As of Friday close, Oracle Corporation’s (NYSE:ORCL) stock was down -$0.11, moving down -0.10 percent to $114.44. The average number of shares traded per day over the past five days has been 5,828,360 shares. 2 times new highs have been achieved over the past 5 days, with a -$1.55 fall in that time frame. In the last twenty days, the average volume was 7,549,635, while in the previous 50 days, it was 11,382,490.
Since last month, ORCL stock retreated -0.87%. Shares of the company fell to $113.43 on 07/11/23, the lowest level in the past month. A 52-week high of $127.54 was reached on 06/15/23 after having rallying from a 52-week low of $60.78. Since the beginning of this year, ORCL’s stock price has risen by 40.00% or $32.70, and marked a new high 38 times. However, the stock has declined by -10.27% since its 52-week high.
ORCL stock investors should be aware that Oracle Corporation (ORCL) stock had its last reported insider trading activity 29 days ago on Jul 07. Smith Maria, the EVP, Chief Accounting Officer of the company, disposed of 3,680 shares for $115.00 on Jul 07. It resulted in a $423,200 divestment by the insider. Smith Maria sold 1,320 shares at an average price of $116.78 on Jul 05. The insider now owns 20,280 shares following the transaction. On Jun 23, Executive Chairman ELLISON LAWRENCE JOSEPH sold 1,750,000 shares at $118.79 apiece. The transaction was valued at $207,880,605.
Valuation Metrics
Right now, Oracle Corporation (ORCL) has a P/E ratio of about 37.29. The stock’s beta is 1.00. Besides these, the trailing price-to-sales (P/S) ratio of 6.24, the price-to-book (PB) ratio of 286.10, and the price-to-cash flow ratio of 64.91 may also be considered.
The latest dividend of $0.40 per share was paid out, remained unchanged from last year’s $0.40. On Thursday March 9 2023, a $0.08 dividend increase was announced.
Financial Health
In the three months ended May 30, Oracle Corporation’s quick ratio stood at 0.90, while its current ratio was 0.90, showing that the company is not able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending May 30 was 80.54, and the total debt-to-equity ratio was 84.33. On the profitability front, the trailing twelve-month gross margin is 72.80% percent. In the year ended May 30, operating margins totaled 26.20%. Based on annual data, ORCL earned $36.39 billion in gross profit and brought in $49.95 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 13.60%. Return on equity (ROE) for the past 12 months was -296.60%.
In Oracle Corporation’s quarter-end financial report for May 30, it reported total debt of $86.42 billion against cash and short-term investments of $422.0 million. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. ORCL’s revenue rose 12.83% to $23.42 billion during the quarter, while net income inched up to $26.21 billion. While analysts expected Oracle Corporation to report $1.58 quarterly earnings, the actual figure was $1.67 per share, beating the consensus estimate by 5.70%. During the quarter, the company generated $5.72 billion in EBITDA. The liabilities of Oracle Corporation were 132.83 billion at the end of its most recent quarter ended May 30, and its total debt was $95.33 billion. The value of shareholders’ equity is $2.71 billion.
Technical Picture
This quick technical analysis looks at Oracle Corporation’s (ORCL) price momentum. With a historical volatility rate of 16.93%, the RSI 9-day stood at 39.27% on 04 August.
With respect to its five-day moving average, the current Oracle Corporation price is down by -1.34% percent or -$1.55. At present, ORCL shares trade -0.15% below its 20-day simple moving average and +34.75% percent above its 100-day simple moving average. However, the stock is currently trading approximately +16.14% above its SMA50 and +70.76% above its SMA200.
Stochastic coefficient K was 8.82% and Stochastic coefficient D was 21.86%, while ATR was 2.32. Given the Stochastic reading of 2.61% for the 14-day period, the RSI (14) reading has been calculated as 45.03%. As of today, the MACD Oscillator reading stands at -1.29, while the 14-day reading stands at -2.01.
Analyst Ratings
Goldman upgraded its rating on Oracle Corporation (NYSE: ORCL) to a Neutral in a note to investors on June 13, 2023. The analysts firm previously had a Sell rating on the stock.Oracle Corporation (ORCL) has been rated Overweight by analysts. According to 1 brokerage firm, ORCL is a sell, and 19 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 2 analysts rate Oracle Corporation stock as buy, with 12 recommending it as overweight.
With a median target price of $132.20, the current consensus forecast for the stock is $82.50 – $150.00. Based on these forecasts, analysts predict Oracle Corporation (ORCL) will achieve an average price target of $129.15.
