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Open Text Corp (NASDAQ: OTEX) closed the day trading at $31.71 up 2.16% from the previous closing price of $31.04. In other words, the price has increased by $2.16 from its previous closing price. On the day, 1.19 million shares were traded. OTEX stock price reached its highest trading level at $31.75 during the session, while it also had its lowest trading level at $31.07.
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 7.66 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 11.37. For the most recent quarter (mrq), Quick Ratio is recorded 1.39 and its Current Ratio is at 1.39. In the meantime, Its Debt-to-Equity ratio is 2.10 whereas as Long-Term Debt/Eq ratio is at 2.07.
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 the company, BMO Capital Markets on May 03, 2024, Downgraded its rating to Market Perform and sets its target price to $38 from $50 previously.
On February 27, 2024, Jefferies started tracking the stock assigning a Buy rating and target price of $45.
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 8545591296 and an Enterprise Value of 16075415552. As of this moment, Open’s Price-to-Earnings (P/E) ratio for their current fiscal year is 51.48, and their Forward P/E ratio for the next fiscal year is 9.08. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 5.48. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.47 while its Price-to-Book (P/B) ratio in mrq is 2.09. Its current Enterprise Value per Revenue stands at 2.725 whereas that against EBITDA is 10.354.
Stock Price History:
The Beta on a monthly basis for OTEX is 1.13, which has changed by -0.2469722 over the last 52 weeks, in comparison to a change of 0.24125004 over the same period for the S&P500. Over the past 52 weeks, OTEX has reached a high of $45.47, while it has fallen to a 52-week low of $27.54. The 50-Day Moving Average of the stock is 5.68%, while the 200-Day Moving Average is calculated to be -12.58%.
Shares Statistics:
Over the past 3-months, OTEX traded about 797.10K shares per day on average, while over the past 10 days, OTEX traded about 707560 shares per day. A total of 270.90M shares are outstanding, with a floating share count of 267.16M. Insiders hold about 2.09% of the company’s shares, while institutions hold 70.20% stake in the company. Shares short for OTEX as of 1719532800 were 4160084 with a Short Ratio of 5.22, compared to 1717113600 on 4956700. Therefore, it implies a Short% of Shares Outstanding of 4160084 and a Short% of Float of 1.5800001000000001.
Dividends & Splits
OTEX’s forward annual dividend rate is 1.00, up from 0.993 a year ago. Against a Trailing Annual Dividend Yield of 0.03199098The stock’s 5-year Average Dividend Yield is 2.1. The current Payout Ratio is 175.26% for OTEX, which recently paid a dividend on 2024-05-31 with an ex-dividend date of 1717113600. Stock splits for the company last occurred on 2017-01-25 when the company split stock in a 2:1 ratio.
