Oracle Corp (ORCL): A Great Stock For Handling Current Market Conditions?

Currently, there are 2.75B common shares owned by the public and among those 1.62B shares have been available to trade.

The company’s stock has a 5-day price change of -0.95% and 36.44% over the past three months. ORCL shares are trading 62.93% year to date (YTD), with the 12-month market performance up to 58.98% higher. It has a 12-month low price of $99.26 and touched a high of $178.61 over the same period. ORCL has an average intraday trading volume of 7.97 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 -1.12%, 4.33%, and 26.82% respectively.

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Institutional ownership of Oracle Corp (NYSE: ORCL) shares accounts for 44.03% of the company’s 2.75B shares outstanding.

It has a market capitalization of $476.01B and a beta (3y monthly) value of 1.01. The stock’s trailing 12-month PE ratio is 44.31, while the earnings-per-share (ttm) stands at $3.88. The company has a PEG of 3.49 and a Quick Ratio of 0.72 with the debt-to-equity ratio at 7.81. Price movements for the stock have been influenced by the stock’s volatility, which stands at 1.57% over the week and 1.63% over the month.

Earnings per share for the fiscal year are expected to increase by 12.96%, and 13.71% over the next financial year. EPS should grow at an annualized rate of 12.69% over the next five years, compared to 4.54% over the past 5-year period.

Looking at the support for the ORCL, a number of firms have released research notes about the stock. RBC Capital Mkts stated their Sector Perform rating for the stock in a research note on October 23, 2024, with the firm’s price target at $165. Melius coverage for the Oracle Corp (ORCL) stock in a research note released on September 16, 2024 offered a Buy rating with a price target of $210. JMP Securities was of a view on September 10, 2024 that the stock is Mkt Outperform, while BMO Capital Markets gave the stock Market Perform rating on September 10, 2024, issuing a price target of $160- $173. BMO Capital Markets on their part issued Market Perform rating on June 17, 2024.

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