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Open Text Corp (NASDAQ: OTEX) closed the day trading at $30.25 down -14.72% from the previous closing price of $35.47. In other words, the price has decreased by -$14.72 from its previous closing price. On the day, 3.7 million shares were traded. OTEX stock price reached its highest trading level at $30.5799 during the session, while it also had its lowest trading level at $28.205.
Ratios:
For a better understanding of OTEX, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 7.31 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 10.85. For the most recent quarter (mrq), Quick Ratio is recorded 1.39 and its Current Ratio is at 1.39. In the meantime, Its Debt-to-Equity ratio is 2.10 whereas as Long-Term Debt/Eq ratio is at 2.07.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, BMO Capital Markets on May 03, 2024, Downgraded its rating to Market Perform and sets its target price to $38 from $50 previously.
On February 27, 2024, Jefferies started tracking the stock assigning a Buy rating and target price of $45.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, OTEX now has a Market Capitalization of 8159151104 and an Enterprise Value of 15681956864. As of this moment, Open’s Price-to-Earnings (P/E) ratio for their current fiscal year is 49.11, and their Forward P/E ratio for the next fiscal year is 8.50. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 5.22. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.40 while its Price-to-Book (P/B) ratio in mrq is 2.00. Its current Enterprise Value per Revenue stands at 2.659 whereas that against EBITDA is 10.101.
Stock Price History:
The Beta on a monthly basis for OTEX is 1.17, which has changed by -0.14385712 over the last 52 weeks, in comparison to a change of 0.22379243 over the same period for the S&P500. Over the past 52 weeks, OTEX has reached a high of $45.47, while it has fallen to a 52-week low of $32.04. The 50-Day Moving Average of the stock is -19.30%, while the 200-Day Moving Average is calculated to be -21.43%.
Shares Statistics:
Over the past 3-months, OTEX traded about 631.86K shares per day on average, while over the past 10 days, OTEX traded about 885410 shares per day. A total of 270.90M shares are outstanding, with a floating share count of 266.90M. Insiders hold about 2.19% of the company’s shares, while institutions hold 69.22% stake in the company. Shares short for OTEX as of 1713139200 were 5119802 with a Short Ratio of 8.10, compared to 1710460800 on 5453585. Therefore, it implies a Short% of Shares Outstanding of 5119802 and a Short% of Float of 1.96.
Dividends & Splits
OTEX’s forward annual dividend rate is 0.99, up from 0.993 a year ago. Against a Trailing Annual Dividend Yield of 0.027995488The stock’s 5-year Average Dividend Yield is 2.04. The current Payout Ratio is 175.26% for OTEX, which recently paid a dividend on 2024-02-29 with an ex-dividend date of 1709164800. Stock splits for the company last occurred on 2017-01-25 when the company split stock in a 2:1 ratio.
Earnings Estimates
Open Text Corp (OTEX) is currently under the scrutiny of 10.0 analysts, each contributing to the ongoing evaluation of its stock.On average, analysts expect EPS of $1.42 for the current quarter, with a high estimate of $1.5 and a low estimate of $1.34, while EPS last year was $0.91. The consensus estimate for the next quarter is $1.12, with high estimates of $1.14 and low estimates of $1.09.
Analysts are recommending an EPS of between $4.69 and $4.55 for the fiscal current year, implying an average EPS of $4.61. EPS for the following year is $5.06, with 6.0 analysts recommending between $5.19 and $4.76.
Revenue Estimates
7 analysts predict $1.53B in revenue for the current quarter. It ranges from a high estimate of $1.54B to a low estimate of $1.52B. As of the current estimate, Open Text Corp’s year-ago sales were $1.49BFor the next quarter, 7 analysts are estimating revenue of $1.44B. There is a high estimate of $1.44B for the next quarter, whereas the lowest estimate is $1.44B.
A total of 11 analysts have provided revenue estimates for OTEX’s current fiscal year. The highest revenue estimate was $5.97B, while the lowest revenue estimate was $5.9B, resulting in an average revenue estimate of $5.93B. In the same quarter a year ago, actual revenue was $4.48BBased on 6 analysts’ estimates, the company’s revenue will be $6.07B in the next fiscal year. The high estimate is $6.14B and the low estimate is $6.01B.
