Open Text Corp Stock Today

OTEX Stock  USD 30.43  0.10  0.33%   

Performance

0 of 100

 
Weak
 
Strong
Very Weak

Odds Of Distress

Less than 35

 
High
 
Low
Below Average
Open Text is trading at 30.43 as of the 30th of November 2024; that is 0.33% increase since the beginning of the trading day. The stock's open price was 30.33. Open Text has about a 35 percent probability of financial distress in the next few years of operation and has generated negative returns over the last 90 days. Equity ratings for Open Text Corp are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 1st of September 2024 and ending today, the 30th of November 2024. Click here to learn more.
Business Domain
Software & Services
IPO Date
9th of September 1998
Category
Technology
Classification
Information Technology
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. The company has 265.88 M outstanding shares of which 4.96 M shares are now shorted by private and institutional investors with about 7.76 trading days to cover. More on Open Text Corp

Moving against Open Stock

  0.84EB Eventbrite Class APairCorr
  0.84DTRK DATATRAK InternationalPairCorr
  0.78VMEO Vimeo IncPairCorr
  0.72DJCO Daily Journal CorpPairCorr
  0.71DV DoubleVerify HoldingsPairCorr
  0.7ML MoneyLionPairCorr

Open Stock Highlights

ESG Sustainability
Environmental
Governance
Social
CEOMark Barrenechea
Thematic Ideas
(View all Themes)
Business ConcentrationApplication Software, Software - Application, Information Technology, ISE Cloud Computing, NASDAQ Composite, SP TSX Composite, Thomson Reuters Canada, NASDAQ Composite Total, Disruptive Technologies, Tech Growth, Information Technology, Software, Software—Application, Technology (View all Sectors)
Average Analyst Recommendation
Financial Strength
Current ValueLast YearChange From Last Year 10 Year Trend
Asset Turnover0.530.4061
Significantly Up
Slightly volatile
Gross Profit Margin0.790.7264
Significantly Up
Slightly volatile
Total Current Liabilities2.9 B2.8 B
Sufficiently Up
Slightly volatile
Non Current Liabilities Total7.6 B7.2 B
Sufficiently Up
Slightly volatile
Total Assets14.9 B14.2 B
Sufficiently Up
Slightly volatile
Total Current Assets2.4 B2.3 B
Sufficiently Up
Slightly volatile
Debt Levels
Open Text can leverage the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Open Text's financial leverage. It provides some insight into what part of Open Text's total assets is financed by creditors.
Liquidity
Open Text Corp currently holds 6.69 B in liabilities with Debt to Equity (D/E) ratio of 1.11, which is about average as compared to similar companies. Open Text Corp has a current ratio of 1.53, which is within standard range for the sector. Note, when we think about Open Text's use of debt, we should always consider it together with its cash and equity.

End Period Cash Flow

1.35 Billion
Open Text Corp (OTEX) is traded on NASDAQ Exchange in USA. It is located in 275 Frank Tompa Drive, Waterloo, ON, Canada, N2L 0A1 and employs 21,800 people. Open Text is listed under Application Software category by Fama And French industry classification. The company currently falls under 'Mid-Cap' category with a current market capitalization of 8.1 B. Open Text Corp conducts business under Software sector and is part of Information Technology industry. The entity has 265.88 M outstanding shares of which 4.96 M shares are now shorted by private and institutional investors with about 7.76 trading days to cover. Open Text Corp currently holds about 1.7 B in cash with 967.69 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 6.39.
Check Open Text Probability Of Bankruptcy
Ownership Allocation
Open Text owns a total of 265.88 Million outstanding shares. The majority of Open Text Corp outstanding shares are owned by third-party entities. These institutional holders are usually referred to as non-private investors looking to secure positions in Open Text Corp to benefit from reduced commissions. Consequently, institutional investors are subject to a different set of regulations than regular investors in Open Text. Please pay attention to any change in the institutional holdings of Open Text Corp as this could imply that something significant has changed or is about to change at the company. Please note that no matter how many assets the company maintains, if the real value of the company is less than the current market value, you may not be able to make money on it.
Check Open Ownership Details

Open Stock Institutional Holders

InstituionRecorded OnShares
Bank Of Montreal2024-06-30
4.4 M
Bmo Capital Markets Corp.2024-06-30
4.4 M
Letko, Brosseau & Associates Inc.2024-09-30
4.3 M
Guardian Capital Inc2024-09-30
3.9 M
Brandes Investment Partners & Co2024-09-30
3.5 M
Norges Bank2024-06-30
3.3 M
Morgan Stanley - Brokerage Accounts2024-06-30
3.3 M
Amvescap Plc.2024-06-30
3.2 M
Clearbridge Advisors, Llc2024-09-30
2.9 M
Jarislowsky Fraser Ltd2024-09-30
16.6 M
Royal Bank Of Canada2024-06-30
13.6 M
View Open Text Diagnostics

Open Text Historical Income Statement

At this time, Open Text's Research Development is fairly stable compared to the past year. Cost Of Revenue is likely to rise to about 1.7 B in 2024, despite the fact that Total Other Income Expense Net is likely to grow to (149.9 M). View More Fundamentals

Open Stock Against Markets

Open Text Corporate Management

Additional 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.