How to Buy Open Text Stock
Open Text Corp
Open Text Corporation engages in the designs, develops, markets, and sells information management software and solutions.
Open Text stock last closed at $24.89, down 2.43% from the previous day, and has decreased 29.79% in one year. It has underperformed other stocks in the Software - Application industry by 0.14 percentage points. Open Text stock is currently +9.21% from its 52-week low of $22.79, and -31.6% from its 52-week high of $36.39.
There are currently 264M OTEX shares outstanding. The market value of OTEX is $6.57B. In the last 24 hours, 1.34M OTEX shares were traded.
How to Buy Open Text Stock
Wondering how to invest in Open Text stock? Here's how.
- Figure out where to buy Open Text stock: You need to decide on a stock brokerage, but don't worry - we've sifted through dozens of online stock brokerages and apps to help you figure out where to buy Open Text stock.
- Create a brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've identified.
- Fund your investment account: Choose your payment method and add your details.
- Evaluate Open Text stock: The Open Text ticker symbol is OTEX. Is Open Text stock a good investment? Should you buy shares of OTEX? How do OTEX's underlying business fundamentals look? Do top analysts think Open Text is a good buy? Why has OTEX's stock price moved recently? (Hint: Our stock market research website can help you understand if OTEX is a good stock to buy).
- Place your OTEX trade: Decide if you will purchase OTEX shares at the current market price or use a limit order to purchase OTEX stock at a particular price.
- Get the latest news on your OTEX investment: Create a watchlist to track your new investment in Open Text stock.
Step 1: Figure out where to buy Open Text stock
You will need a brokerage account to access the NASDAQ market and buy OTEX shares.
Our preferred brokerage: eToro
Based on our research, eToro is the best online stock brokerage. eToro gives you:
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- Social investing: eToro offers a community with more than 20 million users globally. Talk to, learn from, and copy the unique crypto portfolios of top investors.
- Security: eToro is a regulated and licensed fintech leader.
- Buy other assets: Such as ETFs and cryptocurrencies.
Get $10 towards your stock purchase by signing up for an account with eToro today. This offer is only for US users.
Open eToro AccountStep 2: Create a brokerage account
Now that you've selected the best brokerage, you need to fill out some personal info so you are able to buy OTEX stock today.
How to Set Up a New Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Provide your personal details to create your new brokerage account.
- Submit your application by pressing the "Create Account" button. Get started with eToro today
Step 3: Fund your investment account
Now that you have created your account on stock market apps, you can securely and quickly fund your account:
Check out the tutorial below to see the process of depositing money into your investment account.
Step 4: Evaluate Open Text stock
Once you have chosen the best place to buy Open Text stock, it's absolutely critical to analyze their stock before you invest, so you actually wrap your head around the risk as well as the opportunity.
Open Text shares data
OTEX Overview
WallStreetZen was built to help part-time investors perform more accurate fundamental analysis quickly.
You can view all of the due diligence checks on OTEX's stock page.
Is OTEX stock undervalued?
Investors use many financial metrics, analyses, models, and charts to gauge OTEX's fair value.
Using relative valuations methods:
- OTEX may be undervalued based on its P/E ratio of 10.12x, relative to Software - Application industry P/E ratio of 107.02x
- OTEX may be undervalued based on its P/B ratio of 1.55x, relative to Software - Application industry P/B ratio of 6.17x
- OTEX could be undervalued based on its PEG ratio of 0.45x
You can access additional valuation research on OTEX's stock here.
OTEX Financial Summary
Positive Health Checks:
- OTEX profit margin has gone up from 2.2% to 12.2% in the past year.
Negative Health Checks:
- OTEX's operating cash flow of $840.10M allows it to safely service it's debt of $6.66B.
- There are more long-term liabilities than short-term assets on the OTEX balance sheet.
- OTEX has a relatively high debt to equity ratio of 2.25.
- OTEX earnings of $1.36B is not sufficient to cover its interest payments.
- There are more short-term liabilities than short-term assets on the OTEX balance sheet.
- Total OTEX debt is higher than 5 years ago, relative to shareholder equity.
Is it a good time to buy Open Text stock, according to analysts?
Out of 5 Equities analysts who research OTEX, the consensus analyst rating on Open Text is a Hold
It's important to note that analyst forecasts are not recommendations, nor are they investment advice.
Most Recent OTEX Analyst Upgrades/Downgrades
Kevin Krishnaratne, a bottom 16% analyst from ScotiaBank maintains OTEX with a hold rating and lowers their OTEX price target from $40.00 to $35.00, on Nov 1, 2024.
You can dig deeper into what analysts are projecting on the Open Text stock forecast page.
Metrics for Advanced OTEX Traders
Is OTEX Growing Revenue?
Last year, OTEX earnings were $660.74M. During the last 5 year, OTEX's earnings have grown by 15.25% per year. This was slower than the Software - Application industry average of 74.23%.
Last year, OTEX revenue was $5.41B. In the last five year, OTEX's revenue has increased by 13.02% per year. This was slower than the Software - Application industry average of 21.43%.
You can analyze OTEX's earnings and revenue performance here.
What are OTEX insiders up to?
Over the last 12 months, insiders at OTEX have not bought or sold any shares.
Dig into more about who owns OTEX shares here.
Does OTEX provide a stable income stream?
Open Text pays a dividend of 4.17%, compared to the Software - Application industry's average dividend yield of 2.46%. If you owned $1,000 worth of OTEX stock, you would have been paid $41.68 last year.
Open Text dividend payments have consistently grown over the past decade and have remained stable.
Get more data about Open Text dividend yield and history here.
OTEX Social Trading Data
One of the biggest reasons eToro is our top-rated brokerage is because of its social trading community.
Click below to see what other traders have to say.
Step 5: Place your OTEX trade
There are two main order types:
- Market order: A market order is an order to buy or sell a stock at the best price on the market.
Market orders are mostly sufficient. - Limit order: A limit order allows you to buy or sell a security at a specific price (or better).
If you want to be sure you're buying or selling at an exact price limit, place a limit order.
Hit the Open Trade button and your broker will place the order.
If you need more assistance investing in stocks on eToro, click the how to video below:
Step 6: Get the latest news on your OTEX investment
Now that you own some OTEX shares, you'll want to keep up with your investment.
Add OTEX to a watchlist to get the latest updates about your OTEX stock.
OTEX Feed
How to Buy Stock in Open Text
To reiterate, here are the 6 steps to buy Open Text stock:
- Figure out where to buy Open Text stock
- Create a brokerage account
- Fund your investment account
- Evaluate Open Text stock
- Place your OTEX trade
- Get the latest news on your OTEX investment
If you need a brokerage account, eToro is our recommended venue.
Get Started with eToro TodayIf you would like to get the latest scoop on your new investment in Open Text, create a watchlist today.
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