Stock To Watch: Open Text Corporation (NASDAQ:OTEX)


The leading market experts have placed a mean price target of $67.92 on Open Text Corporation (NASDAQ:OTEX) stock. This price level, which is estimated to be attained in one-year indicates the mean of stock opinions given by the companies included in the First Call survey. The renowned research firms have predicted earnings of $1.05 a share for the upcoming quarter and $4.11 for the current fiscal. Technical View The technical analysis of Open Text Corporation plainly substantiates that the 50-day moving average of Open Text Corporation is $59.93, and stock is hovering 1.00 or +1.67% distant from $59.93. It is noted that the 200-day MA is $53.90, and Open Text Corporation stock is $7.03 or +13.04% off from this point. Open Text Corporation (NASDAQ:OTEX) 52-week high is $63.25 and the 52-week low is $40.58. This explains if the stock moves $-2.32, it will post a 52-week high. In event of $+50.15% points decline, a 52-week low will be hit. Taking the Valuation Aspect To emphasize the valuation of Open Text Corporation, shareholders can apply financial tool known as price-to-earnings ratio. This financial ratio assesses stock’s valuation by considering the relative expense of the stock. Following this ratio, Open Text Corporation (NASDAQ:OTEX) ratio came in at 26.15. The stock last ended the trading session at $60.93 and registered a market cap of $7.36B. To appraise firm’s growth, the shareholders take help of the Price-to-Earnings-Growth ratio. When a stock has a higher PEG ratio, it is suggestive of lower stock appreciation in approaching sessions. A stock comes in the group of undervalued stocks when its PEG ratio falls in between 0 and 1. Open Text Corporation (NASDAQ:OTEX) PEG ratio is at 1.62.

1 Chart Pattern Every Investor Should Know

This little-known pattern preceded moves of 578% in ARWR, 562% in LCI, 513% in ICPT, 439% in EGRX, 408% in ADDUS and more...

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