In the latest trading session, 3.52 million Oracle Corporation (NYSE:ORCL) shares changed hands as the company’s beta touched 0.79. With the company’s most recent per share price at $78.70 changing hands around $0.71 or 0.91% at last look, the market valuation stands at $228.81B. ORCL’s current price is a discount, trading about -8.04% off its 52-week high of $85.03. The share price had its 52-week low at $53.54, which suggests the last value was 31.97% up since then. When we look at Oracle Corporation’s average trading volume, we note the 10-day average is 18.38 million shares, with the 3-month average coming to 12.68 million.
Analysts gave the Oracle Corporation (ORCL) stock a consensus recommendation rating of a Hold, calculated at a mean rating of 2.80. If we narrow down to specifics, the data shows that 2 out of 28 analysts rate the stock as a Sell, with a further 1 assigning it an Overweight rating. Of the remaining, 19 recommended ORCL as a Hold, 5 felt it is a Buy and 1 rated the stock as Underweight. Oracle Corporation’s EPS for the current quarter is expected to be $0.97.
Oracle Corporation (NYSE:ORCL) trade information
Instantly ORCL is in green as seen in intraday trades today. With action -5.60%, the performance over the past five days has been red. The jump to weekly highs of 78.99 on Monday, 06/21/21 added 0.91% to the stock’s daily price. The company’s shares are showing year-to-date upside of 20.56%, with the 5-day performance at -5.60% in the red. However, in the 30-day time frame, Oracle Corporation (NYSE:ORCL) is -0.93% down. Looking at the short shares, we see there were 32.2 million shares sold at short interest cover period of 3.11 days.
The consensus price target for the stock as assigned by Wall Street analysts is $81.35, meaning bulls need an upside of 3.26% from its recent market value. According to analyst projections, ORCL’s forecast low is $60.00 with $115.00 as the target high. To hit the forecast high, the stock’s price needs a -46.12% plunge from its current level, while the stock would need to tank 23.76% for it to hit the projected low.
Oracle Corporation (ORCL) estimates and forecasts
Data shows that the Oracle Corporation share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 22.61% over the past 6 months, a -0.21% in annual growth rate that is considerably lower than the industry average of 3.40%. Moreover, analysts have looked to higher expectations by upgrading its fiscal year 2021 revenue estimates. The rating firms predict current quarter revenue for Oracle Corporation will rise 4.30%, while the growth in revenue is estimated to hit 2.80% for the next quarter. Year-over-year growth is forecast to reach 4.40% up from the last financial year.
Consensus estimates given by 17 financial analysts project the company’s revenue in the current quarter to hit an average of $9.77 billion. 17 analysts are of the opinion that Oracle Corporation’s revenue for the quarter ending Nov 2021 will be $10.25 billion.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 6.90%. The 2021 estimates are for Oracle Corporation earnings to increase by 7.40%, but the outlook for the next 5-year period is at 10.60% per year.
Oracle Corporation is expected to release its next quarterly earnings report in July. The 1.64% annual yield figure for the share gives it an annual dividend of 1.28. It is important to note, however, that the 1.64% dividend yield ratio should serve as a guide only, as you should also take into consideration many other aspects of a company’s operations and fundamentals before making any investment decision. During the past 5 years, the average dividend yield was 1.55 per year.
Oracle Corporation (NYSE:ORCL)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 39.73% of Oracle Corporation shares while 47.44% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 78.72%. There are 47.44% institutions holding the Oracle Corporation stock share, with Vanguard Group, Inc. (The) the top institutional holder. As of Mar 30, 2021, the company held 5.63% of the shares, roughly 162.24 million ORCL shares worth $11.38 billion.
Blackrock Inc. holds the second largest percentage of outstanding shares, with 4.47% or 128.82 million shares worth $9.04 billion as of Mar 30, 2021.
Among Mutual Funds, the top two as of Mar 30, 2021 were Vanguard Total Stock Market Index Fund and Vanguard 500 Index Fund. With 49.8 million shares estimated at $3.49 billion under it, the former controlled 1.73% of total outstanding shares. On the other hand, Vanguard 500 Index Fund held about 1.32% of the shares, roughly 37.98 million shares worth around $2.67 billion.