At the time of writing, Open Text Corp [OTEX] stock is trading at $30.39, up 3.47%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The OTEX shares have gain 3.97% over the last week, with a monthly amount glided 6.37%, 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 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.
For the past year, the stock price of Open Text Corp fluctuated between $26.84 and $43.13. Currently, Wall Street analysts expect the stock to reach $33 within the next 12 months. Open Text Corp [NASDAQ: OTEX] shares were valued at $30.39 at the most recent close of the market. An investor can expect a potential return of 8.59% 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 of1.61.
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 29.66 points at the first support level, and at 28.94 for the second support level. However, for the 1st resistance point, the stock is sitting at 30.78, and for the 2nd resistance point, it is at 31.18.
Ratios To Look Out For
It is important to note that Open Text Corp [NASDAQ:OTEX] has a current ratio of 0.77. Also, the Quick Ratio is 0.77, while the Cash Ratio stands at 0.4. Considering the valuation of this stock, the price to sales ratio is 1.44, the price to book ratio is 1.95 and price to earnings (TTM) ratio is 17.60.
Transactions by insiders
Recent insider trading involved BRIAN SWEENEY, Officer, that happened on Nov 05 ’24 when 6787.0 shares were purchased.
