Open Text Corp Stock Price on April 8, 2024
| OTEX Stock | USD 35.45 0.10 0.28% |
Below is the normalized historical share price chart for Open Text Corp extending back to January 24, 1996. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Open Text stands at 35.45, as last reported on the 2nd of May, with the highest price reaching 35.45 and the lowest price hitting 35.45 during the day.
If you're considering investing in Open Stock, it is important to understand the factors that can impact its price. Open Text Corp maintains Sharpe Ratio (i.e., Efficiency) of -0.18, which implies the firm had a -0.18% return per unit of risk over the last 3 months. Open Text Corp exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Open Text's Coefficient Of Variation of (532.82), risk adjusted performance of (0.11), and Variance of 2.45 to confirm the risk estimate we provide.
At this time, Open Text's Total Stockholder Equity is fairly stable compared to the past year. Liabilities And Stockholders Equity is likely to rise to about 20.6 B in 2024, whereas Common Stock Shares Outstanding is likely to drop slightly above 237.1 M in 2024. . At this time, Open Text's Price To Sales Ratio is fairly stable compared to the past year. Price Earnings Ratio is likely to rise to 70.58 in 2024, whereas Price Book Value Ratio is likely to drop 3.19 in 2024. Open Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
IPO Date 9th of September 1998 | 200 Day MA 38.5674 | 50 Day MA 37.6118 | Beta 1.104 |
Open |
Sharpe Ratio = -0.1842
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| Negative Returns | OTEX |
Estimated Market Risk
| 1.55 actual daily | 13 87% of assets are more volatile |
Expected Return
| -0.29 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.18 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Open Text is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Open Text by adding Open Text to a well-diversified portfolio.
Price Book 2.3583 | Enterprise Value Ebitda 11.1723 | Price Sales 1.6803 | Shares Float 261.8 M | Dividend Share 0.986 |
Open Text Main Headline on 8th of April 2024
Insiders At Open Text Sold US30m In Stock, Alluding To Poten... by simplywall.st
Over the past year, many Open Text Corporation insiders sold a significant stake in the company which...
Open Text Valuation on April 8, 2024
It is possible to determine the worth of Open Text on a given historical date. On April 8, 2024 Open was worth 37.6 at the beginning of the trading date compared to the closed value of 37.15. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Open Text stock. Still, in general, we apply an absolute valuation method to find Open Text's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Open Text where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Open Text's related companies.
| Open | High | Low | Close | Volume | |
| 37.50 | 37.86 | 37.33 | 37.60 | 425,543 | |
04/08/2024 | 37.60 | 37.77 | 37.09 | 37.15 | 591,438 |
| 37.39 | 37.39 | 36.73 | 37.30 | 687,594 |
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Open Text Trading Date Momentum on April 8, 2024
| On April 09 2024 Open Text Corp was traded for 37.30 at the closing time. The top price for the day was 37.39 and the lowest listed price was 36.73 . The trading volume for the day was 687.6 K. The trading history from April 9, 2024 was a factor to the next trading day price jump. The trading delta at closing time against the next closing price was 0.40% . The trading delta at closing time against the current closing price is 6.41% . |
Open Text Corp Fundamentals Correlations and Trends
By evaluating Open Text's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Open Text's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Open financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Open Text Stock history
Open Text investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Open is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Open Text Corp will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Open Text stock prices may prove useful in developing a viable investing in Open Text
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 311 M | 237.1 M | |
| Net Income Applicable To Common Shares | 172.9 M | 189.2 M |
Open Text Stock Technical Analysis
Open Text technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
Open Text Period Price Range
Low | April 8, 2024
| High |
37.60 | 37.15 |
Open Text May 2, 2024 Market Strength
Market strength indicators help investors to evaluate how Open Text stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Open Text shares will generate the highest return on investment. By undertsting and applying Open Text stock market strength indicators, traders can identify Open Text Corp entry and exit signals to maximize returns
| Accumulation Distribution | 10648.08 | |||
| Daily Balance Of Power | (0.66) | |||
| Rate Of Daily Change | 0.99 | |||
| Day Median Price | 37.43 | |||
| Day Typical Price | 37.34 | |||
| Price Action Indicator | (0.51) | |||
| Period Momentum Indicator | (1.70) |
Open Text Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Open Text's price direction in advance. Along with the technical and fundamental analysis of Open Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Open to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | (0.11) | |||
| Jensen Alpha | (0.38) | |||
| Total Risk Alpha | (0.42) | |||
| Treynor Ratio | (0.21) |
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| Volume Indicators |
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Open Text Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in income. Note that the Open Text Corp information on this page should be used as a complementary analysis to other Open Text's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Content Syndication module to quickly integrate customizable finance content to your own investment portal.
Complementary Tools for Open Stock analysis
When running Open Text's price analysis, check to measure Open Text's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Open Text is operating at the current time. Most of Open Text's value examination focuses on studying past and present price action to predict the probability of Open Text's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Open Text's price. Additionally, you may evaluate how the addition of Open Text to your portfolios can decrease your overall portfolio volatility.
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Is Open Text's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Open Text. If investors know Open will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Open Text listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.85) | Dividend Share 0.986 | Earnings Share 0.48 | Revenue Per Share 21.019 | Quarterly Revenue Growth 0.71 |
The market value of Open Text Corp is measured differently than its book value, which is the value of Open that is recorded on the company's balance sheet. Investors also form their own opinion of Open Text's value that differs from its market value or its book value, called intrinsic value, which is Open Text's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Open Text's market value can be influenced by many factors that don't directly affect Open Text's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Open Text's value and its price as these two are different measures arrived at by different means. Investors typically determine if Open Text is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Open Text's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.