It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. After-hours trades for Open Text Corporation (OTEX) shows that investor sentiment remained same, with the stock’s consolidated last price remained same to $35.26. The Open Text Corporation has recorded 6,005 volume in the after hours trading session. Most recently, Yahoo Finance reported about the stock as it publicized that OpenText Collaborates with Bayer to Simplify Digital Operations.
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Open Text Corporation is listed on the NASDAQ in the Technology sector while operating in the Software – Application industry. At the end of the last regular session, the stock closed at $35.26 and fluctuated between $35.78 as its day high and $35.20 as its day low. The current market capitalization of Open Text Corporation is $9.26B. A total of 0.59 million shares were traded on the day, compared to an average of 649.50K shares.
The reasons why investors prefer dividend-paying companies are that dividends generate immediate cash flow and indicate that the company will perform well in the future. Open Text Corporation pays an annual dividend of $0.97, resulting in a dividend yield of 2.76%, and it has a price to earnings (P/E) ratio of 29.96. OTEX’s most recent ex-dividend date was 3/2/2023 when it declared a $0.2430 quarterly dividend that was paid in cash on 3/23/2023. Previously, the company paid the dividend on 12/22/2022 with an ex-dividend date of 12/1/2022. The OTEX stock dividend was $0.2430 per share in cash.
Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. According to analysts who have offered 12-month price targets for OTEX in the last 3 months, the mean price target is $44.89 with high estimates of $60.00 and low estimates of $35.00. In terms of 52-week highs and lows, OTEX has a high of $44.10 and a low of $24.91.
As of this writing, OTEX has an earnings estimate of $0.64 per share for the current quarter. EPS was calculated based on a consensus of 6 estimates, with a high estimate of $0.7 per share and a lower estimate of $0.56. The company reported an EPS of $1.04 in the last quarter, which was 1.00% higher than expectations of $1.03.
Balance Sheet Annually/Quarterly
As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future prospects by calculating its financial ratios based on this information.
After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Currently, 10 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for OTEX is Hold with a score of 4.17. A total of 6 analysts rated the stock as Buy while 1 rated it as Overweight while 3 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 0 thought it should be Sold.