Oracle Corp. (NYSE:ORCL) has a beta value of 1.01 and has seen 0.78 million shares traded in the recent trading session. The company, currently valued at $336.91B, closed the recent trade at $122.58 per share which meant it lost -$1.77 on the day or -1.42% during that session. The ORCL stock price is -8.31% off its 52-week high price of $132.77 and 23.97% above the 52-week low of $93.20. If we look at the company’s 10-day average daily trading volume, we find that it stood at 6.42 million shares traded. The 3-month trading volume is 9.00 million shares.
Oracle Corp. (NYSE:ORCL) trade information
Sporting -1.42% in the red today, the stock has traded in the red over the last five days, when the ORCL stock price touched $122.58 or saw a rise of 4.23%. Year-to-date, Oracle Corp. shares have moved 16.27%, while the 5-day performance has seen it change -1.42%. Over the past 30 days, the shares of Oracle Corp. (NYSE:ORCL) have changed 9.04%. Short interest in the company has seen 16.81 million shares shorted with days to cover at 1.46.
Oracle Corp. (ORCL) estimates and forecasts
Figures show that Oracle Corp. shares have underperformed across the wider relevant industry. The company’s shares have gained 11.48% over the past 6 months, with this year growth rate of 8.98%, compared to 14.90% for the industry. Other than that, the company has, however, increased its growth outlook for the 2024 fiscal year revenue. Growth estimates for the current quarter are -1.20% and 10.10% for the next quarter. Revenue growth from the last financial year stood is estimated to be 6.60%.
21 analysts offering their estimates for the company have set an average revenue estimate of $14.56 billion for the current quarter. 17 have an estimated revenue figure of $13.39 billion for the next quarter concluding in Aug 2024.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 29.43% over the past 5 years. Earnings growth for 2024 is a modest 9.14% while over the next 5 years, the company’s earnings are expected to increase by 11.06%.
ORCL Dividends
Oracle Corp. is expected to release its next earnings report between June 10 and June 14 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 1.60 at a share yield of 1.31%. The company’s dividend yield has gone up over the past 12 months.
Oracle Corp. (NYSE:ORCL)’s Major holders
Insiders own 41.96% of the company shares, while shares held by institutions stand at 43.92% with a share float percentage of 75.68%. Investors are also buoyed by the number of investors in a company, with Oracle Corp. having a total of 3,338 institutions that hold shares in the company. The top two institutional holders are Vanguard Group Inc with over 149.7 million shares worth more than $18.33 billion. As of Dec 30, 2023, Vanguard Group Inc held 5.45% of shares outstanding.
The other major institutional holder is Blackrock Inc., with the holding of over 122.44 million shares as of Dec 30, 2023. The firm’s total holdings are worth over $14.99 billion and represent 4.45% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and Vanguard 500 Index Fund. As of Dec 30, 2023, the former fund manager holds about 1.88% shares in the company for having 51.58 million shares of worth $6.32 billion while later fund manager owns 38.81 million shares of worth $4.75 billion as of Dec 30, 2023, which makes it owner of about 1.41% of company’s outstanding stock.
