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Converge Technology Solutions Corp(CTS-T)
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Converge Tech Solns: Top 10 Undervalued Technology Sector Stocks on TSX (CTS)

AI-generated - The Globe and Mail - Wed Oct 18, 2023

Converge Tech Solns is now ranked among the top 10 undervalued stocks in the Technology sector on the Toronto Stock Exchange.

  • A stock is considered undervalued if it trades at a discount to its valuation – a calculation used to determine the intrinsic (true) worth of a company
  • Valuation methodology provided by Stockcalc (see below)

Stocks in this category are held primarily for capital appreciation.

SymbolNameClose Price ($)Valuation ($)DifferenceAverage Vol (30D)Market Cap ($M)Yield (%)P/E Ratio
LSPKLifeSpeak0.380.740.36 (95.6%)179019.30.00.0
ADCOAdcore0.210.420.20 (94.8%)1080513.00.00.0
VQSVIQ Solns0.240.450.21 (85.1%)1846998.50.00.0
CTSConverge Tech Solns2.544.692.15 (84.8%)356835529.20.850.8
TCTucows27.9750.0122.04 (78.8%)12540303.10.00.0
MOGOMogo2.023.021.00 (49.7%)1952250.50.00.0
DNDDye & Durham11.6317.205.57 (47.9%)165087720.20.60.0
THNCThinkific Labs2.283.240.96 (42.3%)49925183.90.00.0
ENGHEnghouse Systems32.2539.637.38 (22.9%)524101782.52.521.4
FDGEFarmers Edge0.140.170.03 (20.7%)102566.10.00.0

All data provided as-at market close October 17, 2023.
The list is sorted by stocks with the greatest percentage difference between valuation and price.

Converge Tech Solns

Converge Technology Solutions Corp is a Canadian company building a platform of regionally focused Hybrid IT infrastructure providers that deliver best-of-breed solutions and services in the United States. The solutions provided include multi-cloud solutions, the blockchain, resiliency, and managed services, enabling the company to address the business and IT issues that public and private-sector organizations face.

Converge Tech Solns is listed under CTS on the Toronto Stock Exchange.

Stockcalc

StockCalc is a Canadian fintech company specializing in fundamental valuations for North American stocks and ETFs.

Stockcalc valuations (https://www.stockcalc.com/Resources) can help determine if a stock is undervalued. Stockcalc’s Weighted Average Valuation (WAV) is based on a proprietary calculation using model and analyst inputs, including:

  • Discounted Cash Flow (DCF)
  • Price & Other Comparables
  • Multiples
  • Adjusted Book Value (ABV)
  • Analyst Consensus

Artificial Intelligence at Report on Business

Report on Business scans market data using algorithms to process large quantities of information. The results are specialized reports produced through automation. Ongoing ROB project experiments that leverage artificial intelligence include valuation screens across 14 categories and end-of-day Closing Summary reports for all North American securities.

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