Are You Looking To Buy Oracle Corporation (ORCL)? First, Read This

RTX Stock
RTX Stock

Oracle Corporation (NYSE:ORCL) finished Thursday with a subtraction of -$0.72 to close at $66.03, a downside of -1.08 percent. An average of 10,871,840 shares of common stock have been traded in the last five days. There was a fall of -$4.21 in the past week, and it reached a new high 13 times over the past 12 months. The last 20 days have seen an average of 10,334,550 shares traded, while the 50-day average volume stands at 7,397,738.

ORCL stock has decreased by -13.58% in the last month. The company shares reached their 1-month lowest point of $65.84 on 09/22/22. With the stock rallying to its 52-week high on 01/04/22, shares of the company touched a low of $63.76 and a high of $106.34 in 52 weeks. It has reached a new high 2 times so far this year and lost -24.29% or -$21.18 in price. In spite of this, the price is down -37.91% from the 52-week high.

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Insider Transactions

86 days have passed since Oracle Corporation (ORCL) last reported insider trading activity. Screven Edward, who is Chief Corporate Architect, most recently acquired $419,174 shares at $69.22 per share on Jun 29. In this transaction, the insider spent $29,015,224. Chief Corporate Architect, Screven Edward, disposed of 280,826 shares at a price of $70.84 on Jun 28. The insider now owns more than $19,893,826 worth of shares. Prior to that, Chief Executive Officer CATZ SAFRA went on to Sale 980,000 shares at $69.80 each on Jun 24. An amount of $68,408,454 was transacted.

Valuation Metrics

Oracle Corporation (ORCL) has a trailing price-to-earnings (P/E) ratio of 31.37. The stock’s beta is 0.87. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 4.11, and the price-to-cash flow ratio at 93.44.

The company has a payout ratio of 58.80%. The company’s most recent quarterly dividend payment was $0.32 a share, without any change from last year. Its latest increase dividend $0.08 reported on Wednesday March 10 2021.

Financial Health

Its gross profit as reported stood at $33.56 billion compared to revenue of $42.44 billion.

Earnings Surprise

For the three-month period that ended August 30, Oracle Corporation had $772.0 million in cash and short-term investments compared to $75.48 billion in total debt. In the quarter under review, the net income was down than the previous quarter. The company posted a net income of $1.55 billion in the quarter, while revenues of $3.19 billion were shrunk -58.72%. The analyst consensus anticipated Oracle Corporation’s latest quarter earnings to come in at $1.07 per share, but it turned out to be $1.03, a -3.70% surprise. For the quarter, EBITDA amounted to $4.09 billion. Shareholders own equity worth $2.7 billion.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Oracle Corporation (ORCL) price momentum. RSI 9-day as of the close on 22 September was 18.44%, suggesting the stock is oversold, with historical volatility in this time frame at 25.53%.

As of today, ORCL’s price is $67.76 -5.99% or -$4.21 from its 5-day moving average. ORCL is currently trading -13.31% lower than its 20-day SMA and -10.04% lower than its 100-day SMA. However, the stock’s current price level is -5.71% below the SMA50 and -25.76% below the SMA200.

The stochastic %K and %D were 2.34% and 4.85%, respectively, and the average true range (ATR) was 1.82. With the 14-day stochastic at 1.40% and the average true range at 1.74, the RSI (14) stands at 24.74%. The stock has reached -3.51 on the 9-day MACD Oscillator while the 14-day reading was at -5.02.

Analyst Ratings

Berenberg launched coverage on Oracle Corporation (NYSE: ORCL) in its analyst report released on September 14, 2022. The firm assigned the stock a Hold rating. The consensus rating for Oracle Corporation (ORCL) among analysts is Hold. According to current brokerage recommendations, 2 brokerage firms advise that investors sell ORCL, while 18 suggest investors hold. There are 1 analyst who rate the stock as underweight. The stock is rated overweight by 1 analysts, while 8 others rate it as a “buy”.

What is ORCL’s price target for the next 12 months?

Analysts predict a range of price targets between $70.00 and $115.00, with a median target of $87.00. Taking a look at these predictions, the average price target given by analysts for Oracle Corporation (ORCL) stock is $88.61.


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