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Open Text Corporation (OTEX)
30.53  0.28 (0.93%)    05-08 16:00
Open: 30.05
High: 30.765
Volume: 855,860
  
Pre. Close: 30.25
Low: 29.98
Market Cap: 8,331(M)
Technical analysis
2024-05-08 4:55:05 PM
Short term     
Mid term     
Targets 6-month :  40.41 1-year :  45.03
Resists First :  34.6 Second :  38.56
Pivot price 34.11
Supports First :  28.2 Second :  23.46
MAs MA(5) :  31.34 MA(20) :  34.34
MA(100) :  39.01 MA(250) :  38.87
MACD MACD :  -1.7 Signal :  -1.2
%K %D K(14,3) :  26 D(3) :  28.7
RSI RSI(14): 20.1
52-week High :  45.47 Low :  28.2
Price, MAs and Bollinger Bands

Price has closed below its short-term moving average. Short-term moving average is currently below mid-term; and below long-term moving average. From the relationship between price and moving averages: This stock is BEARISH in short-term; and BEARISH in mid-long term.
[ OTEX ] has closed above bottom band by 11.3%. Bollinger Bands are 141.8% wider than normal. The large width of the bands suggest high volatility as compared to its normal range. The bands have been in this wide range for 3 days. This is a sign that the current trend might continue.

Stock Price Prediction
If tomorrow: Open lower Open higher
High: 30.79 - 30.91 30.91 - 31.05
Low: 29.66 - 29.79 29.79 - 29.93
Close: 30.29 - 30.5 30.5 - 30.73
Company Description

Open Text Corporation engages in the designs, develops, markets, and sells information management software and solutions. It offers content services; business network that manages data within the organization and outside the firewall; security and protection solutions for defending against cyber threats, and preparing for business continuity and response in the event of a breach; digital investigation and forensic security solutions; OpenText security solutions to address information cyber resilience needs; Carbonite and Webroot products; and OpenText Information Management software platform. The company also provides eDiscovery platform that provides forensics and unstructured data analytics; OpenText Developer Cloud; key developer API services; AI and analytics that leverages structured or unstructured data; digital process automation solutions, which enables organizations to transform into digital data-driven businesses; and OpenText Digital Experience platform. In addition, it offers customer support programs, including access to software upgrades, a knowledge base, discussions, product information, and an online mechanism to post and review trouble tickets; and consulting and learning services relating to the implementation, training, and integration of its licensed product offerings, as well as cloud services. The company serves organizations, enterprise and mid-market companies, public sector agencies, small and medium-sized businesses, and direct consumers in Canada, the United States, the United Kingdom, Germany, rest of Europe, the Middle East, Africa, and internationally. It has strategic partnerships with SAP SE, Google Cloud, Amazon AWS, Microsoft Corporation, Oracle Corporation, Salesforce.com Corporation, Accenture plc, ATOS, Capgemini Technology Services SAS, Cognizant Technology Solutions U.S. Corp., Deloitte Consulting LLP, and Tata Consultancy Services. Open Text Corporation was incorporated in 1991 and is headquartered in Waterloo, Canada.

Headline News

Wed, 08 May 2024
OpenText Completes $2 Billion Debt Reduction - The Globe and Mail

Wed, 08 May 2024
OpenText Completes $2 Billion Debt Reduction - Yahoo Finance

Wed, 08 May 2024
Open Text (NASDAQ:OTEX) Will Pay A Dividend Of $0.25 - Simply Wall St

Tue, 07 May 2024
Open Text (NASDAQ:OTEX) PT Lowered to $38.00 - Defense World

Tue, 07 May 2024
Open Text (NASDAQ:OTEX) Price Target Cut to $50.00 - Defense World

Mon, 06 May 2024
Investors Met With Slowing Returns on Capital At Open Text (NASDAQ:OTEX) - Simply Wall St

Financial Analysis
Price to Book Value:
P/BV, a ratio used to compare book value to its current market price, to gauge whether a stock is valued properly.
Neutral
Price to Earnings:
PE, the ratio for valuing a company that measures its current share price relative to its earnings per share (EPS).
Outperform
Discounted cash flow:
DCF, a valuation method used to estimate the value of an investment based on its expected future cash flows.
Outperform
Return on Assets:
ROA, indicates how profitable a company is in relation to its total assets, how efficiently uses assets to generate a profit.
Neutral
Return on Equity:
ROE, a measure of financial performance calculated by dividing net income by equity. a gauge of profitability and efficiency.
Outperform
Debt to Equity:
evaluate financial leverage, reflects the ability of equity to cover outstanding debts in the event of a business downturn.
Outperform
Stock Basics & Statistics
Exchange:
NASDAQ
Sector:
Technology
Industry:
Software - Application
Shares Out 269 (M)
Shares Float 263 (M)
Held by Insiders 2.2 (%)
Held by Institutions 77.2 (%)
Shares Short 5,120 (K)
Shares Short P.Month 5,450 (K)
Stock Financials
EPS 0.62
EPS Est Next Qtrly 0
EPS Est This Year 0
EPS Est Next Year 0
Book Value (p.s.) 15.34
Profit Margin 2.8 %
Operating Margin 17 %
Return on Assets (ttm) 3.5 %
Return on Equity (ttm) 4 %
Qtrly Rev. Growth 16.2 %
Gross Profit (p.s.) 0
Sales Per Share 21.89
EBITDA (p.s.) 5.75
Qtrly Earnings Growth 71.4 %
Operating Cash Flow 898 (M)
Levered Free Cash Flow -935 (M)
Stock Valuations
PE Ratio 49.24
PEG Ratio 0.5
Price to Book value 1.99
Price to Sales 1.39
Price to Cash Flow 9.16
Stock Dividends
Dividend 0
Forward Dividend 0
Dividend Yield 0%
Dividend Pay Date Invalid DateTime.
Ex-Dividend Date Invalid DateTime.

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