Oracle Corp (NYSE:ORCL) shares, rose in value, with the stock price up by 0.34% to the previous day’s close as strong demand from buyers drove the stock to $163.46.
Actively observing the price movement in the recent trading, the stock is buoying the session at $162.90. The PE ratio was 38.41 over 12-month period. Referring to stock’s 52-week performance, its high was $198.31, and the low was $114.55. On the whole, ORCL has fluctuated by 16.16% over the past month.
With the market capitalization of Oracle Corp currently standing at about $458.38 billion, investors are eagerly awaiting this quarter’s results, scheduled for in June. The company’s Forward Dividend Ratio is 1.70, with its dividend yield at 1.04%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 57.21B, with a low estimate of 15.48B and a high estimate of 15.69B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 15.58B.
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 50% Sell while long-term indicators on average have been pointing out that it is a Hold.
The stock’s technical analysis shows that the PEG ratio is about 2.86, with the price of ORCL currently trading nearly 4.03% and 12.07% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 64.90, while the 7-day volatility ratio is showing 2.11% which for the 30-day chart, stands at 1.96%. Furthermore, Oracle Corp (ORCL)’s beta value is 1.32, and its average true range (ATR) is 4.20.
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 0.34% in today’s session so far, and over the past year, it grew by 31.30%%.
Data on historical trading for Oracle Corp (NYSE:ORCL) indicates that the trading volumes over the past 3 months, they’ve averaged 10.30 million. According to company’s latest data on outstanding shares, there are 2.80 billion shares outstanding.
Nearly 41.24% of Oracle Corp’s shares belong to company insiders and institutional investors own 44.50% of the company’s shares. The stock has fallen by -1.91% 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.
