Open Text Corp [OTEX] stock is trading at $28.25, down -0.25%. An important factor to consider is whether the stock is rising or falling in short-term value. The OTEX shares have gain 0.86% over the last week, with a monthly amount drifted -6.70%, and not 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 December 17, 2024, when UBS initiated its Neutral rating and assigned the stock a price target of $32. Previously, RBC Capital Mkts downgraded its rating to Sector Perform on November 01, 2024, and dropped its price target to $33. On August 02, 2024, downgrade downgraded it’s rating to Sector Perform. BMO Capital Markets downgraded its rating to a Market Perform and decreased its price target to $38 on May 03, 2024. Jefferies initiated its recommendation with a Buy and recommended $45 as its price target on February 27, 2024. In a note dated September 01, 2022, Citigroup initiated an Neutral rating and provided a target price of $34 on this stock.
Open Text Corp [OTEX] stock has fluctuated between $27.05 and $45.47 over the past year. Currently, Wall Street analysts expect the stock to reach $33 within the next 12 months. Open Text Corp [NASDAQ: OTEX] shares were valued at $28.25 at the most recent close of the market. An investor can expect a potential return of 16.81% based on the average OTEX price forecast.
Analyzing the OTEX fundamentals
Open Text Corp [NASDAQ:OTEX] reported sales of 5.61B for the trailing twelve months, which represents a drop of -10.97%. 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 1.55.
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 27.99 points at the first support level, and at 27.74 for the second support level. However, for the 1st resistance point, the stock is sitting at 28.55, and for the 2nd resistance point, it is at 28.86.
Ratios To Look Out For
For context, Open Text Corp’s Current Ratio is 0.77. On the other hand, the Quick Ratio is 0.77, and the Cash Ratio is 0.4. Considering the valuation of this stock, the price to sales ratio is 1.34, the price to book ratio is 1.81 and price to earnings (TTM) ratio is 16.36.
Transactions by insiders
Recent insider trading involved BRIAN SWEENEY, Officer, that happened on Nov 05 ’24 when 6787.0 shares were purchased.
