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As of close of business last night, Open Text Corp’s stock clocked out at $31.78, up 2.15% from its previous closing price of $31.11. In other words, the price has increased by $2.15 from its previous closing price. On the day, 0.68 million shares were traded. OTEX stock price reached its highest trading level at $31.89 during the session, while it also had its lowest trading level at $31.34.
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 6.64 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 10.70. 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 8532231680 and an Enterprise Value of 13655460864. As of this moment, Open’s Price-to-Earnings (P/E) ratio for their current fiscal year is 18.59, and their Forward P/E ratio for the next fiscal year is 7.32. 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 2.367 whereas that against EBITDA is 8.679.
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 5.78%, while the 200-Day Moving Average is calculated to be -11.35%.
Shares Statistics:
It appears that OTEX traded 667.50K shares on average per day over the past three months and 781090 shares per day over the past ten days. A total of 267.80M shares are outstanding, with a floating share count of 262.58M. Insiders hold about 2.09% of the company’s shares, while institutions hold 68.26% stake in the company. Shares short for OTEX as of 1722384000 were 3812652 with a Short Ratio of 6.74, compared to 1719532800 on 4160084. Therefore, it implies a Short% of Shares Outstanding of 3812652 and a Short% of Float of 1.45000005.
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 0.032144006The stock’s 5-year Average Dividend Yield is 2.13.
