The pursuit of outperformance leads many investors to carefully choose individual stocks. Picking the right ones can be a game-changer for growing your wealth.
In the latest session, Open Text Corp (NASDAQ: OTEX) closed at $25.85 down -4.61% from its previous closing price of $27.10. In other words, the price has decreased by -$4.61 from its previous closing price. On the day, 3.76 million shares were traded. OTEX stock price reached its highest trading level at $28.15 during the session, while it also had its lowest trading level at $25.78.
Ratios:
For a deeper understanding of Open Text Corp’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 6.08 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 10.16. For the most recent quarter (mrq), Quick Ratio is recorded 0.85 and its Current Ratio is at 0.85. In the meantime, Its Debt-to-Equity ratio is 1.58 whereas as Long-Term Debt/Eq ratio is at 1.55.
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, UBS on December 17, 2024, initiated with a Neutral rating and assigned the stock a target price of $32.
On November 01, 2024, RBC Capital Mkts Downgraded its rating to Sector Perform which previously was Outperform and also lowered its target price recommendation from $45 to $33.
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. 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 6824399872 and an Enterprise Value of 12074723328. As of this moment, Open’s Price-to-Earnings (P/E) ratio for their current fiscal year is 10.53, and their Forward P/E ratio for the next fiscal year is 6.19. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 3.06. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.26 while its Price-to-Book (P/B) ratio in mrq is 1.61. Its current Enterprise Value per Revenue stands at 2.313 whereas that against EBITDA is 8.506.
Stock Price History:
The Beta on a monthly basis for OTEX is 1.16, which has changed by -0.14545453 over the last 52 weeks, in comparison to a change of 0.092895746 over the same period for the S&P500. Over the past 52 weeks, OTEX has reached a high of $35.97, while it has fallen to a 52-week low of $22.79. The 50-Day Moving Average of the stock is -0.11%, while the 200-Day Moving Average is calculated to be -12.12%.
Shares Statistics:
For the past three months, OTEX has traded an average of 1.29M shares per day and 1222020 over the past ten days. A total of 263.73M shares are outstanding, with a floating share count of 257.75M. Insiders hold about 2.37% of the company’s shares, while institutions hold 70.54% stake in the company. Shares short for OTEX as of 1744675200 were 7014919 with a Short Ratio of 5.45, compared to 1741910400 on 7313682. Therefore, it implies a Short% of Shares Outstanding of 7014919 and a Short% of Float of 2.7199999999999998.
Dividends & Splits
According to the company, the forward annual dividend rate for OTEX is 1.04, from 1.0 in the trailing year. Against a Trailing Annual Dividend Yield of 0.036900368The stock’s 5-year Average Dividend Yield is 2.42. The current Payout Ratio is 58.70% for OTEX, which recently paid a dividend on 2025-03-07 with an ex-dividend date of 1741305600. Stock splits for the company last occurred on 2017-01-25 when the company split stock in a 2:1 ratio.
Earnings Estimates
Currently, 9.0 analysts are dedicated to thoroughly evaluating and rating the performance of Open Text Corp (OTEX) in the stock market.The consensus estimate for the next quarter is $0.93, with high estimates of $1.01 and low estimates of $0.87.
Analysts are recommending an EPS of between $3.73 and $3.68 for the fiscal current year, implying an average EPS of $3.7. EPS for the following year is $4.09, with 11.0 analysts recommending between $4.25 and $3.81.
Revenue Estimates
A total of 4 analysts believe the company’s revenue will be $1.28B this quarter.It ranges from a high estimate of $1.29B to a low estimate of $1.26B. As of the current estimate, Open Text Corp’s year-ago sales were $1.36BFor the next quarter, 4 analysts are estimating revenue of $1.27B. There is a high estimate of $1.31B for the next quarter, whereas the lowest estimate is $1.25B.
A total of 5 analysts have provided revenue estimates for OTEX’s current fiscal year. The highest revenue estimate was $5.15B, while the lowest revenue estimate was $5.12B, resulting in an average revenue estimate of $5.14B. In the same quarter a year ago, actual revenue was $5.77BBased on 11 analysts’ estimates, the company’s revenue will be $5.26B in the next fiscal year. The high estimate is $5.35B and the low estimate is $5.14B.
