A new trading day began on Tuesday, with Open Text Corp (NASDAQ: OTEX) stock price up 1.81% from the previous day of trading, before settling in for the closing price of $35.45. OTEX’s price has ranged from $32.04 to $45.47 over the past 52 weeks.
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A company in the Technology sector has jumped its sales by 10.15% annually for the last half of the decade. Meanwhile, its annual earnings per share averaged 40.06%. With a float of $266.09 million, this company’s outstanding shares have now reached $270.90 million.
In an organization with 24100 employees, it is important to assess its efficiency.
Open Text Corp (OTEX) Insider and Institutional Ownership
As we move forward, let’s examine how large-scale investors are investing in this stock of the Software – Application Industry. The insider ownership of Open Text Corp is 2.19%, while institutional ownership is 70.07%.
Open Text Corp (OTEX) Latest Financial update
According to the Wall Street analysts, stocks earnings will be around 40.06% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 13.70% during the next five years compared to -9.39% drop over the previous five years of trading.
Open Text Corp (NASDAQ: OTEX) Trading Performance Indicators
Here are Open Text Corp’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 1.37. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.72. Likewise, its price to free cash flow for the trailing twelve months is 13.78.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.47, a number that is poised to hit 0.94 in the next quarter and is forecasted to reach 5.12 in one year’s time.
Technical Analysis of Open Text Corp (OTEX)
Let’s dig in a bit further. During the last 5-days, its volume was 0.61 million. That was better than the volume of 0.57 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 53.18%. Additionally, its Average True Range was 0.80.
During the past 100 days, Open Text Corp’s (OTEX) raw stochastic average was set at 16.32%, which indicates a significant decrease from 42.56% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 20.89% in the past 14 days, which was lower than the 24.94% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $38.06, while its 200-day Moving Average is $38.70. However, in the short run, Open Text Corp’s stock first resistance to watch stands at $36.54. Second resistance stands at $37.00. The third major resistance level sits at $37.60. If the price goes on to break the first support level at $35.48, it is likely to go to the next support level at $34.88. The third support level lies at $34.42 if the price breaches the second support level.
Open Text Corp (NASDAQ: OTEX) Key Stats
With a market capitalization of 9.82 billion, the company has a total of 272,558K Shares Outstanding. Currently, annual sales are 4,485 M while annual income is 150,380 K. The company’s previous quarter sales were 1,535 M while its latest quarter income was 37,680 K.
