technology Solutions is worth, separate from its market price. There are two main types of Converge Technology's stock analysis: fundamental analysis and technical analysis. Fundamental analysis focuses on the financial and economic factors that affect Converge Technology's performance, such as revenue growth, earnings, and financial stability. Technical analysis, on the other hand, focuses on the price and volume data of Converge Technology's stock to identify patterns and trends that may indicate its future price movements.
The Converge Technology otc stock is traded in the USA on OTCQX Exchange, with the market opening at 09:30:00 and closing at 16:00:00 every Mon,Tue,Wed,Thu,Fri except for officially observed holidays in the USA. Converge Technology is usually not traded on Thanksgiving Day, Christmas Day, Christmas Day ( substitute day ), New Year 's Monday, Dr . Martin Luther King Jr 's Birthday, Washington 's Birthday, Good Friday, Memorial Day, Juneteenth Holiday, Independence Day, Labour Day. Converge OTC Stock trading window is adjusted to America/New York timezone. Here, you can get updates on important government artifacts, including earning estimates, SEC corporate filings, announcements, and Converge Technology's ongoing operational relationships across important fundamental and technical indicators.

Converge OTC Stock Analysis Notes

About 32.0% of the company shares are held by institutions such as insurance companies. The company has price-to-book (P/B) ratio of 1.68. Some equities with similar Price to Book (P/B) outperform the market in the long run. Converge Technology had not issued any dividends in recent years. 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. Converge Technology is traded on OTC Exchange in the United States.The quote for Converge Technology Solutions is listed on Over The Counter exchange (i.e., OTC), and the entity is not required to meet listing requirements such as those found on the Nasdaq, NYSE, or AMEX exchanges. For more info on Converge Technology Solutions please contact Greg Berard at 416 360 1495 or go to

Converge Technology Investment Alerts

Many investors view ongoing market volatility as an opportunity to purchase more otcs at a favorable price or short it to generate a bearish trend profit opportunity. If you are one of those investors, make sure you clearly understand the position you are entering. Converge Technology's investment alerts are automatically generated signals that are significant enough to either complement your investing judgment regarding Converge Technology Solutions or challenge it. These alerts can help you understand what you are buying and avoid costly mistakes.
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
The company has accumulated 412 K 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.

Converge Market Capitalization

The company currently falls under 'Small-Cap' category with a current market capitalization of 850.01 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 Profitablity

Converge Technology's profitability indicators refer to fundamental financial ratios that showcase Converge Technology's ability to generate income relative to its revenue or operating costs. If, let's say, Converge Technology is currently losing money, the management's focus should be on how to reverse that trend. However, when revenue exceeds expenses, Converge Technology's executives or investors may be in less hurry to break that information down - which is where profitability analysis comes into play. Gaining a greater understanding of Converge Technology's profitability requires more research than a typical breakdown of Converge Technology's financial statements. By doing a profitability analysis, companies can identify areas needing attention, and investors can make a profitable trade.
The company has Profit Margin (PM) of 0.02 %, which maeans that even a very small decline in it revenue will erase profits resulting in a net loss. This is way below average. Similarly, it shows Operating Margin (OM) of 0.03 %, which suggests for every 100 dollars of sales, it generated a net operating income of $0.03.

Technical Drivers

As of the 30th of March, Converge Technology shows the risk adjusted performance of (0.039385), and Mean Deviation of 2.59. Converge Technology technical analysis gives you the methodology to make use of historical prices and volume patterns to determine a pattern that approximates the direction of the firm's future prices. Put another way, you can use this information to find out if the firm will indeed mirror its model of historical prices and volume momentum, or the prices will eventually revert. We were able to break down nineteen technical drivers for Converge Technology Solutions, which can be compared to its rivals. Please confirm Converge Technology maximum drawdown, and the relationship between the information ratio and downside variance to decide if Converge Technology is priced correctly, providing market reflects its regular price of 2.96 per share. Please also double-check Converge Technology Solutions total risk alpha, which is currently at (0.17) to validate the company can sustain itself at a future point.

Converge Technology Price Movement Analysis

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Converge Technology Technical and Predictive Indicators

Converge Technology Forecast Models

Converge Technology time-series forecasting models is one of many Converge Technology's otc stock analysis techniquest aimed to predict future share value based on previously observed values. Time-series forecasting models ae widely used for non-stationary data. Non-stationary data are called the data whose statistical properties e.g. the mean and standard deviation are not constant over time but instead, these metrics vary over time. These non-stationary Converge Technology's historical data is usually called time-series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the market movement and maximize returns from investment trading.

About Converge OTC Stock Analysis

OTC Stock analysis is the technique used by a trader or investor to examine and evaluate how Converge Technology prices is reacting to, or reflecting on a current market direction and economic conditions. It can be used to make informed decisions about market timing, and when buying or selling Converge shares will generate the highest return on investment. We also built our otc analysis module to help investors to gain an insight into the world economy as a whole, the stock market, thematic ideas, a specific sector, or an individual OTC such as Converge Technology. By using and applying Converge OTC Stock analysis, traders can create a robust methodology for identifying Converge entry and exit points for their positions.
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. Converge Technology is traded on OTC Exchange in the United States.

Be your own money manager

As an investor, your ultimate goal is to build wealth. Optimizing your investment portfolio is an essential element in this goal. Using our otc stock analysis tools, you can find out how much better you can do when adding Converge Technology to your portfolios without increasing risk or reducing expected return.

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When running Converge Technology price analysis, check to measure Converge Technology's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Converge Technology is operating at the current time. Most of Converge Technology's value examination focuses on studying past and present price action to predict the probability of Converge Technology's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Converge Technology's price. Additionally, you may evaluate how the addition of Converge Technology to your portfolios can decrease your overall portfolio volatility.
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Please note, there is a significant difference between Converge Technology's value and its price as these two are different measures arrived at by different means. Investors typically determine Converge Technology value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Converge Technology's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.