Can Buying Oracle Corp. (NYSE: ORCL) Still Be Worthwhile?

Oracle Corp. (NYSE:ORCL) does about 8.26M shares in volume on a normal day but saw 8523554 shares change hands in Monday trading. The company now has a market cap of 399.68B USD. Its current market price is $145.03, marking an increase of 0.14% compared to the previous close of $144.83. The 52 week high reached by this stock is $145.79 whilst the lowest price level in 52 weeks is $99.26.

Oracle Corp. (ORCL) has a 20-day trading average at $139.12 and the current price is -0.52% off the 52-week high compared with 46.11% distance from its 52-week low. The 50-day simple moving average of the closing price is $127.41 and its 200-day simple moving average is $116.31. If we look at the stock’s price movements over the week, volatility stands at 1.31%, which increases to 2.10% 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 71.15 to suggest the stock is overbought.

The consensus objective for the share price is $150.92, suggesting that the stock has a potential upside of 3.9% over the period.

The company shares received a number of brokerage firm price updates over the past month, with the latest being on June 17, 2024 when BMO Capital Markets reiterated the stock to “Market Perform” and issued a price target of between $142 and $160. KeyBanc Capital Markets initiated its price target at $150.

Oracle Corp. (ORCL) stock is up 2.71% over the week and 18.27% over the past month. Its price is 37.56% year-to-date and 25.62% over the past year.

To reach the target analysts have set, the stock logically needs to grow 3.9 percent from here.

The company has a return on investment of 11.47% and return on equity of 214.11%. The price to earnings ratio (P/E ratio) amounts to 39.13 while the forward price to earnings ratio is 20.16. The beta has a value of 1.01. Price to book ratio is 45.91 and price to sales ratio is 7.55.