The stock of Oracle Corporation (NYSE:ORCL) increased by $2.51 on Monday to finish at $115.57, up 2.22 percent. The last five days have seen an average of 5,804,840 shares of common stock traded. 38 times new highs were reached in the current year, with a gain of $33.83. The average number of shares traded over the last 20 days was 6,974,130, while the average volume over the last 50 days totaled 10,722,206.
ORCL stock dropped -3.10% since last month. On 08/11/23, the company’s shares reached a one-month low of $111.13. The stock touched a high of $127.54 on 06/15/23, after rallying from a low of $60.78 in 52 weeks. The price of ORCL stock has risen by 41.39% or $33.83 this year, reaching a new high 38 times. Still, the stock price is down -9.39% from the 52-week high.
Insider Transactions
ORCL stock investors should be aware that Oracle Corporation (ORCL) stock had its last reported insider trading activity 39 days ago on Jul 07. On Jul 07, EVP, Chief Accounting Officer Smith Maria sold 3,680 shares at $115.00 each. This transaction resulted in the insider making $423,200. On Jul 05, Smith Maria sold 1,320 shares at a price of US$116.78. After the transaction, the insider now owns 20,280 shares. Executive Chairman ELLISON LAWRENCE JOSEPH had earlier sold 1,750,000 shares on Jun 23 for $118.79 a share. The transaction was completed for $207,880,605.
Valuation Metrics
Oracle Corporation (ORCL) has a trailing price-to-earnings (P/E) ratio of 37.66. Beta for the stock is 1.00. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 6.28, the price-to-book (PB) ratio of 288.92, and the price-to-cash flow ratio of 37.01.
Company paid $0.40 per share in dividends, remained unchanged from $0.40 last year. A $0.08 dividend increase was reported on Thursday March 9 2023.
Financial Health
For the three months ended May 30, Oracle Corporation’s quick ratio was 0.90, while its current ratio was 0.90, indicating its inability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending May 30 is 80.54, and the total debt to equity ratio is 84.33. As far as profitability goes, gross margin for the trailing twelve months is 72.80% percent. Oracle Corporation’s EBITDA margin for the year ended May 30 was 39.80%, whereas its operating margin stood at 26.20% for the same period. Based on annual data, it had gross profit of $36.39 billion and revenue of $49.95 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. ORCL’s return on assets (ROA) during the last 12 months has been 6.50%. There was a 13.60% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was -296.60%.
Earnings Surprise
According to Oracle Corporation’s quarterly financial report for the quarter that ended May 30, it had $86.42 billion in total debt versus $422.0 million in cash and short-term investments. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $26.21 billion, while revenues rose by 12.83% to $23.42 billion. It was predicted that Oracle Corporation’s quarterly earnings would be $1.67, but it ended up being $1.58, beating the consensus by 5.70%. EBITDA was $5.72 billion for the quarter. At the end of Oracle Corporation’s most recent quarter ended May 30, its liabilities totaled 132.83 billion, while its total debt was $95.33 billion. Equity owned by shareholders amounts to $2.71 billion.
Technical Picture
Here’s a quick look at Oracle Corporation’s (ORCL) price momentum from a technical perspective. As of 14 August, the RSI 9-day stood at 51.24%, suggesting the stock is Neutral, with a 20.88% historical volatility rate.
The stochastic %K and %D were 33.67% and 21.18% respectively, while the average true range (ATR) was 2.43. Based on the 14-day stochastic reading of 64.25%, the RSI (14) reading is 50.48%. On the 9-day MACD Oscillator, the stock is at -0.65, and the 14-day reading is at -1.40.
Analyst Ratings
In its most recent analyst report, Goldman raised its rating on Oracle Corporation (NYSE: ORCL) to a Neutral. Prior to this, analysts firm rated the stock as a Sell. Analysts have assigned Oracle Corporation (ORCL) an Overweight rating. ORCL is a stock that is recommended for selling by 1 brokerage firm, while 19 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 2 rates it overweight and 12 others recommend it as a buy.
What is ORCL’s price target for the next 12 months?
The current consensus forecast for the stock is between $82.50 and $150.00, with a median target price of $132.20. In analyzing these forecasts, the average price target given by analysts for Oracle Corporation (ORCL) is $129.15.
