During the last session, Oracle Corp. (NYSE:ORCL)’s traded shares were 7.98 million, with the beta value of the company hitting 1.00. At the end of the trading day, the stock’s price was $141.29, reflecting an intraday gain of 1.34% or $1.87. The 52-week high for the ORCL share is $146.59, that puts it down -3.75 from that peak though still a striking 29.75% gain since the share price plummeted to a 52-week low of $99.26. The company’s market capitalization is $389.38B, and the average intraday trading volume over the past 10 days was 4.0 million shares, and the average trade volume was 8.20 million shares over the past three months.
Oracle Corp. (ORCL) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 2.03. ORCL has a Sell rating from 0 analyst(s) out of 28 analysts who have looked at this stock. 8 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 20 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be 1.2.
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Oracle Corp. (NYSE:ORCL) trade information
Oracle Corp. (ORCL) registered a 1.34% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 1.34% in intraday trading to $141.29, hitting a weekly high. The stock’s 5-day price performance is 1.51%, and it has moved by 2.75% in 30 days. Based on these gigs, the overall price performance for the year is 16.65%. The short interest in Oracle Corp. (NYSE:ORCL) is 18.67 million shares and it means that shorts have 2.8 day(s) to cover.
The consensus price target of analysts on Wall Street is $132.5, which implies a decrease of -6.63% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $90 and $170 respectively. As a result, ORCL is trading at a discount of -20.32% off the target high and 36.3% off the low.
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 24.18% during the last six months, with a year-to-date growth rate less than the industry average at 11.33% against 11.50. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to grow 0.80% this quarter and then jump 8.10% in the quarter after that. In the rating firms’ projections, revenue will increase 8.00% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 11.95B as predicted by 22 analyst(s). Meanwhile, a consensus of 22 analyst(s) estimates revenue growth to 12.7B by the end of current fiscal year.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 4.54%. While earnings are projected to return 12.50% in 2024, the next five years will return 10.61% per annum.
ORCL Dividends
Oracle Corp. is due to release its next quarterly earnings on 2024-Sep-09. 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 1.13 percent, continuing the trend of increasing dividends in recent years. The average dividend yield of the company for the last 5 years is 1.52%.
Oracle Corp. (NYSE:ORCL)’s Major holders
Oracle Corp. insiders own 41.84% of total outstanding shares while institutional holders control 44.55%, with the float percentage being 76.61%. VANGUARD GROUP INC is the largest shareholder of the company, while 3650.0 institutions own stock in it. As of 2024-06-30, the company held over 153.15 million shares (or 5.5631% of all shares), a total value of $21.63 billion in shares.
The next largest institutional holding, with 128.6 million shares, is of BLACKROCK INC.’s that is approximately 4.6714% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $18.16 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 Mar 31, 2024 indicates that Vanguard Total Stock Market Index Fund owns about 51.83 shares. This amounts to just over 1.88 percent of the company’s overall shares, with a $7.32 billion market value. The same data shows that the other fund manager holds slightly less at 40.91, or about 1.48% of the stock, which is worth about $5.78 billion.
