On Tuesday, Open Text Corp (NASDAQ: OTEX) opened higher 2.33% from the last session, before settling in for the closing price of $24.89. Price fluctuations for OTEX have ranged from $22.79 to $36.39 over the past 52 weeks.
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A company in the Technology sector has jumped its sales by 15.50% annually for the last half of the decade. Company’s average yearly earnings per share was noted -11.08% at the time writing. With a float of $257.74 million, this company’s outstanding shares have now reached $263.73 million.
In an organization with 22900 employees, it is important to assess its efficiency. In terms of profitability, gross margin is 67.8%, operating margin of 18.3%, and the pretax margin is 17.73%.
Open Text Corp (OTEX) Insider Updates
A key investor’s attitude towards the stock of the Software – Application industry is another important factor to consider. The insider ownership of Open Text Corp is 2.37%, while institutional ownership is 69.61%. The most recent insider transaction that took place on Nov 05 ’24, was worth 196,334.
Open Text Corp (OTEX) Performance Highlights and Predictions
Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.89 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -11.08% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 3.59% during the next five years compared to 9.94% growth over the previous five years of trading.
Open Text Corp (NASDAQ: OTEX) Trading Performance Indicators
Check out the current performance indicators for Open Text Corp (OTEX). In the past quarter, the stock posted a quick ratio of 0.85. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.24. Likewise, its price to free cash flow for the trailing twelve months is 10.01.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 2.46, a number that is poised to hit 0.76 in the next quarter and is forecasted to reach 4.15 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 1.02 million. That was inferior than the volume of 1.13 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 84.33%. Additionally, its Average True Range was 0.85.
During the past 100 days, Open Text Corp’s (OTEX) raw stochastic average was set at 29.16%, which indicates a significant decrease from 82.46% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 52.36% in the past 14 days, which was higher than the 32.22% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $26.11, while its 200-day Moving Average is $29.57. However, in the short run, Open Text Corp’s stock first resistance to watch stands at $25.66. Second resistance stands at $25.85. The third major resistance level sits at $26.13. If the price goes on to break the first support level at $25.19, it is likely to go to the next support level at $24.91. Assuming the price breaks the second support level, the third support level stands at $24.72.
Open Text Corp (NASDAQ: OTEX) Key Stats
There are currently 259,650K shares outstanding in the company with a market cap of 6.72 billion. Presently, the company’s annual sales total 5,770 M according to its annual income of 465,090 K. Last quarter, the company’s sales amounted to 1,335 M and its income totaled 229,860 K.
