Open Text Corp (NASDAQ: OTEX) is -6.81% lower on its value in year-to-date trading and has touched a low of $24.86 and a high of $40.55 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 $26.31 in the last trading session, with the day’s gains setting it 0.08%.
Currently trading at $26.39, the stock is 1.32% and -4.13% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.05 million and changing 0.30% at the moment leaves the stock -11.98% off its SMA200. OTEX registered -31.63% loss for a year compared to 6-month loss of -16.96%. The firm has a 50-day simple moving average (SMA 50) of $27.5272 and a 200-day simple moving average (SMA200) of $29.98315.
The stock witnessed a -3.97% gain in the last 1 month and extending the period to 3 months gives it a -10.75%, and is 5.10% 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 2.01% over the week and 2.48% over the month.
Open Text Corp (OTEX) has around 22900 employees, a market worth around $6.97B and $5.41B in sales. Current P/E ratio is 10.75 and Fwd P/E is 6.34. Profit margin for the company is 12.21%. Distance from 52-week low is 6.15% and -34.92% 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 -10.88% this year, but quarterly earnings will post -9.66% year-over-year. Quarterly sales are estimated to shrink -11.29% in year-over-year returns.
537.0 institutions hold shares in Open Text Corp (OTEX), with institutional investors hold 77.62% of the company’s shares. The shares outstanding are 263.73M, and float is at 257.63M with Short Float at 2.87%. Institutions hold 75.98% of the Float.
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 5.7826 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 4.7468 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.
