The stock of Open Text Corp (OTEX) has seen a -2.23% decrease in the past week, with a -14.98% drop in the past month, and a -9.59% decrease in the past quarter. The volatility ratio for the week is 3.11%, and the volatility levels for the past 30 days are at 2.53% for OTEX. The simple moving average for the past 20 days is -7.49% for OTEX’s stock, with a -13.32% 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 16.76x, Company’s 36-month beta value is 1.12.Analysts have differing opinions on the stock, with 13 analysts rating it as a “buy,” 1 as “overweight,” 2 as “hold,” and 0 as “sell.”
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The public float for OTEX is 259.56M, and currently, short sellers hold a 1.74% ratio of that floaft. The average trading volume of OTEX on November 15, 2024 was 566.27K shares.
OTEX) stock’s latest price update
The stock price of Open Text Corp (NASDAQ: OTEX) has plunged by -5.08 when compared to previous closing price of 30.49, but the company has seen a -2.23% decline in its stock price over the last five trading sessions. seekingalpha.com reported 2024-10-31 that Open Text Corporation (NASDAQ:OTEX ) Q1 2025 Earnings Conference Call October 31, 2024 9:00 AM ET Company Participants Greg Secord – Vice President, Investor Relations Mark Barrenechea – Chief Executive Officer and CTO Madhu Ranganathan – President and CFO Conference Call Participants Steven Enders – Citi Billy Fitzsimmons – Jefferies Raimo Lenschow – Barclays Erin Kyle – CIBC Mike Stevens – National Bank Financial Thanos Moschopoulos – BMO Capital Markets Kiran Sritharan – Eight Capital Operator Thank you for standing by. This is the conference operator.
Analysts’ Opinion of OTEX
Many brokerage firms have already submitted their reports for OTEX stocks, with RBC Capital Mkts repeating the rating for OTEX by listing it as a “Sector Perform.” The predicted price for OTEX in the upcoming period, according to RBC Capital Mkts is $33 based on the research report published on November 01, 2024 of the current year 2024.
BMO Capital Markets gave a rating of “Market Perform” to OTEX, setting the target price at $38 in the report published on May 03rd of the current year.
OTEX Trading at -10.30% 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 -36.35% of loss for the given period.
Volatility was left at 2.53%, however, over the last 30 days, the volatility rate increased by 3.11%, as shares sank -14.73% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -8.99% lower at present.
During the last 5 trading sessions, OTEX fell by -2.23%, which changed the moving average for the period of 200-days by -33.64% in comparison to the 20-day moving average, which settled at $31.28. In addition, Open Text Corp saw -31.13% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at OTEX starting from BRIAN SWEENEY, who proposed sale 6,787 shares at the price of $28.93 back on Nov 05 ’24. After this action, BRIAN SWEENEY now owns shares of Open Text Corp, valued at $196,334 using the latest closing price.
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 11.50, with 3.09 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 0.13. The debt to equity ratio resting at 1.56. The interest coverage ratio of the stock is 2.96.
Currently, EBITDA for the company is 1.81 billion with net debt to EBITDA at 2.87. When we switch over and look at the enterprise to sales, we see a ratio of 2.39. The receivables turnover for the company is 8.83for 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 0.77.
Conclusion
In a nutshell, Open Text Corp (OTEX) has experienced a bad performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. 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.
