Oracle Corporation (NYSE:ORCL) saw a downside of -0.75% to close Tuesday at $115.23 after subtracting -$0.87 on the day. The 5-day average trading volume is 5,844,900 shares of the company’s common stock. It has gained $116.98 in the past week and touched a new high 1 time within the past 5 days. An average of 7,499,240 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 11,152,416.
ORCL’s 1-month performance is 0.74% or $0.62 on its low of $113.43 reached on 07/11/23. The company’s shares have touched a 52-week low of $60.78 and high of $127.54, with the stock’s rally to the 52-week high happening on 06/15/23. YTD, ORCL has achieved 40.97% or $33.49 and has reached a new high 38 times. However, the current price is down -9.65% from the 52-week high price.
Insider Transactions
ORCL stock investors last saw insider trading activity on Jul 07.Smith Maria (EVP, Chief Accounting Officer) most recently sold 3,680 shares at $115.00 per share on Jul 07. This transaction cost the insider $423,200. EVP, Chief Accounting Officer, Smith Maria, sold 1,320 shares at a price of $116.78 on Jul 05. Then, on Jun 23, Executive Chairman ELLISON LAWRENCE JOSEPH sold 1,750,000 shares at a price of $118.79 per share. This transaction amounted to $207,880,605.
Valuation Metrics
ORCL stock has a beta of 1.00. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 6.27 while the price-to-book (PB) in the most recent quarter is 288.08, with the price to cash flow ratio at 65.19.
Oracle Corporation’s quick ratio for the period ended May 30 was 0.90, with the current ratio over the same period at 0.90. As well, the company’s long term debt to equity for the quarter ending May 30 was 80.54, while the total debt to equity was 84.33.. In terms of profitability, the gross margin trailing 12 months is 72.80%. The trailing 12-month EBITDA margin is 39.80% while for the period ending May 30, Oracle Corporation’s operating margin was 26.20%. The firm’s gross profit as reported stood at $36.39 billion against revenue of $49.95 billion.
Earnings Surprise
For the quarterly period ending May 30 this year, Oracle Corporation’s cash and short-term investments amounted to $422.0 million against total debt of $95.33 billion. Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 3.92% to $3.32 billion, while revenue of $1.9 billion was 42.86% off the previous quarter. Analysts expected ORCL to announce $1.44 per share in earnings in its latest quarter, but it posted $1.52, representing a 5.60% surprise. EBITDA for the quarter stood at more than $5.72 billion. ORCL stock balance sheet for the quarter ending May 30 shows that total liabilities totaled 132.83 billion, with total debt at $95.33 billion. Shareholders hold equity totaling $2.71 billion.
Let’s look briefly at Oracle Corporation (ORCL) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 08 August was 44.52% to suggest the stock is trending Neutral, with historical volatility in this time period at 19.11%.
The stock’s 5-day moving average is $115.21, reflecting a -2.27% or -$2.68 change from its current price. ORCL is currently trading +0.30% above its 20-day SMA, +38.86% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +10.49% and SMA200 by+73.80%.
Stochastic %K and %D was 16.20% and 11.97% and the average true range (ATR) pointed at 2.24. The RSI (14) points at 47.64%, while the 14-day stochastic is at 20.00% with the period’s ATR at 2.34. The stock’s 9-day MACD Oscillator is pointing at -0.69 and -1.07 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Oracle Corporation (NYSE: ORCL), Goldman upgraded it to a Neutral rating. They previously had a Sell rating on the stock. Analysts offering their rating for ORCL stock have a consensus rating for the stock as Overweight. Currently, 1 brokerage advisors rate ORCL as a “sell,”, while 19 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 2 rates the stock as overweight while 12 have offered a “buy” rating.
What is ORCL’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $82.50 and a high of $150.00, with their median price target at $132.20. Looking at these predictions, the average price target given by analysts is for Oracle Corporation (ORCL) stock is $129.15.
