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Live Chart Being Loaded With Signals

Commentary (26 Apr 2024 @ 14:54):

Stats
Today's Volume	214 813
Average Volume	529 685
Market Cap	1.13B
EPS	$0 ( 2024-03-06 )
Last Dividend	$0.0100 ( 2023-09-07 )
Next Dividend	$0 ( N/A )
P/E	-111.00
ATR14	$0.00200 (0.04%)

Volume Correlation

Long: -0.24 (neutral)

Short: -0.99 (very strong negative)

Signal:(48.857) Neutral

Converge Technology Correlation

10 Most Positive Correlations

10 Most Negative Correlations

Did You Know?

Correlation is a statistical measure that describes the relationship between two variables. It ranges from -1 to 1, where -1 indicates a perfect negative correlation (as one variable increases, the other decreases), 1 indicates a perfect positive correlation (as one variable increases, the other increases), and 0 indicates no correlation (there is no relationship between the variables).

Correlation can be used to analyze the relationship between any two variables, not just stocks. It's commonly used in fields such as finance, economics, psychology, and more.

Converge Technology Correlation - Currency/Commodity

-0.26
( neutral )

-0.23
( neutral )

0.00
( neutral )

-0.08
( neutral )

0.00
( neutral )

0.40
( neutral )

Converge Technology Financials

Annual	2023
Revenue:	$2.71B
Gross Profit:	$591.43M (21.86 %)
EPS:	$-0.00700

FY	2023
Revenue:	$2.71B
Gross Profit:	$591.43M (21.86 %)
EPS:	$-0.00700

FY	2022
Revenue:	$2.16B
Gross Profit:	$550.77M (25.44 %)
EPS:	$0.130

FY	2021
Revenue:	$1.53B
Gross Profit:	$345.70M (22.63 %)
EPS:	$0.0900

Financial Reports:

No articles found.

Converge Technology Dividends

(Q1/23)	(Q2/23)	(Q3/23)	(Q4/23)	(Q1/24)	(Q2/24)	(Q3/24)	(Q4/24)
$0 (N/A)	$0.0100 (N/A)	$0.0100 (N/A)	$0 (N/A)	$0 (N/A)	$0 (N/A)	$0 (N/A)	$0 (N/A)

Converge Technology Dividend Information - Dividend Junior

Dividend Sustainability Score: 6.01 - average (67.25%) | Divividend Growth Potential Score: 0.268 - No dividend expected

Very Unsafe

High risk of being cut

Unsafe

Heightened risk of being cut

Borderline

Moderate risk of being cut

Safe

Unlikely to be cut

Very Safe

Very unlikely to be cut

Information

First Dividend	$0.0100	2023-06-08
Last Dividend	$0.0100	2023-09-07
Next Dividend	$0	N/A
Payout Date	2023-09-22
Next Payout Date	N/A
# dividends	2	--
Total Paid Out	$0.0200	--
Avg. Dividend % Per Year	0.14%	--
Score	2.52	--
Div. Sustainability Score	6.01
Div.Growth Potential Score	0.268
Div. Directional Score	3.14	--

Next Divdend (Est)
(2024-07-01)

$0.00667 Estimate 10.00 %

Dividend Stability

0.40 Below Average

Dividend Score

2.52

Pay Frequency

Quarterly

Yearly Payout

Year	Amount	Yield
2023	$0.0200	0.41%
2024	$0	0.00%

Dividend Commentary

With a moderate Dividend Sustainability Score (DSS), the company may sustain its dividends, but continuous monitoring is advised for any financial shifts. Unfortunately, its low Dividend Growth Potential Score (DGPS) suggests limited prospects for dividend growth. In conclusion, a more vigilant stance is recommended given the company's tentative dividend landscape.

