A share price of Open Text Corp [OTEX] is currently trading at $39.15, up 2.17%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The OTEX shares have gain 4.18% over the last week, with a monthly amount drifted -4.00%, and not seem to be holding up well over a long-time horizon.
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On 27, February 2024, Media Alert: OpenText Showcases Data-Driven Insights and AI-Powered Solutions for IT Service Management and Healthcare at Pink24 and HIMSS. In a post published today on Yahoo Finance, Today, OpenText™ (NASDAQ: OTEX), (TSX: OTEX), the information company, announced its participation at two leading information and technology industry events, Pink24 and the Healthcare Information Management System Society (HIMSS) conference, to highlight how OpenText Aviator is reshaping the future of AI in IT Service Management and healthcare technology.
From an analyst’s perspective:
Open Text Corp [NASDAQ: OTEX] stock has seen the most recent analyst activity on February 27, 2024, when Jefferies initiated its Buy rating and assigned the stock a price target of $45. On September 01, 2022, Citigroup initiated with a Neutral rating and assigned a price target of $34 on the stock. CIBC downgraded its rating to a Neutral. Barclays downgraded its rating to a Equal Weight but $56 remained the price target by the analyst firm on June 30, 2021. The Benchmark Company reiterated a Buy rating for this stock on July 11, 2019, and upped its price target to $48. In a note dated November 22, 2017, Macquarie downgraded an Underperform rating on this stock.
Open Text Corp experienced fluctuations in its stock price throughout the past year between $32.04 and $45.47. Open Text Corp [NASDAQ: OTEX] shares were valued at $39.15 at the most recent close of the market.
Analyzing the OTEX fundamentals
Trailing Twelve Months sales for Open Text Corp [NASDAQ:OTEX] were 5.70B which represents 71.03% growth. Gross Profit Margin for this corporation currently stands at 0.72% with Operating Profit Margin at 0.14%, Pretax Profit Margin comes in at 0.02%, and Net Profit Margin reading is 0.02%. To continue investigating profitability, this company’s Return on Assets is posted at 0.01, Equity is 0.03 and Total Capital is 0.06. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of2.2.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 38.55 points at the first support level, and at 37.95 for the second support level. However, for the 1st resistance point, the stock is sitting at 39.50, and for the 2nd resistance point, it is at 39.85.
Open Text Corp [OTEX] reported earnings per share of $1.24 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $1.19/share, meaning a difference of $0.05 and a surprise factor of 4.20%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $1.01 per share as compared to estimates of $0.9 per share, a difference of $0.11 representing a surprise of 12.20%.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Open Text Corp [NASDAQ:OTEX] is 1.37. Further, the Quick Ratio stands at 1.37, while the Cash Ratio is 0.34. Considering the valuation of this stock, the price to sales ratio is 1.87, the price to book ratio is 2.64 and price to earnings (TTM) ratio is 83.53.
