Open Text Corp Stock Price on October 10, 2024
| OTEX Stock | USD 29.45 0.27 0.93% |
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 29.45, as last reported on the 22nd of November, with the highest price reaching 29.59 and the lowest price hitting 29.08 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 -0.0671, which implies the firm had a -0.0671% return per unit of risk over the last 3 months. Open Text Corp exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Open Text's Coefficient Of Variation of (1,675), variance of 3.71, and Risk Adjusted Performance of (0.04) 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 14.9 B in 2024, whereas Common Stock Shares Outstanding is likely to drop slightly above 239.3 M in 2024. . At this time, Open Text's Price Earnings Ratio is fairly stable compared to the past year. Price Book Value Ratio is likely to rise to 3.16 in 2024, whereas Price To Sales Ratio is likely to drop 1.34 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 33.1071 | 50 Day MA 32.0024 | Beta 1.135 |
Open |
Sharpe Ratio = -0.0671
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| Negative Returns | OTEX |
Estimated Market Risk
| 1.93 actual daily | 17 83% of assets are more volatile |
Expected Return
| -0.13 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.07 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 1.8562 | Enterprise Value Ebitda 6.7775 | Price Sales 1.3852 | Shares Float 256.7 M | Dividend Share 1.013 |
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Open Text Valuation on October 10, 2024
It is possible to determine the worth of Open Text on a given historical date. On October 10, 2024 Open was worth 33.32 at the beginning of the trading date compared to the closed value of 33.74. 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 | |
| 33.10 | 33.82 | 33.10 | 33.77 | 367,096 | |
10/10/2024 | 33.32 | 33.83 | 33.32 | 33.74 | 278,970 |
| 33.63 | 33.96 | 33.63 | 33.81 | 271,461 |
| Backtest Open Text | | | Open Text History | | | Open Text Valuation | Previous | Next |
Open Text Trading Date Momentum on October 10, 2024
| On October 11 2024 Open Text Corp was traded for 33.81 at the closing time. The top price for the day was 33.96 and the lowest listed price was 33.63 . The trading volume for the day was 271.5 K. The trading history from October 11, 2024 was a factor to the next trading day price jump. The trading delta at closing time against the next closing price was 0.21% . The trading delta at closing time against the current closing price is 0.77% . |
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 | 272.6 M | 239.3 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 | November 22, 2024
| High |
0.00 | 0.00 |
Open Text Corp cannot be verified against its exchange. Please verify the symbol is currently traded on NASDAQ Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Open Text November 22, 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
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 | (0.04) | |||
| Jensen Alpha | (0.23) | |||
| Total Risk Alpha | (0.38) | |||
| Treynor Ratio | (0.12) |
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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.