Oracle Corp. (NYSE:ORCL) shares, rose in value on Friday, August 30, with the stock price up by 0.90% to the previous day’s close as strong demand from buyers drove the stock to $140.67.
Actively observing the price movement in the recent trading, the stock is buoying the session at $139.42, falling within a range of $140.095 and $140.88. The value of beta (5-year monthly) is 1.014 whereas the PE ratio is 37.95 over 12-month period. Referring to stock’s 52-week performance, its high was $146.59, and the low was $99.26. On the whole, ORCL has fluctuated by 2.30% over the past month.
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With the market capitalization of Oracle Corp. currently standing at about $387.67 billion, investors are eagerly awaiting this quarter’s results, scheduled for on 2024-Sep-09. The company’s Forward Dividend Ratio is 1.60, with its dividend yield at 1.14%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 57.93B, with a low estimate of 13.11B and a high estimate of 13.38B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 13.24B.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. 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 3.58, with the price of ORCL currently trading nearly 4.11% and 1.53% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 58.93, while the 7-day volatility ratio is showing 1.43% which for the 30-day chart, stands at 1.82%. Furthermore, Oracle Corp. (ORCL)’s beta value is 1.00, and its average true range (ATR) is 2.61.
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 0.90% in today’s session so far, and over the past year, it grew by 16.14%%.
Data on historical trading for Oracle Corp. (NYSE:ORCL) indicates that the trading volumes over the past 10 days have averaged 4.0 and over the past 3 months, they’ve averaged 8.20 million. According to company’s latest data on outstanding shares, there are 2.75 billion shares outstanding.
Nearly 41.82% of Oracle Corp.’s shares belong to company insiders and institutional investors own 44.84% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 18.67 million shares as on 2024-08-15, resulting in a short ratio of 2.8. According to the data, the short interest in Oracle Corp. (ORCL) stood at 116.00 of shares outstanding as of 2024-08-15; the number of short shares registered in 2024-07-15 reached 14.42 million. The stock has risen by 33.43% 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.
