Open Text Corp (NASDAQ:OTEX) currently has a daily average trading volume of 673.03K but it saw 582598 shares traded in last market. With a market cap of 8.66B USD, the company’s current market price of $32.29 came rising about 0.70 while comparing to the previous closing price of $32.07. In past 52 weeks, the stock remained buoying in the range of price level as high as $45.47 and as low as $27.50. In the recent trading on the day, stock has struck highest price mark of $31.79 while lowest mark touched by it was $32.47.
Taking a look at 20-day trading activity of Open Text Corp (OTEX) gives us an average price of $31.98, while its current price level is -28.98% below from 52-week high level whereas it is 17.44% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $31.21 while that of 200 days or SMA-200 reads an average of $35.44. A closer look into the stock’s movement over the week reveals that its volatility is standing at 2.39% during that period while stretching the period over a month that decreases to 2.09%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 58.49 which implies that the stock is in neutral territory.
BMO Capital Markets downgraded its recommendation for the stock as a “Market Perform” from “Outperform” on May 03, 2024 while assigning a price target range of $50-$38. Jefferies issued its recommendations for the stock as it initiated the price target for the stock is $45.
Over the week, OTEX’s stock price is moving 1.56% up while it is 8.48% when we observe its performance for the past one month. Year-to-date it is -23.14% down and over the past year, the stock is showing a downside performance of -18.03%.
Currently, Open Text Corp’s total number of outstanding shares is 267.80M. Company’s return on investment (ROI) stands at 4.32% and return on equity (ROE) at 11.32%. It has a price to earnings ratio (P/E ratio) of 18.89 while having a 7.43 of forward P/E ratio. Stock’s beta reads 1.11. Stock has a price to book (P/B) ratio of 2.06 while price to sale or P/S ratio amounts to 1.50. Its return on asset (ROA) is 2.97% on average.
