Open Text Corp (OTEX) concluded trading on Thursday at a closing price of $25.85, with 3.76 million shares of worth about $97.3 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -23.41% during that period and on May 01, 2025 the price saw a loss of about -4.61%. Currently the company’s common shares owned by public are about 263.73M shares, out of which, 257.75M shares are available for trading.
Stock saw a price change of -3.80% in past 5 days and over the past one month there was a price change of 1.93%. Year-to-date (YTD), OTEX shares are showing a performance of -8.72% which decreased to -27.16% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $22.79 but also hit the highest price of $35.97 during that period. The average intraday trading volume for Open Text Corp shares is 1.29 million. The stock is currently trading 1.39% above its 20-day simple moving average (SMA20), while that difference is down -0.11% for SMA50 and it goes to -12.12% lower than SMA200.
Open Text Corp (NASDAQ: OTEX) currently have 263.73M outstanding shares and institutions hold larger chunk of about 70.54% of that.
The stock has a current market capitalization of $6.82B and its 3Y-monthly beta is at 1.16. PE ratio of stock for trailing 12 months is 10.53, while it has posted earnings per share of $2.46 in the same period. Its PEG reads 3.06 and has Quick Ratio of 0.85 while making debt-to-equity ratio of 1.58. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for OTEX, volatility over the week remained 3.47% while standing at 3.88% over the month.
Analysts are in expectations that Open Text Corp (OTEX) stock would likely to be making an EPS of 0.86 in the current quarter, while forecast for next quarter EPS is 0.93 and it is 4.09 for next year. For the current quarter EPS, analysts have given the company a lowest target 0.82 which is 0.89 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of 0.98 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -11.83% while it is estimated to increase by 13.54% in next year. EPS is likely to shrink at an annualized rate of 3.44% for next 5-years, compared to annual growth of 9.94% made by the stock over the past 5-years.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by UBS on December 17, 2024 offering a Neutral rating for the stock and assigned a target price of $32 to it. Coverage by RBC Capital Mkts stated Open Text Corp (OTEX) stock as a Sector perform in their note to investors on November 01, 2024, suggesting a price target of $33 for the stock. On August 02, 2024, National Bank Financial Downgrade their recommendations, while on May 03, 2024, BMO Capital Markets Downgrade their ratings for the stock with a price target of $38. Stock get a Buy rating from Jefferies on February 27, 2024.
