Open Text Corp (NASDAQ: OTEX) is -0.07% lower on its value in year-to-date trading and has touched a low of $26.84 and a high of $41.96 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 $28.66 in the last trading session, with the day’s loss setting it -0.36%.
Currently trading at $28.30, the stock is -1.94% and -2.19% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.21 million and changing -1.26% at the moment leaves the stock -7.50% off its SMA200. OTEX registered -32.39% loss for a year compared to 6-month loss of -4.94%. The firm has a 50-day simple moving average (SMA 50) of $28.9782 and a 200-day simple moving average (SMA200) of $30.63185.
The stock witnessed a 4.08% gain in the last 1 month and extending the period to 3 months gives it a -3.25%, and is -6.88% down 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 5.35% over the week and 3.03% over the month.
Open Text Corp (OTEX) has around 22900 employees, a market worth around $7.47B and $5.41B in sales. Current P/E ratio is 11.53 and Fwd P/E is 6.80. Profit margin for the company is 12.21%. Distance from 52-week low is 5.44% and -32.55% from its 52-week high. The company has generated returns on investments over the last 12 months (6.13%).
with sales reaching $1.28B over the same period.The EPS is expected to shrink by -10.98% this year, but quarterly earnings will post -9.50% year-over-year. Quarterly sales are estimated to shrink -11.27% in year-over-year returns.
The shares outstanding are 263.73M, and float is at 257.67M with Short Float at 1.71%.
The top institutional shareholder in the company is JARISLOWSKY, FRASER LTD with over 15.7 million shares valued at $471.41 million. The investor’s holdings represent 5.7672 of the OTEX Shares outstanding. As of 2024-06-30, the second largest holder is ROYAL BANK OF CANADA with 13.59 million shares valued at $408.25 million to account for 4.9914 of the shares outstanding. The other top investors are HARRIS ASSOCIATES L P which holds 12.89 million shares representing 4.7341 and valued at over $387.1 million, while VANGUARD GROUP INC holds 3.8328 of the shares totaling 10.44 million with a market value of $313.48 million.
