In the latest trading session, 1.17 million Oracle Corp (NYSE:ORCL) shares changed hands as the company’s beta touched 1.04. With the company’s most recent per share price at $188.26 changing hands around $5.37 or 2.94% at last look, the market valuation stands at $521.68B. ORCL’s current price is a discount, trading about -4.13% off its 52-week high of $196.04. The share price had its 52-week low at $99.26, which suggests the last value was 47.28% up since then. When we look at Oracle Corp’s average trading volume, we note the 10-day average is 8.36 million shares, with the 3-month average coming to 8.80 million.
Analysts gave the Oracle Corp (ORCL) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.92. If we narrow down to specifics, the data shows that 0 out of 28 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 8 recommended ORCL as a Hold, 20 felt it is a Buy and 0 rated the stock as Underweight. Oracle Corp’s EPS for the current quarter is expected to be 1.48.
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Oracle Corp (NYSE:ORCL) trade information
Instantly ORCL is in green as seen in intraday trades today. With action -1.11%, the performance over the past five days has been red. The company’s shares are showing year-to-date upside of 78.56%, with the 5-day performance at -1.11% in the red. However, in the 30-day time frame, Oracle Corp (NYSE:ORCL) is 11.01% up. Looking at the short shares, we see there were 21.17 million shares sold at short interest cover period of 3.47 days.
The consensus price target for the stock as assigned by Wall Street analysts is 172, meaning bulls need a downside of -9.45% from its recent market value. According to analyst projections, ORCL’s forecast low is 105 with 210 as the target high. To hit the forecast high, the stock’s price needs a -11.55% plunge from its current level, while the stock would need to tank 44.23% for it to hit the projected low.
Oracle Corp (ORCL) estimates and forecasts
Data shows that the Oracle Corp share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 53.52% over the past 6 months, a 11.51% in annual growth rate that is considerably lower than the industry average of 17.10%. Year-over-year growth is forecast to reach 9.69% up from the last financial year.
Consensus estimates given by 26 financial analysts project the company’s revenue in the current quarter to hit an average of 14.12B. 26 analysts are of the opinion that Oracle Corp’s revenue for the current quarter will be 14.65B. The company’s revenue for the corresponding quarters a year ago was 12.94B and 13.28B respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 9.12%. The estimates for the next quarter sales put growth at 10.31%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 4.54%. The 2024 estimates are for Oracle Corp earnings to increase by 12.97%, but the outlook for the next 5-year period is at 11.95% per year.
ORCL Dividends
Oracle Corp is expected to release its next quarterly earnings report in January. The 0.85% annual yield figure for the share gives it an annual dividend of 1.60. It is important to note, however, that the 0.85% dividend yield ratio should serve as a guide only, as you should also take into consideration many other aspects of a company’s operations and fundamentals before making any investment decision. During the past 5 years, the average dividend yield was 1.48 per year.
Oracle Corp (NYSE:ORCL)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 41.60% of Oracle Corp shares while 44.81% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 76.72%. There are 44.81% institutions holding the Oracle Corp stock share, with VANGUARD GROUP INC the top institutional holder. As of 2024-06-30, the company held 5.5631% of the shares, roughly 153.15 million ORCL shares worth $21.63 billion.
BLACKROCK INC. holds the second largest percentage of outstanding shares, with 4.6714% or 128.6 million shares worth $18.16 billion as of 2024-06-30.
Among Mutual Funds, the top two as of Jun 30, 2024 were Vanguard Total Stock Market Index Fund and Vanguard 500 Index Fund. With 52.08 shares estimated at $9.82 billion under it, the former controlled 1.88% of total outstanding shares. On the other hand, Vanguard 500 Index Fund held about 1.51% of the shares, roughly 41.86 shares worth around $7.89 billion.
