In the journey to outperform the market, investors delve into the art of stock selection. Choosing the right stocks can be a powerful driver for wealth accumulation.
Open Text Corp (NASDAQ: OTEX) closed the day trading at $31.04 up 0.58% from the previous closing price of $30.86. In other words, the price has increased by $0.58 from its previous closing price. On the day, 1.92 million shares were traded. OTEX stock price reached its highest trading level at $31.24 during the session, while it also had its lowest trading level at $30.52.
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 6.82 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 11.41. 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:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. 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 7893999616 and an Enterprise Value of 13337100288. As of this moment, Open’s Price-to-Earnings (P/E) ratio for their current fiscal year is 18.86, and their Forward P/E ratio for the next fiscal year is 6.93. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.77. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.53 while its Price-to-Book (P/B) ratio in mrq is 2.01. Its current Enterprise Value per Revenue stands at 2.581 whereas that against EBITDA is 9.032.
Stock Price History:
The Beta on a monthly basis for OTEX is 1.16, which has changed by -0.030303001 over the last 52 weeks, in comparison to a change of 0.16461086 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 6.69%, while the 200-Day Moving Average is calculated to be 10.04%.
Shares Statistics:
Over the past 3-months, OTEX traded about 1.45M shares per day on average, while over the past 10 days, OTEX traded about 1876620 shares per day. 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 75.57% stake in the company. Shares short for OTEX as of 1753920000 were 9294183 with a Short Ratio of 5.83, 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
OTEX’s forward annual dividend rate is 1.05, up from 1.05 a year ago. Against a Trailing Annual Dividend Yield of 0.034024626The 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.
