Oracle Corp (NYSE:ORCL) shares, rose in value on Thursday, March 06, with the stock price down by -6.57% to the previous day’s close as strong demand from buyers drove the stock to $150.94.
Actively observing the price movement in the last trading, the stock closed the session at $161.56. The PE ratio was 36.94 over 12-month period. Referring to stock’s 52-week performance, its high was $198.31, and the low was $110.67. On the whole, ORCL has fluctuated by -10.10% over the past month.
With the market capitalization of Oracle Corp currently standing at about $422.17 billion, investors are eagerly awaiting this quarter’s results, scheduled for in April. The company’s Forward Dividend Ratio is 1.60, with its dividend yield at 1.06%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 57.78B, with a low estimate of 14.33B and a high estimate of 14.59B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 14.4B.
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 Hold on average. However, medium-term indicators have put the stock in the category of Hold while long-term indicators on average have been pointing out that it is a 50% Sell.
The stock’s technical analysis shows that the PEG ratio is about 2.72, with the price of ORCL currently trading nearly -11.27% and -10.29% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 35.06, while the 7-day volatility ratio is showing 3.90% which for the 30-day chart, stands at 3.34%. Furthermore, Oracle Corp (ORCL)’s beta value is 1.17, and its average true range (ATR) is 6.91.
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 -6.57% in last session, and over the past year, it grew by 32.33%%.
Data on historical trading for Oracle Corp (NYSE:ORCL) indicates that the trading volumes over the past 3 months, they’ve averaged 11.02 million. According to company’s latest data on outstanding shares, there are 2.80 billion shares outstanding.
Nearly 41.21% of Oracle Corp’s shares belong to company insiders and institutional investors own 44.60% of the company’s shares. The stock has fallen by -9.42% 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.
