The pursuit of market outperformance leads investors to the practice of hand-picking stocks. Skillful choices can be a catalyst for significant wealth enhancement.
In the latest session, Open Text Corp (NASDAQ: OTEX) closed at $31.47 down -0.79% from its previous closing price of $31.72. In other words, the price has decreased by -$0.79 from its previous closing price. On the day, 1.36 million shares were traded. OTEX stock price reached its highest trading level at $31.94 during the session, while it also had its lowest trading level at $31.27.
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 6.91 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 11.57. For the most recent quarter (mrq), Quick Ratio is recorded 0.79 and its Current Ratio is at 0.79. In the meantime, Its Debt-to-Equity ratio is 1.69 whereas as Long-Term Debt/Eq ratio is at 1.66.
On December 17, 2024, UBS started tracking the stock assigning a Neutral rating and target price of $32.
RBC Capital Mkts Downgraded its Outperform to Sector Perform on November 01, 2024, whereas the target price for the stock was revised 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 8003355648 and an Enterprise Value of 13492233216. As of this moment, Open’s Price-to-Earnings (P/E) ratio for their current fiscal year is 19.13, and their Forward P/E ratio for the next fiscal year is 7.03. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.81. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.55 while its Price-to-Book (P/B) ratio in mrq is 2.04. Its current Enterprise Value per Revenue stands at 2.611 whereas that against EBITDA is 9.137.
Stock Price History:
The Beta on a monthly basis for OTEX is 1.16, which has changed by -0.020846307 over the last 52 weeks, in comparison to a change of 0.14064062 over the same period for the S&P500. Over the past 52 weeks, OTEX has reached a high of $34.20, while it has fallen to a 52-week low of $22.79. The 50-Day Moving Average of the stock is 7.42%, while the 200-Day Moving Average is calculated to be 11.69%.
Shares Statistics:
For the past three months, OTEX has traded an average of 1.45M shares per day and 2012280 over the past ten days. A total of 254.78M shares are outstanding, with a floating share count of 248.32M. Insiders hold about 2.36% of the company’s shares, while institutions hold 74.59% stake in the company. Shares short for OTEX as of 1753920000 were 9294183 with a Short Ratio of 6.42, compared to 1751241600 on 8831909. Therefore, it implies a Short% of Shares Outstanding of 9294183 and a Short% of Float of 3.73.
Dividends & Splits
According to the company, the forward annual dividend rate for OTEX is 1.05, from 1.05 in the trailing year. Against a Trailing Annual Dividend Yield of 0.033102144The stock’s 5-year Average Dividend Yield is 2.51. The current Payout Ratio is 63.21% for OTEX, which recently paid a dividend on 2025-06-06 with an ex-dividend date of 2025-09-05. Stock splits for the company last occurred on 2017-01-25 when the company split stock in a 2:1 ratio.
Earnings Estimates
The firm’s stock currently is rated by 10.0 analysts. The consensus estimate for the next quarter is $1.11, with high estimates of $1.17 and low estimates of $1.04.
Analysts are recommending an EPS of between $4.44 and $3.87 for the fiscal current year, implying an average EPS of $4.13. EPS for the following year is $4.48, with 10.0 analysts recommending between $4.99 and $4.07.
Revenue Estimates
A total of 8 analysts believe the company’s revenue will be $1.27B this quarter.It ranges from a high estimate of $1.28B to a low estimate of $1.27B. As of the current estimate, Open Text Corp’s year-ago sales were $1.27BFor the next quarter, 8 analysts are estimating revenue of $1.34B. There is a high estimate of $1.35B for the next quarter, whereas the lowest estimate is $1.31B.
A total of 9 analysts have provided revenue estimates for OTEX’s current fiscal year. The highest revenue estimate was $5.26B, while the lowest revenue estimate was $5.19B, resulting in an average revenue estimate of $5.23B. In the same quarter a year ago, actual revenue was $5.17BBased on 9 analysts’ estimates, the company’s revenue will be $5.31B in the next fiscal year. The high estimate is $5.43B and the low estimate is $5.21B.