Top 10 dividend Companies for TSX

Symbol	Title	Last dividend	Frequency	Years Dividend	Yearly Dividend
XBAL.TO	Dividend Junior	2023-06-26	Quarterly	18	1.08%
PBY-UN.TO	Dividend King	2023-08-30	Monthly	15	2.11%
ENB.TO	Dividend King	2023-08-14	Quarterly	30	4.23%
ZLC.TO	Dividend King	2023-08-29	Monthly	15	2.53%
TD-PFK.TO	Dividend Junior	2023-07-07	Quarterly	2	0.98%
IMO.TO	Dividend King	2023-08-31	Quarterly	30	1.95%
CIC.TO	Dividend Knight	2023-06-23	Quarterly	13	3.79%
XFN.TO	Dividend Knight	2023-08-25	Monthly	24	1.94%
PRA.TO	Dividend Junior	2023-06-27	Quarterly	12	1.15%
FCUQ.TO	Dividend Junior	2023-06-27	Quarterly	6	0.55%

Dividend Sustainability Score (DSS)

Ratio	Actual Value	Weight	Normalized Value	Score	Range
netProfitMarginTTM	-0.00105	1.500	-0.0211	-0.0316	[0 - 0.5]
returnOnAssetsTTM	-0.00132	1.200	-0.0441	-0.0529	[0 - 0.3]
returnOnEquityTTM	-0.00483	1.500	-1.165	-1.747	[0.1 - 1]
payoutRatioTTM	-2.16	-1.000	-10.00	10.00	[0 - 1]
currentRatioTTM	1.044	0.800	9.78	7.82	[1 - 3]
quickRatioTTM	0.948	0.800	9.13	7.30	[0.8 - 2.5]
cashRatioTTM	0.164	1.500	-0.199	-0.299	[0.2 - 2]
debtRatioTTM	0.184	-1.500	6.93	-10.00	[0 - 0.6]
interestCoverageTTM	1.036	1.000	-0.727	-0.727	[3 - 30]
operatingCashFlowPerShareTTM	1.087	2.00	9.64	10.00	[0 - 30]
freeCashFlowPerShareTTM	1.033	2.00	9.48	10.00	[0 - 20]
debtEquityRatioTTM	0.677	-1.500	7.29	-10.00	[0 - 2.5]
grossProfitMarginTTM	0.249	1.000	9.18	9.18	[0.2 - 0.8]
operatingProfitMarginTTM	0.0158	1.000	-1.684	-1.684	[0.1 - 0.6]
cashFlowToDebtRatioTTM	0.559	1.000	8.01	8.01	[0.2 - 2]
assetTurnoverTTM	1.256	0.800	4.96	3.97	[0.5 - 2]
Total Score				6.01

Dividend Growth Score (DGS)

Ratio	Actual Value	Weight	Normalized Value	Score	Range
peRatioTTM	-396.44	1.000	-10.00	0	[1 - 100]
returnOnEquityTTM	-0.00483	2.50	-0.749	-1.747	[0.1 - 1.5]
freeCashFlowPerShareTTM	1.033	2.00	9.66	10.00	[0 - 30]
dividendYielPercentageTTM	0.542	1.500	10.00	0	[0 - 0.4]
operatingCashFlowPerShareTTM	1.087	2.00	9.64	10.00	[0 - 30]
payoutRatioTTM	-2.16	1.500	-10.00	10.00	[0 - 1]
pegRatioTTM	0	1.500	-3.33	0	[0.5 - 2]
operatingCashFlowSalesRatioTTM	0.0819	1.000	-0.452	0	[0.1 - 0.5]
Total Score				0.268

Converge Technology

Converge Technology Solutions Corp., through its subsidiaries, distributes storage devices and systems, computer products, software, and peripherals. The company also provides installation and maintenance; analytics, hybrid cloud, infrastructure, and cybersecurity services; cloud delivery, compute efficiency, network optimization, and IT spend optimization solutions; and IT professional services, such as data center infrastructure integration and solutioning, and cloud optimization. In addition, it offers business continuity, managed, cognitive, and cybersecurity solutions; IT portfolio management, and consulting services; and multi-site IT deployments, and ISV/OEM solutions. Further, the company provides hardware for education and public sectors. It serves corporate and government institutions. The company has operations in the United States and Canada. Converge Technology Solutions Corp. was incorporated in 2016 and is headquartered in Toronto, Canada.