Open Text Corp (NASDAQ:OTEX) currently has a daily average trading volume of 646.82K but it saw 747061 shares traded in last market. With a market cap of 8.53B USD, the company’s current market price of $31.82 came rising about 0.13 while comparing to the previous closing price of $31.78. 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 $31.26 while lowest mark touched by it was $32.065.
Taking a look at 20-day trading activity of Open Text Corp (OTEX) gives us an average price of $32.04, while its current price level is -30.02% below from 52-week high level whereas it is 15.71% 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 $31.32 while that of 200 days or SMA-200 reads an average of $35.24. A closer look into the stock’s movement over the week reveals that its volatility is standing at 1.83% during that period while stretching the period over a month that increases to 2.03%. 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 51.43 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 -1.47% down while it is -1.94% when we observe its performance for the past one month. Year-to-date it is -24.27% down and over the past year, the stock is showing a downside performance of -18.10%.
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 18.61 while having a 7.32 of forward P/E ratio. Stock’s beta reads 1.12. Stock has a price to book (P/B) ratio of 2.03 while price to sale or P/S ratio amounts to 1.48. Its return on asset (ROA) is 2.97% on average.
