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As of close of business last night, Open Text Corp’s stock clocked out at $31.89, down -0.37% from its previous closing price of $32.01. In other words, the price has decreased by -$0.37 from its previous closing price. On the day, 1.09 million shares were traded. OTEX stock price reached its highest trading level at $32.435 during the session, while it also had its lowest trading level at $31.841.
Ratios:
To gain a deeper understanding of OTEX’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 6.67 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 10.73. For the most recent quarter (mrq), Quick Ratio is recorded 0.80 and its Current Ratio is at 0.80. In the meantime, Its Debt-to-Equity ratio is 1.59 whereas as Long-Term Debt/Eq ratio is at 1.57.
On May 03, 2024, BMO Capital Markets Downgraded its rating to Market Perform which previously was Outperform and also lowered its target price recommendation from $50 to $38.
On February 27, 2024, Jefferies started tracking the stock assigning a Buy rating and target price of $45.Jefferies initiated its Buy rating on February 27, 2024, with a $45 target price.
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 8554428416 and an Enterprise Value of 13862203392. As of this moment, Open’s Price-to-Earnings (P/E) ratio for their current fiscal year is 18.65, and their Forward P/E ratio for the next fiscal year is 7.34. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.98. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.48 while its Price-to-Book (P/B) ratio in mrq is 2.03. Its current Enterprise Value per Revenue stands at 2.403 whereas that against EBITDA is 8.81.
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 3.53%, while the 200-Day Moving Average is calculated to be -10.73%.
Shares Statistics:
It appears that OTEX traded 684.91K shares on average per day over the past three months and 667580 shares per day over the past ten days. A total of 267.80M shares are outstanding, with a floating share count of 262.61M. Insiders hold about 2.08% of the company’s shares, while institutions hold 68.73% stake in the company. Shares short for OTEX as of 1723680000 were 4740344 with a Short Ratio of 5.57, compared to 1721001600 on 4501375. Therefore, it implies a Short% of Shares Outstanding of 4740344 and a Short% of Float of 1.8099998999999998.
Dividends & Splits
With its trailing 12-month dividend rate of 1.0, OTEX has a forward annual dividend rate of 1.00. Against a Trailing Annual Dividend Yield of 0.03124024The stock’s 5-year Average Dividend Yield is 2.13.
Earnings Estimates
The stock of Open Text Corp (OTEX) is currently in the spotlight, with 9.0 analysts actively rating and assessing its market standing.The consensus estimate for the next quarter is $0.99, with high estimates of $1.07 and low estimates of $0.92.
Analysts are recommending an EPS of between $3.72 and $3.34 for the fiscal current year, implying an average EPS of $3.6. EPS for the following year is $4.21, with 11.0 analysts recommending between $4.67 and $3.89.
Revenue Estimates
For the next quarter, 8 analysts are estimating revenue of $1.37B. There is a high estimate of $1.39B for the next quarter, whereas the lowest estimate is $1.34B.
A total of 11 analysts have provided revenue estimates for OTEX’s current fiscal year. The highest revenue estimate was $5.38B, while the lowest revenue estimate was $5.3B, resulting in an average revenue estimate of $5.34B. In the same quarter a year ago, actual revenue was $5.77BBased on 11 analysts’ estimates, the company’s revenue will be $5.48B in the next fiscal year. The high estimate is $5.54B and the low estimate is $5.39B.
