Open Text Corp Stock Analysis
OTEX Stock | USD 38.81 0.57 1.45% |
Open Text Corp is undervalued with Real Value of 43.98 and Target Price of 48.2. The main objective of Open Text stock analysis is to determine its intrinsic value, which is an estimate of what Open Text Corp is worth, separate from its market price. There are two main types of Open Text's stock analysis: fundamental analysis and technical analysis. Fundamental analysis focuses on the financial and economic factors that affect Open Text's performance, such as revenue growth, earnings, and financial stability. Technical analysis, on the other hand, focuses on the price and volume data of Open Text's stock to identify patterns and trends that may indicate its future price movements.
The Open Text stock is traded in the USA on NASDAQ Exchange, with the market opening at 09:30:00 and closing at 16:00:00 every Mon,Tue,Wed,Thu,Fri except for officially observed holidays in the USA. Open Text is usually not traded on Thanksgiving Day, Christmas Day, New Year 's Day, Dr . Martin Luther King Jr 's Birthday, Washington 's Birthday, Good Friday, Memorial Day, Juneteenth Holiday, Independence Day, Labour Day. Open Stock trading window is adjusted to America/New York timezone. Here, you can get updates on important government artifacts, including earning estimates, SEC corporate filings, announcements, and Open Text's ongoing operational relationships across important fundamental and technical indicators.
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Open Stock Analysis Notes
About 78.0% of the company shares are owned by institutional investors. The book value of Open Text was now reported as 15.06. The company has Price/Earnings To Growth (PEG) ratio of 0.87. Open Text Corp last dividend was issued on the 29th of February 2024. The entity had 2:1 split on the 25th of January 2017. Open Text Corporation engages in the designs, develops, markets, and sells information management software and solutions. Open Text Corporation was incorporated in 1991 and is headquartered in Waterloo, Canada. Open Text operates under SoftwareApplication classification in the United States and is traded on NASDAQ Exchange. It employs 14800 people. To find out more about Open Text Corp contact Mark Barrenechea at 519 888 7111 or learn more at https://www.opentext.com.Open Text Quarterly Total Revenue |
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Open Text Corp Investment Alerts
Many investors view ongoing market volatility as an opportunity to purchase more stocks at a favorable price or short it to generate a bearish trend profit opportunity. If you are one of those investors, make sure you clearly understand the position you are entering. Open Text's investment alerts are automatically generated signals that are significant enough to either complement your investing judgment regarding Open Text Corp or challenge it. These alerts can help you understand what you are buying and avoid costly mistakes.
Open Text Corp generated a negative expected return over the last 90 days | |
Over 78.0% of the company shares are owned by institutional investors | |
On 20th of March 2024 Open Text paid $ 0.25 per share dividend to its current shareholders | |
Latest headline from simplywall.st: Open Text Has A Pretty Healthy Balance Sheet |
Open Text Corp Upcoming and Recent Events
Earnings reports are used by Open Text to provide an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. Every quarterly earnings report provides investors with three things: an overview of sales, expenses, and net income for the most recent period. It also may provide a comparison to Open Text previous reporting period. The quarterly earnings reports are usually disseminated to the public via Form 10-Q, which is a legal document filed with the Securities and Exchange Commission every quarter.
1st of February 2024 Upcoming Quarterly Report | View | |
2nd of May 2024 Next Financial Report | View | |
31st of December 2023 Next Fiscal Quarter End | View | |
1st of August 2024 Next Fiscal Year End | View | |
30th of September 2023 Last Quarter Report | View | |
30th of June 2023 Last Financial Announcement | View |
Open Largest EPS Surprises
Earnings surprises can significantly impact Open Text's stock price both in the short term and over time. Negative earnings surprises usually result in a price decline. However, it has been seen that positive earnings surprises lead to an immediate rise in a stock's price and a gradual increase over time. This is why we often hear news about some companies beating earning projections. Financial analysts spend a large amount of time predicting earnings per share (EPS) along with other important future indicators. Many analysts use forecasting models, management guidance, and additional fundamental information to derive an EPS estimate.
Reported | Fiscal Date | Estimated EPS | Reported EPS | Surprise | |||
---|---|---|---|---|---|---|---|
2007-05-02 | 2007-03-31 | 0.08 | 0.09 | 0.01 | 12 | ||
2006-08-31 | 2006-06-30 | 0.07 | 0.08 | 0.01 | 14 | ||
2006-02-01 | 2005-12-31 | 0.07 | 0.08 | 0.01 | 14 |
Open Text Thematic Classifications
In addition to having Open Text stock in your portfolios, you can add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your favorite investment opportunity, you can then obtain an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility. If you are a result-oriented investor, you can benefit from optimizing one of our existing themes to build an efficient portfolio against your specific investing outlook.
