In recent trading session, Oracle Corp. (NYSE:ORCL) saw 1.3 million shares changing hands at last check today with its beta currently measuring 0.99. Company’s recent per share price level of $141.85 trading at -$0.76 or -0.53% at last check today assigns it a market valuation of $390.93B. That most recent trading price of ORCL’s stock is at a discount of -3.34% from its 52-week high price of $146.59 and is indicating a premium of 30.02% from its 52-week low price of $99.26. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 5.37 million shares which gives us an average trading volume of 8.11 million if we extend that period to 3-months.
For Oracle Corp. (ORCL), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 2.03. Splitting up the data highlights that, out of 28 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 8 suggested the stock as a Hold whereas 20 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of 1.32 in the current quarter.
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Oracle Corp. (NYSE:ORCL) trade information
Upright in the red during last session for losing -0.53%, in the last five days ORCL remained trading in the green while hitting it’s week-highest on Friday, 09/06/24 when the stock touched $141.85 price level, adding 1.45% to its value on the day. Oracle Corp.’s shares saw a change of 34.55% in year-to-date performance and have moved 1.75% in past 5-day. Oracle Corp. (NYSE:ORCL) showed a performance of 12.67% in past 30-days. Number of shares sold short was 18.67 million shares which calculate 2.8 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 135 to the stock, which implies a fall of -5.07% to its recent value today. Analysts have been projecting 90 as a low price target for the stock while placing it at a high target of 171. It follows that stock’s current price would jump 36.55% in reaching the projected high whereas dropping to the targeted low would mean a gain of 36.55% for stock’s current value.
Oracle Corp. (ORCL) estimates and forecasts
Statistics highlight that Oracle Corp. is scoring comparatively lower than the scores of other players of the relevant industry. The company added 23.85% of value to its shares in past 6 months, showing an annual growth rate of 11.33% while that of industry is 11.40. Apart from that, the company came raising its revenue forecast for fiscal year 2024. This year revenue growth is estimated to rise 19.60% from the last financial year’s standing.
22 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 13.24B for the same. And 22 analysts are in estimates of company making revenue of 14.07B in the next quarter.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 4.54% during past 5 years. In 2024, company’s earnings growth rate is likely to be around 12.55% while estimates for its earnings growth in next 5 years are of 10.61%.
ORCL Dividends
Oracle Corp. is more likely to be releasing its next quarterly report on 2024-Sep-09 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt. With an annual yield of 1.13%, the share has a forward dividend of 1.60 which implies that company’s dividend yield remained growing in trailing twelve months while having a 5 year average dividend yield of 1.51%.
Oracle Corp. (NYSE:ORCL)’s Major holders
Insiders are in possession of 41.84% of company’s total shares while institution are holding 44.57 percent of that, with stock having share float percentage of 76.64%. Investors also watch the number of corporate investors in a company very closely, which is 44.57% institutions for Oracle Corp. that are currently holding shares of the company. VANGUARD GROUP INC is the top institutional holder at ORCL for having 153.15 million shares of worth $21.63 billion. And as of 2024-06-30, it was holding 5.5631 of the company’s outstanding shares.
The second largest institutional holder is BLACKROCK INC., which was holding about 128.6 million shares on 2024-06-30. The number of shares represents firm’s hold over 4.6714 of outstanding shares, having a total worth of $18.16 billion.
