During the recent session, Oracle Corp. (NYSE:ORCL)’s traded shares were 3.75 million, with the beta value of the company hitting 0.99. At the last check today, the stock’s price was $125.21, reflecting an intraday loss of -0.26% or -$0.32. The 52-week high for the ORCL share is $129.37, that puts it down -3.32 from that peak though still a striking 34.45% gain since the share price plummeted to a 52-week low of $82.08. The company’s market capitalization is $344.13B, and the average intraday trading volume over the past 10 days was 14.09 million shares, and the average trade volume was 9.19 million shares over the past three months.
Oracle Corp. (NYSE:ORCL) trade information
Oracle Corp. (ORCL) registered a -0.26% downside in the last session and has traded in the green over the past 5 sessions. The stock plummet -0.26% in intraday trading to $125.21, hitting a weekly high. The stock’s 5-day price performance is 11.37%, and it has moved by 9.58% in 30 days. Based on these gigs, the overall price performance for the year is 50.89%. The short interest in Oracle Corp. (NYSE:ORCL) is 14.37 million shares and it means that shorts have 1.94 day(s) to cover.
Oracle Corp. (ORCL) estimates and forecasts
Statistics show that Oracle Corp. has underperformed its competitors in share price, compared to the industry in which it operates. Oracle Corp. (ORCL) shares have gone up 10.16% during the last six months, with a year-to-date growth rate less than the industry average at 8.98% against 13.10. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to shrink -1.20% this quarter and then jump 10.10% in the quarter after that. In the rating firms’ projections, revenue will increase 6.60% compared to the previous financial year.
Revenue for the current quarter is expected to be $14.56 billion as predicted by 21 analyst(s). Meanwhile, a consensus of 17 analyst(s) estimates revenue growth to $13.39 billion by the end of Aug 2024.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 29.43%. While earnings are projected to return 9.16% in 2024, the next five years will return 10.63% per annum.
ORCL Dividends
Oracle Corp. is due to release its next quarterly earnings between June 10 and June 14. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance. Investors should also take the other fundamental and operational aspects into account before investing in the stock. The forward dividend ratio for Oracle Corp. is 1.60, with the dividend yield indicating at 1.28 percent, continuing the trend of increasing dividends in recent years.
Oracle Corp. (NYSE:ORCL)’s Major holders
Oracle Corp. insiders own 41.96% of total outstanding shares while institutional holders control 43.94%, with the float percentage being 75.71%. Vanguard Group Inc is the largest shareholder of the company, while 3,357 institutions own stock in it. As of Jun 29, 2023, the company held over 139.39 million shares (or 5.09% of all shares), a total value of $16.6 billion in shares.
The next largest institutional holding, with 120.63 million shares, is of Blackrock Inc.’s that is approximately 4.40% of outstanding shares. At the market price on Jun 29, 2023, these shares were valued at $14.37 billion.
Also, the Mutual Funds coming in first place with the largest holdings of Oracle Corp. (ORCL) shares are Vanguard Total Stock Market Index Fund and Vanguard 500 Index Fund. Data provided on Jun 29, 2023 indicates that Vanguard Total Stock Market Index Fund owns about 46.3 million shares. This amounts to just over 1.69 percent of the company’s overall shares, with a $5.51 billion market value. The same data shows that the other fund manager holds slightly less at 36.64 million, or about 1.34% of the stock, which is worth about $4.36 billion.
