Open Text Corp (NASDAQ: OTEX) is -12.82% lower on its value in year-to-date trading and has touched a low of $22.79 and a high of $36.72 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 $25.29 in the last trading session, with the day’s loss setting it -0.6%.
Currently trading at $24.69, the stock is -3.50% and -7.40% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.65 million and changing -2.37% at the moment leaves the stock -16.97% off its SMA200. OTEX registered -33.81% loss for a year compared to 6-month loss of -25.63%. The firm has a 50-day simple moving average (SMA 50) of $26.6638 and a 200-day simple moving average (SMA200) of $29.7379.
The stock witnessed a -2.33% gain in the last 1 month and extending the period to 3 months gives it a -11.41%, and is -0.64% 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 7.03% over the week and 3.54% over the month.
Open Text Corp (OTEX) has around 22900 employees, a market worth around $6.52B and $5.41B in sales. Current P/E ratio is 10.06 and Fwd P/E is 5.93. Profit margin for the company is 12.21%. Distance from 52-week low is 8.34% and -32.76% 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.
529.0 institutions hold shares in Open Text Corp (OTEX), with institutional investors hold 76.99% of the company’s shares. The shares outstanding are 263.73M, and float is at 257.63M with Short Float at 2.84%. Institutions hold 75.37% 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.
