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Open Text Corp (NASDAQ: OTEX) closed the day trading at $28.87 up 1.09% from the previous closing price of $28.56. In other words, the price has increased by $1.09 from its previous closing price. On the day, 0.71 million shares were traded. OTEX stock price reached its highest trading level at $28.95 during the session, while it also had its lowest trading level at $28.21.
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 10.69 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 16.00. For the most recent quarter (mrq), Quick Ratio is recorded 0.77 and its Current Ratio is at 0.77. In the meantime, Its Debt-to-Equity ratio is 1.62 whereas as Long-Term Debt/Eq ratio is at 1.59.
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, RBC Capital Mkts on November 01, 2024, Downgraded its rating to Sector Perform and sets its target price to $33 from $45 previously.
BMO Capital Markets Downgraded its Outperform to Market Perform on May 03, 2024, whereas the target price for the stock was revised from $50 to $38.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Nov 05 ’24 when BRIAN SWEENEY bought 6,787 shares for $28.93 per share.
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 7675955712 and an Enterprise Value of 13245083648. As of this moment, Open’s Price-to-Earnings (P/E) ratio for their current fiscal year is 16.72, and their Forward P/E ratio for the next fiscal year is 6.89. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 5.48. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.91 while its Price-to-Book (P/B) ratio in mrq is 1.85. Its current Enterprise Value per Revenue stands at 2.36 whereas that against EBITDA is 8.494.
Stock Price History:
Over the past 52 weeks, OTEX has reached a high of $45.47, while it has fallen to a 52-week low of $27.50. The 50-Day Moving Average of the stock is -9.79%, while the 200-Day Moving Average is calculated to be -12.80%.
Shares Statistics:
Over the past 3-months, OTEX traded about 579.34K shares per day on average, while over the past 10 days, OTEX traded about 802760 shares per day. A total of 267.80M shares are outstanding, with a floating share count of 259.56M. Insiders hold about 2.38% of the company’s shares, while institutions hold 70.24% stake in the company. Shares short for OTEX as of 1730332800 were 4893773 with a Short Ratio of 7.81, compared to 1727654400 on 4705070. Therefore, it implies a Short% of Shares Outstanding of 4893773 and a Short% of Float of 1.8800000000000001.
Dividends & Splits
OTEX’s forward annual dividend rate is 1.01, up from 1.013 a year ago. Against a Trailing Annual Dividend Yield of 0.03546919The stock’s 5-year Average Dividend Yield is 2.21.
