Oracle Corp (NYSE:ORCL) shares, rose in value, with the stock price down by -3.85% to the previous day’s close as strong demand from buyers drove the stock to $167.84.
Actively observing the price movement in the last trading, the stock closed the session at $174.56, falling within a range of $167.3975 and $170.865. The value of beta (5-year monthly) was 1.008 whereas the PE ratio was 43.30 over 12-month period. Referring to stock’s 52-week performance, its high was $178.61, and the low was $99.26. On the whole, ORCL has fluctuated by 0.08% over the past month.
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With the market capitalization of Oracle Corp currently standing at about $465.10 billion, investors are eagerly awaiting this quarter’s results, scheduled for on 2024-Dec-09. The company’s Forward Dividend Ratio is 1.60, with its dividend yield at 0.95%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 58.06B, with a low estimate of 13.92B and a high estimate of 14.17B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 14.11B.
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 3.41, with the price of ORCL currently trading nearly -3.49% and 3.13% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 45.12, while the 7-day volatility ratio is showing 1.61% which for the 30-day chart, stands at 1.65%. Furthermore, Oracle Corp (ORCL)’s beta value is 1.01, and its average true range (ATR) is 3.38.
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 -3.85% in last session, and over the past year, it grew by 62.32%%.
Data on historical trading for Oracle Corp (NYSE:ORCL) indicates that the trading volumes over the past 10 days have averaged 5.05 and over the past 3 months, they’ve averaged 7.99 million. According to company’s latest data on outstanding shares, there are 2.75 billion shares outstanding.
Nearly 41.58% of Oracle Corp’s shares belong to company insiders and institutional investors own 43.99% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 19.29 million shares as on 2024-10-15, resulting in a short ratio of 2.19. According to the data, the short interest in Oracle Corp (ORCL) stood at 119.00 of shares outstanding as of 2024-10-15; the number of short shares registered in 2024-09-13 reached 18.78 million. The stock has risen by 59.20% 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.
