Oracle Corp. (ORCL) concluded trading on Wednesday at a closing price of $174.56, with 5.73 million shares of worth about $1.0 billion changed hands on the day. Half year performance of the stock remained positive as price took a surge of 52.28% during that period and on October 30, 2024 the price saw a gain of about 0.65%. Currently the company’s common shares owned by public are about 2.75B shares, out of which, 1.62B shares are available for trading.
Stock saw a price change of 0.84% in past 5 days and over the past one month there was a price change of 4.43%. Year-to-date (YTD), ORCL shares are showing a performance of 65.57% which increased to 71.73% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $99.26 but also hit the highest price of $178.61 during that period. The average intraday trading volume for Oracle Corp. shares is 8.00 million. The stock is currently trading 0.40% above its 20-day simple moving average (SMA20), while that difference is up 7.62% for SMA50 and it goes to 30.05% higher than SMA200.
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Oracle Corp. (NYSE: ORCL) currently have 2.75B outstanding shares and institutions hold larger chunk of about 43.99% of that.
The stock has a current market capitalization of $483.72B and its 3Y-monthly beta is at 1.01. PE ratio of stock for trailing 12 months is 45.03, while it has posted earnings per share of $3.88 in the same period. Its PEG reads 3.55 and has Quick Ratio of 0.72 while making debt-to-equity ratio of 7.81. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for ORCL, volatility over the week remained 1.43% while standing at 1.61% over the month.
Stock’s fiscal year EPS is expected to rise by 12.96% while it is estimated to increase by 13.71% in next year. EPS is likely to grow at an annualized rate of 12.69% for next 5-years, compared to annual growth of 4.54% made by the stock over the past 5-years.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by RBC Capital Mkts on October 23, 2024 offering a Sector perform rating for the stock and assigned a target price of $165 to it. Coverage by Melius stated Oracle Corp. (ORCL) stock as a Buy in their note to investors on September 16, 2024, suggesting a price target of $210 for the stock. On September 10, 2024, JMP Securities Upgrade their recommendations, while on September 10, 2024, BMO Capital Markets Reiterated their ratings for the stock with a price target of $173. Stock get a Market perform rating from BMO Capital Markets on June 17, 2024.
