During the recent session, Oracle Corp. (NYSE:ORCL)’s traded shares were 2.15 million, with the beta value of the company hitting 1.01. At the last check today, the stock’s price was $168.76, reflecting an intraday loss of -3.32% or -$5.8. The 52-week high for the ORCL share is $178.61, that puts it down -5.84 from that peak though still a striking 41.18% gain since the share price plummeted to a 52-week low of $99.26. The company’s market capitalization is $467.64B, and the average intraday trading volume over the past 10 days was 4.64 million shares, and the average trade volume was 7.99 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 1.94. 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 1.48.
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Oracle Corp. (NYSE:ORCL) trade information
Oracle Corp. (ORCL) registered a -3.32% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -3.32% in intraday trading to $168.76, hitting a weekly high. The stock’s 5-day price performance is -3.22%, and it has moved by 0.63% in 30 days. Based on these gigs, the overall price performance for the year is 63.21%. The short interest in Oracle Corp. (NYSE:ORCL) is 19.29 million shares and it means that shorts have 2.19 day(s) to cover.
The consensus price target of analysts on Wall Street is $155, which implies a decrease of -8.88% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $90 and $210 respectively. As a result, ORCL is trading at a discount of -24.44% off the target high and 46.67% 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 46.80% during the last six months, with a year-to-date growth rate less than the industry average at 11.51% against 15.70. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to grow 20.30% this quarter and then jump 11.30% in the quarter after that. In the rating firms’ projections, revenue will increase 19.90% 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 14.11B as predicted by 24 analyst(s). Meanwhile, a consensus of 24 analyst(s) estimates revenue growth to 14.65B 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 12.96% in 2024, the next five years will return 12.69% per annum.
ORCL Dividends
Oracle Corp. is due to release its next quarterly earnings on 2024-Dec-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 0.95 percent, continuing the trend of increasing dividends in recent years. The average dividend yield of the company for the last 5 years is 1.5%.
Oracle Corp. (NYSE:ORCL)’s Major holders
Oracle Corp. insiders own 41.60% of total outstanding shares while institutional holders control 44.26%, with the float percentage being 75.79%. VANGUARD GROUP INC is the largest shareholder of the company, while 3717.0 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.
