Oracle Corp. (NYSE:ORCL) shares, rose in value, with the stock price up by 0.57% to the previous day’s close as strong demand from buyers drove the stock to $124.90.
Actively observing the price movement in the last trading, the stock closed the session at $124.19. The value of beta (5-year monthly) was 1.01 whereas the PE ratio was 33.00 over 12-month period. Referring to stock’s 52-week performance, its high was $132.77, and the low was $93.20. On the whole, ORCL has fluctuated by 11.25% over the past month.
With the market capitalization of Oracle Corp. currently standing at about $343.29 billion, investors are eagerly awaiting this quarter’s results, scheduled for Jun 10, 2024 – Jun 14, 2024. The company’s Forward Dividend Ratio is 1.60, with its dividend yield at 1.28%. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be $1.65, which is expected to increase to $1.38 for fiscal year $5.59 and then to about $6.23 by fiscal year 2025. Data indicates that the EPS growth is expected to be 9.20% in 2025, while the next year’s EPS growth is forecast to be 11.40%.
Analysts have estimated the company’s revenue for the quarter at $14.56 billion, with a low estimate of $14.48 billion and a high estimate of $14.72 billion. According to the average forecast, sales growth in current quarter could jump up 5.20%, compared to the corresponding quarter of last year. Wall Street analysts also predicted that in 2025, the company’s y-o-y revenues would reach $53.25 billion, representing an increase of 6.60% from the revenues reported in the last year’s results.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that ORCL’s technical picture suggests that short-term indicators denote the stock is a 50% Buy on average. However, medium term indicators have put the stock in the category of 100% Buy while long term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the PEG ratio is about 2.98, with the price of ORCL currently trading nearly 0.24% and 5.97% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 56.75, while the 7-day volatility ratio is showing 1.83% which for the 30-day chart, stands at 2.09%. Furthermore, Oracle Corp. (ORCL)’s beta value is 1.01, and its average true range (ATR) is 2.64.
A comparison of Oracle Corp. (ORCL) with its peers suggests the former has fared considerably weaker in the market. ORCL showed an intraday change of 0.57% in last session, and over the past year, it grew by 32.87%%.
Data on historical trading for Oracle Corp. (NYSE:ORCL) indicates that the trading volumes over the past 10 days have averaged 7.77 million and over the past 3 months, they’ve averaged 9.04 million. According to company’s latest data on outstanding shares, there are 2.71 billion shares outstanding.
Nearly 41.92% of Oracle Corp.’s shares belong to company insiders and institutional investors own 43.88% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 16.81 million shares as on Mar 15, 2024, resulting in a short ratio of 1.46. According to the data, the short interest in Oracle Corp. (ORCL) stood at 0.61% of shares outstanding as of Mar 15, 2024; the number of short shares registered in Feb 15, 2024 reached 14.18 million. The stock has risen by 18.47% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the ORCL stock heading into the next quarter.