Disruptive TechnologiesFirms and ETFs that are involved or betting on industries or trends that are projected to experience exponential growth | ||
Tech GrowthLarge and mid-sized technology companies, funds, and technology-based ETFs that are considered growing | ||
ComputersUSA Equities from Computers industry as classified by Fama & French |
Open Stock Institutional Investors
Have you ever been surprised when a price of an equity instrument such as Open Text is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Open Text Corp backward and forwards among themselves. Open Text's institutional investor refers to the entity that pools money to purchase Open Text's securities or originate loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
Shares | Bmo Capital Markets Corp. | 2023-12-31 | 5.5 M | Arrowstreet Capital Limited Partnership | 2023-12-31 | 4.6 M | Turtle Creek Asset Management Inc. | 2023-12-31 | 3.4 M | Norges Bank | 2023-12-31 | 3.3 M | Letko, Brosseau & Associates Inc. | 2023-12-31 | 2.9 M | Clearbridge Advisors, Llc | 2023-12-31 | 2.8 M | Guardian Capital Inc | 2023-12-31 | 2.8 M | Newsouth Capital Management Inc | 2023-12-31 | 2.7 M | Amvescap Plc. | 2023-12-31 | 2.7 M | Jarislowsky Fraser Ltd | 2023-12-31 | 15.4 M | Harris Associates L.p. | 2023-12-31 | 11.1 M |
Open Market Capitalization
The company currently falls under 'Large-Cap' category with a current market capitalization of 10.39 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Open Text's market, we take the total number of its shares issued and multiply it by Open Text's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities.Open Profitablity
Open Text's profitability indicators refer to fundamental financial ratios that showcase Open Text's ability to generate income relative to its revenue or operating costs. If, let's say, Open Text is currently losing money, the management's focus should be on how to reverse that trend. However, when revenue exceeds expenses, Open Text's executives or investors may be in less hurry to break that information down - which is where profitability analysis comes into play. Gaining a greater understanding of Open Text's profitability requires more research than a typical breakdown of Open Text's financial statements. By doing a profitability analysis, companies can identify areas needing attention, and investors can make a profitable trade.
The company has Profit Margin (PM) of 0.02 %, which maeans that even a very small decline in it revenue will erase profits resulting in a net loss. This is way below average. Similarly, it shows Operating Margin (OM) of 0.2 %, which suggests for every 100 dollars of sales, it generated a net operating income of $0.2. Last Reported | Projected for 2024 | ||
Return On Capital Employed | 0.03 | 0.03 | |
Return On Assets | 0.01 | 0.01 | |
Return On Equity | 0.03 | 0.04 |
Management Efficiency
Open Text Corp has return on total asset (ROA) of 0.0385 % which means that it generated a profit of $0.0385 on every $100 spent on assets. This is way below average. Similarly, it shows a return on stockholder's equity (ROE) of 0.0313 %, meaning that it created $0.0313 on every $100 dollars invested by stockholders. Open Text's management efficiency ratios could be used to measure how well Open Text manages its routine affairs as well as how well it operates its assets and liabilities. Return On Equity is likely to rise to 0.04 in 2024, whereas Return On Capital Employed is likely to drop 0.03 in 2024. At this time, Open Text's Total Assets are fairly stable compared to the past year. Non Current Assets Total is likely to rise to about 17.9 B in 2024, despite the fact that Net Tangible Assets are likely to grow to (7.5 B).Last Reported | Projected for 2024 | ||
Price Book Value Ratio | 3.21 | 3.19 | |
Enterprise Value Multiple | 12.79 | 7.97 | |
Price Fair Value | 3.21 | 3.19 |
The analysis of Open Text's management efficiency is an essential part of evaluating and assessing the financial and operational performance of the entity. It is also vital to analyze Open Text's future growth prospects and the overall market conditions to determine the value and potential of its stock. The analysis involves studying a range of financial metrics such as revenue, earnings, profit margins, cash flow, debt, market share, and external factors such as economic trends, industry outlook, competition, and government regulations. The goal of Open Stock analysis is to determine whether it is undervalued, fairly valued, or overvalued and to make informed investment decisions.
Dividend Yield 0.0258 | Forward Dividend Yield 0.0258 | Forward Dividend Rate 1 | Beta 1.101 |
Technical Drivers
As of the 28th of March, Open Text holds the Coefficient Of Variation of (1,758), variance of 3.02, and Risk Adjusted Performance of (0.02). Compared to fundamental indicators, the technical analysis model allows you to check existing technical drivers of Open Text, as well as the relationship between them. Put it differently, you can use this information to find out if the company will indeed mirror its model of past market data, or the prices will eventually revert. We were able to analyze and collect data for thirteen technical drivers for Open Text Corp, which can be compared to its competitors. Please check Open Text Corp coefficient of variation and value at risk to decide if Open Text Corp is priced some-what accurately, providing market reflects its current price of 38.81 per share. Given that Open Text has information ratio of (0.13), we recommend you to check out Open Text Corp's recent market performance to make sure the company can sustain itself at a future point.Open Text Corp Price Movement Analysis
The output start index for this execution was two with a total number of output elements of fifty-nine. The Bollinger Bands is very popular indicator that was developed by John Bollinger. It consist of three lines. Open Text middle band is a simple moving average of its typical price. The upper and lower bands are (N) standard deviations above and below the middle band. The bands widen and narrow when the volatility of the price is higher or lower, respectively. The upper and lower bands can also be interpreted as price targets for Open Text Corp. When the price bounces off of the lower band and crosses the middle band, then the upper band becomes the price target.
