Is Oracle Corp. (NYSE: ORCL) Back In The Buying Zone?

Currently, there are 2.71B common shares owned by the public and among those 1.60B shares have been available to trade.

The company’s stock has a 5-day price change of 1.71% and 2.41% over the past three months. ORCL shares are trading 10.49% year to date (YTD), with the 12-month market performance up to 22.57% higher. It has a 12-month low price of $93.29 and touched a high of $132.77 over the same period. ORCL has an average intraday trading volume of 8.51 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 -3.16%, -2.24%, and 2.42% respectively.

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Institutional ownership of Oracle Corp. (NYSE: ORCL) shares accounts for 43.74% of the company’s 2.71B shares outstanding.

It has a market capitalization of $320.17B and a beta (3y monthly) value of 1.02. The stock’s trailing 12-month PE ratio is 30.78, while the earnings-per-share (ttm) stands at $3.78. The company has a PEG of 2.87 and a Quick Ratio of 0.85 with the debt-to-equity ratio at 15.65. Price movements for the stock have been influenced by the stock’s volatility, which stands at 1.79% over the week and 1.86% over the month.

Analysts forecast that Oracle Corp. (ORCL) will achieve an EPS of $1.54 for the current quarter, $1.23 for the next quarter and $5.82 for 2025. The lowest estimate earnings-per-share for the quarter is $1.52 while analysts give the company a high EPS estimate of $1.6. Comparatively, EPS for the current quarter was $1.67 a year ago. Earnings per share for the fiscal year are expected to increase by 9.14%, and 10.23% over the next financial year. EPS should shrink at an annualized rate of 10.71% over the next five years, compared to 29.43% over the past 5-year period.

KeyBanc Capital Markets coverage for the Oracle Corp. (ORCL) stock in a research note released on March 21, 2024 offered a Overweight rating with a price target of $150. BMO Capital Markets on their part issued Market Perform rating on March 12, 2024.

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