A share price of Open Text Corp [OTEX] is currently trading at $30.02, up 3.45%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The OTEX shares have lost -1.54% over the last week, with a monthly amount drifted -3.72%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Open Text Corp [NASDAQ: OTEX] stock has seen the most recent analyst activity on August 02, 2024, when National Bank Financial downgraded its rating to a Sector Perform. Previously, BMO Capital Markets downgraded its rating to Market Perform on May 03, 2024, and dropped its price target to $38. On February 27, 2024, Jefferies initiated with a Buy rating and assigned a price target of $45 on the stock. Citigroup initiated its recommendation with a Neutral and recommended $34 as its price target on September 01, 2022. CIBC downgraded its rating to Neutral for this stock on August 26, 2022. In a note dated June 30, 2021, Barclays downgraded an Equal Weight rating on this stock but restated the target price of $56.
Open Text Corp experienced fluctuations in its stock price throughout the past year between $27.50 and $45.47. Currently, Wall Street analysts expect the stock to reach $43.5 within the next 12 months. Open Text Corp [NASDAQ: OTEX] shares were valued at $30.02 at the most recent close of the market. An investor can expect a potential return of 44.9% based on the average OTEX price forecast.
Analyzing the OTEX fundamentals
Trailing Twelve Months sales for Open Text Corp [NASDAQ:OTEX] were 5.77B which represents -8.63% decline. Gross Profit Margin for this corporation currently stands at 0.68% with Operating Profit Margin at 0.17%, Pretax Profit Margin comes in at 0.13%, and Net Profit Margin reading is 0.08%. To continue investigating profitability, this company’s Return on Assets is posted at 0.03, Equity is 0.11 and Total Capital is 0.08. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.54.
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 29.28 points at the first support level, and at 28.54 for the second support level. However, for the 1st resistance point, the stock is sitting at 30.58, and for the 2nd resistance point, it is at 31.14.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Open Text Corp [NASDAQ:OTEX] is 0.80. In addition, the Quick Ratio stands at 0.80 and the Cash Ratio stands at 0.46. Considering the valuation of this stock, the price to sales ratio is 1.40, the price to book ratio is 1.91 and price to earnings (TTM) ratio is 17.56.
