The stock of Open Text Corp (OTEX) has seen a 0.97% increase in the past week, with a 2.03% gain in the past month, and a 11.55% flourish in the past quarter. The volatility ratio for the week is 1.89%, and the volatility levels for the past 30 days are at 2.75% for OTEX. The simple moving average for the past 20 days is 3.91% for OTEX’s stock, with a -9.94% simple moving average for the past 200 days.
Is It Worth Investing in Open Text Corp (NASDAQ: OTEX) Right Now?
The price-to-earnings ratio for Open Text Corp (NASDAQ: OTEX) is above average at 18.82x. The 36-month beta value for OTEX is also noteworthy at 1.12. There are mixed opinions on the stock, with 13 analysts rating it as a “buy,” 1 rating it as “overweight,” 2 rating it as “hold,” and 0 rating it as “sell.”
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The public float for OTEX is 262.61M, and at present, short sellers hold a 1.45% of that float. The average trading volume of OTEX on August 29, 2024 was 684.91K shares.
OTEX) stock’s latest price update
The stock price of Open Text Corp (NASDAQ: OTEX) has jumped by 0.50 compared to previous close of 32.01. Despite this, the company has seen a gain of 0.97% in its stock price over the last five trading days. Zacks Investment Research reported 2024-08-20 that OpenText’s (OTEX) Content Cloud and Extended ECM for Engineering solutions are set to optimize processes of Serica Energy.
Analysts’ Opinion of OTEX
BMO Capital Markets, on the other hand, stated in their research note that they expect to see OTEX reach a price target of $38, previously predicting the price at $50. The rating they have provided for OTEX stocks is “Market Perform” according to the report published on May 03rd, 2024.
Jefferies gave a rating of “Buy” to OTEX, setting the target price at $45 in the report published on February 27th of the current year.
OTEX Trading at 4.44% from the 50-Day Moving Average
After a stumble in the market that brought OTEX to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -29.25% of loss for the given period.
Volatility was left at 2.75%, however, over the last 30 days, the volatility rate increased by 1.89%, as shares surge +5.71% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +11.52% upper at present.
During the last 5 trading sessions, OTEX rose by +1.16%, which changed the moving average for the period of 200-days by -12.01% in comparison to the 20-day moving average, which settled at $31.05. In addition, Open Text Corp saw -23.44% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for OTEX
Current profitability levels for the company are sitting at:
- 0.17 for the present operating margin
- 0.68 for the gross margin
The net margin for Open Text Corp stands at 0.08. The total capital return value is set at 0.08. Equity return is now at value 11.32, with 2.97 for asset returns.
Based on Open Text Corp (OTEX), the company’s capital structure generated 0.61 points at debt to capital in total, while cash flow to debt ratio is standing at 0.15. The debt to equity ratio resting at 1.54. The interest coverage ratio of the stock is -0.01.
Currently, EBITDA for the company is 1.81 billion with net debt to EBITDA at 2.98. When we switch over and look at the enterprise to sales, we see a ratio of 2.44. The receivables turnover for the company is 7.61for trailing twelve months and the total asset turnover is 0.41. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.80.
Conclusion
In summary, Open Text Corp (OTEX) has had a mixed performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
