Open Text Corp (NASDAQ: OTEX) stock closed at $30.00 on 10/31/24 after a major decline of -11.2%. Moreover, trading volume in this decline was exceptionally high at 268% of normal. The stock has been weak relative to the market over the last nine months and has declined -8.6% during the last week.
Current PriceTarget Research Rating
OTEX is expected to continue to be a major Value Builder reflecting capital returns that are forecasted to be above the cost of capital.
Open Text has a current Value Trend Rating of C (Neutral). The Value Trend Rating reflects contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Open Text has a good Appreciation Score of 70 but a slightly negative Power Rating of 38, with the Neutral Value Trend Rating the result.
Rating Review
In light of this highly negative price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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