In the last trading session, 10.04 million shares of the Oracle Corporation (NYSE:ORCL) were traded, and its beta was 0.98. Most recently the company’s share price was $98.54, and it changed around -$3.23 or -3.17% from the last close, which brings the market valuation of the company to $264.75B. ORCL currently trades at a discount to its 52-week high of $103.10, offering almost -4.63% off that amount. The share price’s 52-week low was $60.78, which indicates that the current value has risen by an impressive 38.32% since then. We note from Oracle Corporation’s average daily trading volume that its 10-day average is 7.14 million shares, with the 3-month average coming to 7.34 million.
Oracle Corporation stock received a consensus recommendation rating of an Overweight, based on a mean score of 2.60. If we narrow it down even further, the data shows that 1 out of 31 analysts rate the stock as a Sell; another 1 rate it as Overweight. Among the rest, 15 recommended ORCL as a Hold, whereas 12 deemed it a Buy, and 2 rated it as Underweight. Oracle Corporation is expected to report earnings per share of $1.58 for the current quarter.
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Oracle Corporation (NYSE:ORCL) trade information
Instantly ORCL has showed a red trend with a performance of -3.17% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of 103.10 on Tuesday, 05/23/23 increased the stock’s daily price by 4.42%. The company’s shares are currently up 20.55% year-to-date, but still up 0.30% over the last five days. On the other hand, Oracle Corporation (NYSE:ORCL) is 3.25% up in the 30-day period. We can see from the shorts that 14.58 million shares have been sold at a short interest cover period of 2.12 day(s).
The consensus price target as assigned by Wall Street analysts is $99.82, which translates to bulls needing to increase their stock price by 1.28% from its current value. Analyst projections state that ORCL is forecast to be at a low of $75.00 and a high of $125.00. In order for the stock price to hit the forecast high, the stock would need to plunge -26.85% from its current level, while the stock would need to crash 23.89% from its current level to reach the projected low.
Oracle Corporation (ORCL) estimates and forecasts
Oracle Corporation share prices are performing particularly well not compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 23.59 percent over the past six months and at a 2.86% annual growth rate that is well below the industry average of 13.20%. Moreover, analysts have decided to roll up on their fiscal year 2023 revenue estimates. The rating firms predict that it will gain 2.60% in revenue this quarter, and will report an increase of 11.70% in the next quarter. The year-over-year growth rate is expected to be 17.40%, up from the previous year.
Consensus estimates provided by 21 financial analysts predict the company will bring in an average of $13.72 billion in revenue for the current quarter. 19 analysts expect Oracle Corporation to make $12.32 billion in revenue for the quarter ending Aug 2023. The company’s sales for the same quarters a year ago were $11.84 billion and $11.45 billion respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 15.90%. Forecasts for the next quarter put sales growth at 7.70%.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 1.50%. Oracle Corporation earnings are expected to increase by -47.00% in 2023, but the outlook is positive 9.06% per year for the next five years.
Oracle Corporation’s next quarterly earnings report is expected to be released around June 12 and June 16. The annual dividend yield of the stock is 1.62 percent and its annual dividend per share was 1.60. It is important to note, however, that the 1.62% dividend yield ratio should be regarded as a guide only, as many other factors should be taken into consideration before making any investment decision.
Oracle Corporation (NYSE:ORCL)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 42.71% of Oracle Corporation shares, and 43.57% of them are in the hands of institutional investors. The stock currently has a share float of 76.06%. Oracle Corporation stock is held by 2,906 institutions, with Vanguard Group, Inc. (The) being the largest institutional investor. By Mar 30, 2023, it held 5.11% of the shares, which is about 138.09 million shares worth $13.61 billion.
Blackrock Inc., with 4.34% or 117.13 million shares worth $11.54 billion as of Mar 30, 2023, holds the second largest percentage of outstanding shares.
Vanguard Total Stock Market Index Fund and Vanguard 500 Index Fund were the top two Mutual Funds as of Dec 30, 2022. The former held 45.08 million shares worth $4.44 billion, making up 1.67% of all outstanding shares. On the other hand, Vanguard 500 Index Fund held roughly 35.53 million shares worth around $3.5 billion, which represents about 1.32% of the total shares outstanding.