Open Text Corp (NASDAQ: OTEX) closed the day trading at $35.91 down -0.66% from the previous closing price of $36.15. In other words, the price has decreased by -$0.24 from its previous closing price. On the day, 694747 shares were traded.
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 9.70 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 13.71. For the most recent quarter (mrq), Quick Ratio is recorded 1.37 and its Current Ratio is at 1.37. In the meantime, Its Debt-to-Equity ratio is 2.20 whereas as Long-Term Debt/Eq ratio is at 2.16.
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 this company, Jefferies on February 27, 2024, initiated with a Buy rating and assigned the stock a target price of $45.
On September 01, 2022, Citigroup started tracking the stock assigning a Neutral rating and target price of $34.Citigroup initiated its Neutral rating on September 01, 2022, with a $34 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 9.69B and an Enterprise Value of 17.53B. As of this moment, Open’s Price-to-Earnings (P/E) ratio for their current fiscal year is 76.62, and their Forward P/E ratio for the next fiscal year is 7.02. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 5.59. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.72 while its Price-to-Book (P/B) ratio in mrq is 2.42. Its current Enterprise Value per Revenue stands at 3.08 whereas that against EBITDA is 11.25.
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 $32.04. The 50-Day Moving Average of the stock is 39.20, while the 200-Day Moving Average is calculated to be 38.92.
Shares Statistics:
Over the past 3-months, OTEX traded about 586.10K shares per day on average, while over the past 10 days, OTEX traded about 498.56k shares per day. A total of 270.90M shares are outstanding, with a floating share count of 266.09M. Insiders hold about 2.19% of the company’s shares, while institutions hold 69.97% stake in the company. Shares short for OTEX as of Mar 15, 2024 were 5.45M with a Short Ratio of 9.30, compared to 4.97M on Feb 15, 2024. Therefore, it implies a Short% of Shares Outstanding of 2.04% and a Short% of Float of 2.09%.
Dividends & Splits
OTEX’s forward annual dividend rate is 0.99, up from 0.99 a year ago. Against a Trailing Annual Dividend Yield of 2.73%, it implies a Forward Annual Dividend Yield of 2.58%. The stock’s 5-year Average Dividend Yield is 2.01. The current Payout Ratio is 175.26% for OTEX, which recently paid a dividend on Mar 20, 2024 with an ex-dividend date of Feb 29, 2024. Stock splits for the company last occurred on Jan 25, 2017 when the company split stock in a 2:1 ratio.
Earnings Estimates
Current recommendations for the stock of the company come from 11 analysts. On average, analysts expect EPS of $0.94 for the current quarter, with a high estimate of $0.96 and a low estimate of $0.9, while EPS last year was $0.73. The consensus estimate for the next quarter is $1.42, with high estimates of $1.5 and low estimates of $1.34.
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 analysts recommending between $5.19 and $4.76.
Revenue Estimates
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 $4.48B, up 32.20% from the average estimate. Based on 6 analysts’ estimates, the company’s revenue will be $6.07B in the next fiscal year. The high estimate is $6.15B and the low estimate is $6.01B. The average revenue growth estimate for next year is up 2.40% from the average revenue estimate for this year.
