Open Text Corp Stock Today
| OTEX Stock | CAD 48.18 0.30 0.63% |
Performance0 of 100
| Odds Of DistressLess than 5
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Open Text is selling at 48.18 as of the 20th of April 2024; that is 0.63 percent up since the beginning of the trading day. The stock's open price was 47.88. Open Text has under 5 % chance of experiencing financial distress over the next 2 years, but 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 May 2022 and ending today, the 20th of April 2024. Click here to learn more.
Business Domain Software & Services | 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 Canada and is traded on Toronto Stock Exchange. The company has 267.64 M outstanding shares of which 1.81 M shares are now shorted by private and institutional investors with about 2.54 days to cover all short positions. More on Open Text Corp
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Follow Valuation Profit Patterns Odds of Bankruptcy
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Open Stock Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Open Text's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Open Text or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
ESG Sustainability
Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary, Open Text's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Open Text's managers, analysts, and investors.
Environment Score | Governance Score | Social Score |
| Chairman | Thomas Jenkins | ||||
| Business Concentration | Application Software, Software - Application, Information Technology, Information Technology, Software, Software—Application, Technology (View all Sectors) | ||||
Open Text's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Open Text's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit. | |||||
Financial leverage usually refers to 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.
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Open Text Corp (OTEX) is traded on Toronto Exchange in Canada and employs 23,600 people. Open Text is listed under Application Software category by Fama And French industry classification. The company currently falls under 'Large-Cap' category with a current market capitalization of 12.81 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 Text Corp operates under Software sector and is part of Information Technology industry. The entity has 267.64 M outstanding shares of which 1.81 M shares are now shorted by private and institutional investors with about 2.54 days to cover all short positions.
Open Text Corp has accumulated about 1.23 B in cash with 779.21 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 AllocationOpen Text Corp has a total of 267.64 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. Note that regardless of who owns the company, if the true value of the entity is less than the market is willing to pay for it, you may not be able to generate positive returns over time.
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Open Stock Price Odds Analysis
Contingent on a normal probability distribution, the odds of Open Text jumping above the current price in 90 days from now is over 95.9%. The Open Text Corp probability density function shows the probability of Open Text stock to fall within a particular range of prices over 90 days. Assuming the 90 days trading horizon the stock has a beta coefficient of 1.2533. This indicates as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Open Text will likely underperform. Additionally, open Text Corp has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite.
Based on a normal probability distribution, the odds of Open Text to move above the current price in 90 days from now is over 95.9 (This Open Text Corp probability density function shows the probability of Open Stock to fall within a particular range of prices over 90 days) .
Open Text Corp Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. Open Text market risk premium is the additional return an investor will receive from holding Open Text long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Open Text. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although Open Text's alpha and beta are two of the key measurements used to evaluate Open Text's performance over the market, the standard measures of volatility play an important role as well.
| Mean Deviation | 1.18 | |||
| Standard Deviation | 1.51 | |||
| Variance | 2.27 | |||
| Risk Adjusted Performance | (0.05) |
Open Stock Against Markets
Picking the right benchmark for Open Text stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Open Text stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Open Text is critical whether you are bullish or bearish towards Open Text Corp at a given time. Please also check how Open Text's historical prices are related to one of the top price index indicators.
Be your own money manager
Our tools can tell you how much better you can do entering a position in Open Text without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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Open Text Corporate Directors
Open Text corporate directors refer to members of an Open Text board of directors. The board of directors generally takes responsibility for the Open Text's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Open Text's board members must vote for the resolution. The Open Text board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| Brian Jackman | Independent Director | Profile | |
| Stephen Sadler | Director | Profile | |
| Carl Tinggren | Independent Director | Profile | |
| Katharine Stevenson | Independent Director | Profile |
How to buy Open Stock?
Before investing in Open Text, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Open Text. To buy Open Text stock, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Open Text. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase Open Text stock. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Open Text Corp stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased Open Text Corp stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Open Text Corp, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy Open Stock please use our How to Invest in Open Text guide.
Already Invested in Open Text Corp?
The danger of trading Open Text Corp is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Open Text is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Open Text. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Open Text Corp is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Open Text Corp offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Open Text's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Open Text Corp Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Open Text Corp Stock: 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 board of governors. You can also try the Stocks Directory module to find actively traded stocks across global markets.
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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