In today’s session, Open Text Corporation (NASDAQ:OTEX)’s stock opened at 50.33 and it was trading at 50.55 as this article goes online. As of now, the stock has registered a high of 50.55 and low of 49.52. As per the last price, the market cap of Open Text Corporation, which is a NMS listed is computed at 6.09B. Market cap is just a name for a simple concept. It can be defined as the market value of a firm’s outstanding shares, which is computed by taking the shares price and multiplying it by the total count of shares outstanding. Additionally, it was reported that the three-month average daily volume was 293148.
Sell-side experts reported their estimates for earnings and future stock price of the company. It is straightforward from the Zacks poll result that Open Text Corporation can touch 53.64 in coming time and earnings can amount to 3.64 per share. A year ago, the EPS was 1.84, and estimate for next year is 3.78.
Analysts apply technical analysis because it considers the actual price behavior of the instrument or market, based on the idea that price reveals all relevant points before an investor gets aware of them using other channels. The 50-day moving average stands at 47.51 is +6.40% away from last stock price. Open Text Corporation (NASDAQ:OTEX)’s stock is -13.49%, and +37.93% off from 36.65 and 58.43, the 52-week high and low of stock, respectively
Market experts use price-to-earnings (P/E) ratio to compute a firm’s valuation. Open Text Corporation P/E ratio is recorded at 27.49. This year P/E ratio projection stands at 13.89, and for next year at 13.37.