At the time of writing, Open Text Corp [OTEX] stock is trading at $31.35, up 2.18%. 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 gain 4.43% over the last week, with a monthly amount glided 9.54%, and seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Open Text Corp [NASDAQ: OTEX] stock has seen the most recent analyst activity on November 01, 2024, when RBC Capital Mkts downgraded its rating to a Sector Perform and also revised its price target to $33 from $45. Previously, National Bank Financial downgraded its rating to Sector Perform on August 02, 2024. On May 03, 2024, downgrade downgraded it’s rating to Market Perform and revised its price target to $38 on the stock. Jefferies started tracking the stock assigning a Buy rating and suggested a price target of $45 on February 27, 2024. Citigroup started tracking with a Neutral rating for this stock on September 01, 2022, and assigned it a price target of $34. In a note dated August 26, 2022, CIBC downgraded an Neutral rating on this stock.
For the past year, the stock price of Open Text Corp fluctuated between $27.50 and $45.47. Currently, Wall Street analysts expect the stock to reach $33 within the next 12 months. Open Text Corp [NASDAQ: OTEX] shares were valued at $31.35 at the most recent close of the market. An investor can expect a potential return of 5.26% based on the average OTEX price forecast.
Analyzing the OTEX fundamentals
According to Open Text Corp [NASDAQ:OTEX], the company’s sales were 5.61B for trailing twelve months, which represents an -10.97% plunge. 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. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.55.
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 30.94 points at the first support level, and at 30.54 for the second support level. However, for the 1st resistance point, the stock is sitting at 31.61, and for the 2nd resistance point, it is at 31.88.
Ratios To Look Out For
It is important to note that Open Text Corp [NASDAQ:OTEX] has a current ratio of 0.77. In addition, the Quick Ratio stands at 0.77 and the Cash Ratio stands at 0.4. Considering the valuation of this stock, the price to sales ratio is 1.48, the price to book ratio is 2.01 and price to earnings (TTM) ratio is 18.15.
Transactions by insiders
Recent insider trading involved BRIAN SWEENEY, Officer, that happened on Nov 05 ’24 when 6787.0 shares were purchased.
