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Who is the Top Investor In Open Text Corporation (OTEX)?

Open Text Corporation (NASDAQ: OTEX) is -37.51% lower on its value in year-to-date trading and has touched a low of $24.91 and a high of $50.49 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The OTEX stock was last observed hovering at around $28.96 in the last trading session, with the day’s gains setting it 0.71% off its average median price target of $43.00 for the next 12 months. It is also 50.55% off the consensus price target high of $60.00 offered by 10 analysts, but current levels are 1.1% higher than the price target low of $30.00 for the same period.

Currently trading at $29.67, the stock is 3.36% and 6.37% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.96 million and changing 2.45% at the moment leaves the stock -19.19% off its SMA200. OTEX registered -40.51% loss for a year compared to 6-month loss of -22.69%.

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The stock witnessed a 3.96% gain in the last 1 month and extending the period to 3 months gives it a -20.39%, and is 0.34% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.40% over the week and 3.13% over the month.

Open Text Corporation (OTEX) has around 14800 employees, a market worth around $8.01B and $3.51B in sales. Current P/E ratio is 54.54 and Fwd P/E is 9.00. Profit margin for the company is 4.20%. Distance from 52-week low is 19.11% and -41.24% from its 52-week high. The company has generated returns on investments over the last 12 months (6.00%).

Open Text Corporation (OTEX) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for Open Text Corporation (OTEX) is a “Overweight”. 10 analysts offering their recommendations for the stock have an average rating of 2.00, where 3 rate it as a Hold and 1 think it is a “Overweight”. 6 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.

Open Text Corporation is expected to release its quarterly report on 02/02/2023.The EPS is expected to grow by 28.60% this year

Open Text Corporation (OTEX) Top Institutional Holders

The shares outstanding are 269.80M, and float is at 265.60M with Short Float at 1.84%.

Open Text Corporation (OTEX): Who are the competitors?

The company’s main competitors (and peers) include Adobe Inc. (ADBE) that is trading -49.52% down over the past 12 months and HP Inc. (HPQ) that is -7.08% lower over the same period. International Business Machines Corporation (IBM) is 27.37% up on the 1-year trading charts.

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