Open Text Corp (NASDAQ: OTEX) kicked off on Tuesday, down -0.84% from the previous trading day, before settling in for the closing price of $28.52. Over the past 52 weeks, OTEX has traded in a range of $22.79-$34.20.
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A company in the Technology sector has jumped its sales by 15.00% annually for the last half of the decade. While this was happening, its average annual earnings per share was recorded -11.74%. With a float of $253.03 million, this company’s outstanding shares have now reached $259.65 million.
In an organization with 22900 employees, it is important to assess its efficiency. In terms of profitability, gross margin is 69.83%, operating margin of 18.25%, and the pretax margin is 18.36%.
Open Text Corp (OTEX) Insider and Institutional Ownership
Our next focus will be how large-scale investors are participating in this stock of the Software – Application Industry. The insider ownership of Open Text Corp is 2.36%, while institutional ownership is 73.57%. The most recent insider transaction that took place on Nov 05 ’24, was worth 196,334.
Open Text Corp (OTEX) Latest Financial update
According to the Wall Street analysts, stocks earnings will be around -11.74% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 3.01% 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
Take a look at Open Text Corp’s (OTEX) current performance indicators. Last quarter, stock had a quick ratio of 0.84. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.40. Likewise, its price to free cash flow for the trailing twelve months is 10.75.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 2.45, a number that is poised to hit 0.82 in the next quarter and is forecasted to reach 4.17 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 1.54 million. That was better than the volume of 1.27 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 50.59%. Additionally, its Average True Range was 0.56.
During the past 100 days, Open Text Corp’s (OTEX) raw stochastic average was set at 61.27%, which indicates a significant increase from 45.39% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 19.83% in the past 14 days, which was lower than the 32.20% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $27.13, while its 200-day Moving Average is $28.92. However, in the short run, Open Text Corp’s stock first resistance to watch stands at $28.48. Second resistance stands at $28.68. The third major resistance level sits at $28.81. If the price goes on to break the first support level at $28.16, it is likely to go to the next support level at $28.03. The third support level lies at $27.83 if the price breaches the second support level.
Open Text Corp (NASDAQ: OTEX) Key Stats
The company with the Market Capitalisation of 7.33 billion has total of 258,988K Shares Outstanding. Its annual sales at the moment are 5,770 M in contrast with the sum of 465,090 K annual income. Company’s last quarter sales were recorded 1,254 M and last quarter income was 92,800 K.
