In today’s recent session, 8.25 million shares of the Oracle Corp (NYSE:ORCL) have been traded, and its beta is 1.03. Most recently the company’s share price was $176.08, and it changed around -$14.37 or -7.55% from the last close, which brings the market valuation of the company to $487.93B. ORCL at last check was trading at a discount to its 52-week high of $198.31, offering almost -12.62% off that amount. The share price’s 52-week low was $99.26, which indicates that the recent value has risen by an impressive 43.63% since then. We note from Oracle Corp’s average daily trading volume that its 10-day average is 9.8 million shares, with the 3-month average coming to 8.79 million.
Oracle Corp stock received a consensus recommendation rating of Buy, based on a mean score of 1.95. If we narrow it down even further, the data shows that 0 out of 35 analysts rate the stock as a Sell; another 5 rate it as Overweight. Among the rest, 14 recommended ORCL as a Hold, whereas 16 deemed it a Buy, and 0 rated it as Underweight. Oracle Corp is expected to report earnings per share of 1.5 for the current quarter.
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Oracle Corp (NYSE:ORCL) trade information
Instantly ORCL has been showing red trend so far today with a performance of -7.55% on intraday trading today. The performance over the last five days has remained in the red territory. The rise to weekly highs of 198.31 on recent trading dayincreased the stock’s daily price by 11.21%. The company’s shares are currently up 67.01% year-to-date, but still down -3.72% over the last five days. On the other hand, Oracle Corp (NYSE:ORCL) is -6.96% down in the 30-day period. We can see from the shorts that 21.17 million shares have been sold at a short interest cover period of 3.47 day(s).
The consensus price target as assigned by Wall Street analysts is $173, which translates to bulls needing to decrease their stock price by -1.78% from its current value. Analyst projections state that ORCL is forecast to be at a low of $105 and a high of $220.
Oracle Corp (ORCL) estimates and forecasts
Oracle Corp share prices are performing particularly well not compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 42.14 percent over the past six months and at a 12.41% annual growth rate that is well below the industry average of 18.10%. The year-over-year growth rate is expected to be 8.93%, up from the previous year.
Consensus estimates provided by 20 financial analysts predict the company will bring in an average of 14.38B in revenue for the current quarter. 20 analysts expect Oracle Corp to make 15.95B in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 13.28B and 14.29B respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 8.30%. Forecasts for the next quarter put sales growth at 11.65%.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 4.54%. Oracle Corp earnings are expected to increase by 11.98% in 2024, but the outlook is positive 11.37% per year for the next five years.
ORCL Dividends
Oracle Corp’s next quarterly earnings report is expected to be released in January. The annual dividend yield of the stock is 0.91 percent and its annual dividend per share was 1.60. It is important to note, however, that the 0.91% dividend yield ratio should be regarded as a guide only, as many other factors should be taken into consideration before making any investment decision. The average dividend yield for the past five years averaged 1.48 per year.
Oracle Corp (NYSE:ORCL)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 41.60% of Oracle Corp shares, and 44.83% of them are in the hands of institutional investors. The stock currently has a share float of 76.77%. Oracle Corp stock is held by 3832.0 institutions, with VANGUARD GROUP INC being the largest institutional investor. By 2024-06-30, it held 5.5631% of the shares, which is about 153.15 million shares worth $21.63 billion.
BLACKROCK INC., with 4.6714% or 128.6 million shares worth $18.16 billion as of 2024-06-30, holds the second largest percentage of outstanding shares.
