Oracle Corp. (NYSE:ORCL) has a beta value of 1.01 and has seen 5.9 million shares traded in the last trading session. The company, currently valued at $381.85B, closed the last trade at $138.56 per share which meant it gained $0.53 on the day or 0.38% during that session. The ORCL stock price is -5.8% off its 52-week high price of $146.59 and 28.36% above the 52-week low of $99.26. If we look at the company’s 10-day average daily trading volume, we find that it stood at 7.88 million shares traded. The 3-month trading volume is 8.57 million shares.
The consensus among analysts is that Oracle Corp. (ORCL) is Buy stock at the moment, with a recommendation rating of 2.03. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 7 out of 24 have rated it as a Hold, with 17 advising it as a Buy. 0 have rated the stock as Underweight.
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Oracle Corp. (NYSE:ORCL) trade information
Sporting 0.38% in the green in last session, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the ORCL stock price touched $138.56 or saw a rise of 5.48%. Year-to-date, Oracle Corp. shares have moved 31.42%, while the 5-day performance has seen it change -4.29%. Over the past 30 days, the shares of Oracle Corp. (NYSE:ORCL) have changed -4.20%. Short interest in the company has seen 13.29 million shares shorted with days to cover at 1.12.
Wall Street analysts have a consensus price target for the stock at $132.5, which means that the shares’ value could drop -4.57% from current levels. The projected low price target is $90 while the price target rests at a high of $170. In that case, then, we find that the current price level is -22.69% off the targeted high while a plunge would see the stock lose 35.05% from current levels.
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 27.47% over the past 6 months, with this year growth rate of 11.15%, compared to 14.20% for the industry.
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 4.54% over the past 5 years. Earnings growth for 2024 is a modest 12.46% while over the next 5 years, the company’s earnings are expected to increase by 10.61%.
ORCL Dividends
Oracle Corp. is expected to release its next earnings report in August 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 1.15%. The company’s dividend yield has gone up over the past 12 months, with a 5 Year Average Dividend Yield of 1.53%.
Oracle Corp. (NYSE:ORCL)’s Major holders
The top two institutional holders are VANGUARD GROUP INC with over 151.21 million shares worth more than $18.99 billion. As of 2024-03-31, VANGUARD GROUP INC held 5.5027% of shares outstanding.
The other major institutional holder is BLACKROCK INC., with the holding of over 124.09 million shares as of 2024-03-31. The firm’s total holdings are worth over $15.59 billion and represent 4.5156% of shares outstanding.
