With over 30.19 million Oracle Corp. (ORCL) shares trading Friday and a closing price of $103.32 on the day, the dollar volume was approximately $3.12 billion. The shares have shown a negative half year performance of -17.65% and its price on 12/15/23 gained nearly 3.00%. Currently, there are 2.71B common shares owned by the public and among those 1.59B shares have been available to trade.
An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 34 analysts who have offered their price forecasts for ORCL have a consensus price objective of $124.58. The analysts have set the share’s price value over the next 12 months at a high of $150.00 and a low of $92.60. The average price target is 17.07% above its recent price level and a downside to the estimated low will see the stock lose -11.58% over that period. But an upside of 31.12% will see the stock hit the forecast high price target while median target price for the stock is $126.00.
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Insiders at the company have transacted a total of 88 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 39 of these insider trades were purchases, accounting for 13,216,204 shares. Insider sales of the common stock occurred on 49 occasions, with total insider shares sold totaling 13,059,825 shares.
Shares of Oracle Corp. (NYSE: ORCL) opened at $99.69, down -$0.62 from a prior closing price of $100.31. However, the script later moved the day high at 103.98, up 3.00%. The company’s stock has a 5-day price change of -9.06% and -7.92% over the past three months. ORCL shares are trading 26.40% year to date (YTD), with the 12-month market performance up to 26.28% higher. It has a 12-month low price of $79.43 and touched a high of $127.54 over the same period. ORCL has an average intraday trading volume of 9.25 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -8.80%, -6.12%, and -3.67% respectively.
Institutional ownership of Oracle Corp. (NYSE: ORCL) shares accounts for 43.59% of the company’s 2.71B shares outstanding.
It has a market capitalization of $284.02B and a beta (3y monthly) value of 1.02. The stock’s trailing 12-month PE ratio is 28.57, while the earnings-per-share (ttm) stands at $3.62. The company has a PEG of 2.68 and a Quick Ratio of 0.79 with the debt-to-equity ratio at 22.97. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.33% over the week and 1.98% over the month.
Analysts forecast that Oracle Corp. (ORCL) will achieve an EPS of $1.27 for the current quarter, $1.51 for the next quarter and $5.71 for 2025. The lowest estimate earnings-per-share for the quarter is $1.25 while analysts give the company a high EPS estimate of $1.35. Comparatively, EPS for the current quarter was $1.22 a year ago. Earnings per share for the fiscal year are expected to increase by 8.43%, and 11.93% over the next financial year. EPS should shrink at an annualized rate of 10.68% over the next five years, compared to 29.43% over the past 5-year period.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 34 brokerage firm advisors rate Oracle Corp. (ORCL) as a “Moderate Buy” at a consensus score of 2.21. Specifically, 14 Wall Street analysts polled rate the stock as a buy, while 16 of the 34 advise that investors “hold,” and 1 rated it as a “Sell.”
Looking at the support for the ORCL, a number of firms have released research notes about the stock. BMO Capital Markets stated their Market Perform rating for the stock in a research note on December 12, 2023, with the firm’s price target at $130-$126.