Open Text Predictive Daily Indicators
Open Text intraday indicators are useful technical analysis tools used by many experienced traders. Just like the conventional technical analysis, daily indicators help intraday investors to analyze the price movement with the timing of Open Text stock daily movement. By combining multiple daily indicators into a single trading strategy, you can limit your risk while still earning strong returns on your managed positions.
Accumulation Distribution | 28800.42 | |||
Daily Balance Of Power | (0.39) | |||
Rate Of Daily Change | 0.99 | |||
Day Median Price | 39.13 | |||
Day Typical Price | 39.02 | |||
Price Action Indicator | (0.60) | |||
Period Momentum Indicator | (0.57) | |||
Relative Strength Index | 60.76 |
Open Text Corporate Filings
13A | 14th of February 2024 An amended filing to the original Schedule 13G | ViewVerify |
13A | 13th of February 2024 An amended filing to the original Schedule 13G | ViewVerify |
13A | 12th of February 2024 An amended filing to the original Schedule 13G | ViewVerify |
13A | 9th of February 2024 An amended filing to the original Schedule 13G | ViewVerify |
8K | 1st of February 2024 Report filed with the SEC to announce major events that shareholders should know about | ViewVerify |
13A | 26th of December 2023 The form used by investors holding more than 5% of a company's stock, to report their beneficial ownership pursuant to Rule 13d-1 or Rule 13d-2 under the Securities Exchange Act of 1934 | ViewVerify |
8K | 21st of December 2023 Report filed with the SEC to announce major events that shareholders should know about | ViewVerify |
ASR | 15th of December 2023 Automatic Shelf Registration Statement under Rule 415 filed with the U.S. Securities and Exchange Commission (SEC) | ViewVerify |
Open Text Forecast Models
Open Text's time-series forecasting models are one of many Open Text's stock analysis techniques aimed at predicting future share value based on previously observed values. Time-series forecasting models ae widely used for non-stationary data. Non-stationary data are called the data whose statistical properties e.g. the mean and standard deviation are not constant over time but instead, these metrics vary over time. These non-stationary Open Text's historical data is usually called time-series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the market movement and maximize returns from investment trading.About Open Stock Analysis
Stock analysis is the technique used by a trader or investor to examine and evaluate how Open Text prices is reacting to, or reflecting on a current market direction and economic conditions. It can be used to make informed decisions about market timing, and when buying or selling Open shares will generate the highest return on investment. We also built our stock analysis module to help investors to gain an insight into the world economy as a whole, the stock market, thematic ideas. a specific sector, or an individual Stock such as Open Text. By using and applying Open Stock analysis, traders can create a robust methodology for identifying Open entry and exit points for their positions.
Last Reported | Projected for 2024 | ||
Pretax Profit Margin | 0.04 | 0.04 | |
Operating Profit Margin | 0.10 | 0.06 | |
Net Profit Margin | 0.03 | 0.03 | |
Gross Profit Margin | 0.81 | 0.79 |
Current Open Analysis - Recommendations
We track the performance of the top 100 financial experts across various large and mid-size financial boutiques. Open analyst recommendations are determined by taking all analyst recommendations and averaging them as Strong Buy, Buy, Hold, Strong Sell or Sell. There is no one specific way to measure analysis performance other than comparing it to the past results via a very sophisticated attribution analysis. Open analyst consensus and target price projections should be used in combination with other traditional techniques such as stock price forecasting, technical analysis, earnings estimate, and various momentum models.
Target Price | Advice | # of Analysts | |
48.2 | Strong Buy | 13 | Odds |
Most Open analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand Open stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Open Text Corp, talking to its executives and customers, or listening to Open conference calls.
Open Stock Analysis Indicators
Open Text Corp stock analysis indicators help investors 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 understating and applying Open Text stock analysis, traders can identify Open Text position entry and exit signals to maximize returns.
Begin Period Cash Flow | 1.7 B | |
Long Term Debt | 8.6 B | |
Common Stock Shares Outstanding | 270.5 M | |
Total Stockholder Equity | 4 B | |
Total Cashflows From Investing Activities | -5.7 B | |
Tax Provision | 70.8 M | |
Quarterly Earnings Growth Y O Y | -0.855 | |
Property Plant And Equipment Net | 642.6 M | |
Cash And Short Term Investments | 1.2 B | |
Cash | 1.2 B | |
Accounts Payable | 162.7 M | |
Net Debt | 8 B | |
50 Day M A | 40.1482 | |
Total Current Liabilities | 3.2 B | |
Other Operating Expenses | 3.8 B | |
Non Current Assets Total | 14.8 B | |
Forward Price Earnings | 8.1699 | |
Common Stock Total Equity | 2.2 B | |
Non Currrent Assets Other | 313.3 M | |
Stock Based Compensation | 130.3 M |
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 Options Analysis module to analyze and evaluate options and option chains as a potential hedge for your portfolios.
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.