Oracle Corporation (NYSE:ORCL) does about 7.95M shares in volume on a normal day but saw 5500267 shares change hands in Friday trading. The company now has a market cap of 231.72B USD. Its current market price is $87.25, marking an increase of 1.52% compared to the previous close of $85.94. The 52 week high reached by this stock is $89.47 whilst the lowest price level in 52 weeks is $60.78. The script in recent trading has seen the stock touch a high of $87.38 and a low of $85.495.
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Oracle Corporation (ORCL) has a 20-day trading average at $84.67 and the current price is -2.48% off the 52-week high compared with 43.55% distance from its 52-week low. The 50-day simple moving average of the closing price is $81.96 and its 200-day simple moving average is $74.86. If we look at the stock’s price movements over the week, volatility stands at 1.96%, which decreases to 1.76% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 62.30 to suggest the stock is neutral.
The consensus objective for the share price is $92.63, suggesting that the stock has a potential upside of 5.81% over the period.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on January 18, 2023 when DA Davidson initiated the stock to “Neutral” and issued a price target of $85. Piper Sandler upgraded its price target at $85-$104.
The current price level is 3.43%, 6.73%, and 16.58% away from its SMA20, SMA50, and SMA200 respectively, with the ORCL price moving above the 50-day SMA on January 20. Oracle Corporation (ORCL) stock is down -1.72% over the week and 8.39% over the past month. Its price is 6.74% year-to-date and 4.64% over the past year.
The stock last released its quarterly earnings report for quarter ended 8/30/2022, with the company’s earnings per share (EPS) of $1.03 below consensus estimates by -$0.04. The company’s next earnings report is expected on 03/16/2023, with forecasts estimating quarterly EPS at $1.18 and $4.95 for whole year. ORCL’s earnings per share are forecast to grow by 1.00% this year and 14.30% over next year. Expected sales for next quarter are $12.33 billion, which analysts say will come at $49.29 billion for the current fiscal year and next year at $52.81 billion. In addition, estimates put the company’s current quarterly revenue at an average of $12.04 billion.
Its 12-month price target is $95.00. To reach the target analysts have set, the stock logically needs to grow 5.81 percent from here. Of course, the average price target is just what the average analysts believe a stock will be worth in the next 52 weeks, and is only one metric. There are analysts with lower targets than the average, including one bearish Wall Street research firm advocating investors to wait for the price to pull back to $72.00, given the recent momentum. And then, on the bullish side of things, one analyst is expecting the stock to peak at $120.00.
Outstanding shares total 2.69B with insiders holding 42.78% of the shares and institutional holders owning 42.87% of the company’s common stock. The company has a return on investment of 14.40% and return on equity of -140.50%. The price to earnings ratio (P/E ratio) amounts to 27.25 while the forward price to earnings ratio is 15.67. The beta has a value of 1.00. Price to sales ratio is 5.03.
According to a U.S. Securities and Exchange Commission filing, Vanguard Total Stock Market Index has added its position in Oracle Corporation (ORCL) to 45,096,132 shares, mirroring a recent increase by 2.07%. Vanguard Total Stock Market Index added 0.92 million shares of Oracle Corporation common stock bringing its total worth to about $3.69 billion at the end of recent close, SEC documents show. Vanguard Total Stock Market Index isn’t the only investment manager who changed stakes and is followed by Vanguard 500 Index Fund, which added 0.72 million shares to end up with 35,523,813 shares worth $2.9 billion.
