Oracle Corp. (NYSE:ORCL) does about 9.02M shares in volume on a normal day but saw 6078179 shares change hands in Monday trading. The company now has a market cap of 341.78B USD. Its current market price is $124.35, marking a decrease of -0.44% compared to the previous close of $124.90. The 52 week high reached by this stock is $132.77 whilst the lowest price level in 52 weeks is $93.20.
Oracle Corp. (ORCL) has a 20-day trading average at $125.71 and the current price is -6.34% off the 52-week high compared with 33.42% distance from its 52-week low. The 50-day simple moving average of the closing price is $118.26 and its 200-day simple moving average is $113.63. If we look at the stock’s price movements over the week, volatility stands at 1.78%, which increases to 2.04% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 55.05 to suggest the stock is neutral.
The consensus objective for the share price is $139.55, suggesting that the stock has a potential upside of 10.89% over the period.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on March 21, 2024 when KeyBanc Capital Markets initiated the stock to “Overweight” and issued a price target of $150.
Oracle Corp. (ORCL) stock is down -0.90% over the week and 8.56% over the past month. Its price is 17.95% year-to-date and 31.05% over the past year.
The stock last released its quarterly earnings report for quarter ended 2/28/2024, with the company’s earnings per share (EPS) of $1.41 above consensus estimates by $0.04. ORCL’s earnings per share are forecast to grow by 9.20% this year and 11.40% over next year. Expected sales for next quarter are $13.39 billion, which analysts say will come at $53.25 billion for the current fiscal year and next year at $57.7 billion. In addition, estimates put the company’s current quarterly revenue at an average of $14.56 billion.
To reach the target analysts have set, the stock logically needs to grow 10.89 percent from here.
Outstanding shares total 2.71B with insiders holding 41.96% of the shares and institutional holders owning 43.92% of the company’s common stock. The company has a return on investment of 12.08% and return on equity of 664.77%. The price to earnings ratio (P/E ratio) amounts to 32.86 while the forward price to earnings ratio is 20.19. The beta has a value of 1.01. Price to book ratio is 60.75 and price to sales ratio is 6.51.
