Oracle Corp. (NYSE:ORCL) saw a downside of -0.67% to close Monday at $108.30 after subtracting -$0.73 on the day. The 5-day average trading volume is 10,106,300 shares of the company’s common stock. It has gained $114.70 in the past week and touched a new high 2 times within the past 5 days. An average of 15,145,210 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 10,577,946.
ORCL’s 1-month performance is -4.08% or -$7.76 on its low of $107.30 reached on 09/12/23. 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 32.49% or $26.56 and has reached a new high 38 times. However, the current price is down -15.09% 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 1.01. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 5.77 while the price-to-book (PB) in the most recent quarter is 125.16, with the price to cash flow ratio at 31.09.
Oracle Corp.’s quick ratio for the period ended August 30 was 0.87, with the current ratio over the same period at 0.87. As well, the company’s long term debt to equity for the quarter ending August 30 was 35.63, while the total debt to equity was 37.53. In terms of profitability, the gross margin trailing 12 months is 65.54%. The trailing 12-month EBITDA margin is 39.80% while for the period ending August 30, Oracle Corp.’s operating margin was 28.02%. 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 August 30 this year, Net income and sales went down compared to those figures reported in the previous quarter. Net income grew 36.03% to $2.42 billion, while revenue of $3.32 billion was -37.11% off the previous quarter. Analysts expected ORCL to announce $1.15 per share in earnings in its latest quarter, but it posted $1.19, representing a 3.50% surprise. EBITDA for the quarter stood at more than $4.77 billion. ORCL stock balance sheet for the quarter ending August 30 shows that total liabilities totaled 133.82 billion, with total debt at $88.94 billion. Shareholders hold equity totaling $2.74 billion.
Let’s look briefly at Oracle Corp. (ORCL) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 25 September was 30.10% to suggest the stock is trending Neutral, with historical volatility in this time period at 73.87%.
The stock’s 5-day moving average is $110.48, reflecting a -3.48% or -$3.91 change from its current price. ORCL is currently trading -6.69% above its 20-day SMA, +14.24% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -9.20% and SMA200 by+37.24%.
Stochastic %K and %D was 8.05% and 15.17% and the average true range (ATR) pointed at 3.32. The RSI (14) points at 35.66%, while the 14-day stochastic is at 4.97% with the period’s ATR at 3.37. The stock’s 9-day MACD Oscillator is pointing at -2.64 and -6.51 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Oracle Corp. (NYSE: ORCL), HSBC Securities launched coverage with a Buy rating. 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 18 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 $100.00 and a high of $150.00, with their median price target at $132.70. Looking at these predictions, the average price target given by analysts is for Oracle Corp. (ORCL) stock is $130.32.
