Oracle Corp. (NYSE:ORCL) finished Thursday with an addition of $1.53 to close at $106.15, an upside of 1.46 percent. An average of 9,812,200 shares of common stock have been traded in the last five days. There was a fall of -$3.28 in the past week, and it reached a new high 57 times over the past 12 months. The last 20 days have seen an average of 15,518,314 shares traded, while the 50-day average volume stands at 10,702,878.
ORCL stock has decreased by -12.02% in the last month. The company shares reached their 1-month lowest point of $103.27 on 09/28/23. With the stock rallying to its 52-week high on 06/15/23, shares of the company touched a low of $60.78 and a high of $127.54 in 52 weeks. It has reached a new high 38 times so far this year and achieved 29.86% or $24.41 in price. In spite of this, the price is down -16.77% from the 52-week high.
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Insider Transactions
ORCL stock investors should be aware that Oracle Corp. (ORCL) stock had its last reported insider trading activity 84 days ago on Jul 07. In this transaction, the insider spent $423,200. EVP, Chief Accounting Officer, Smith Maria, disposed of 1,320 shares at a price of $116.78 on Jul 05. The insider now owns more than $154,150 worth of shares. Prior to that, Executive Chairman ELLISON LAWRENCE JOSEPH went on to Sale 1,750,000 shares at $118.79 each on Jun 23. An amount of $207,880,605 was transacted.
Valuation Metrics
Oracle Corp. (ORCL) has a trailing price-to-earnings (P/E) ratio of 31.58. The stock’s beta is 1.02. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 5.65, the price-to-book (PB) ratio at 122.68, and the price-to-cash flow ratio at 30.47.
Financial Health
The quick ratio of Oracle Corp. for the three months ended August 30 was 0.87, and the current ratio was 0.87, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 35.63 and a total debt to equity ratio of 37.53 for the quarter ending August 30. Oracle Corp.’s EBITDA margin for the year ending August 30 is 39.80%, while its operating margin for the same period stands at 28.02%. Its gross profit as reported stood at $36.39 billion compared to revenue of $49.95 billion.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Oracle Corp.’s return on assets was 7.02%.
Earnings Surprise
For the three-month period that ended August 30, Oracle Corp. had $84.44 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 $2.42 billion in the quarter, while revenues of $3.32 billion were grew 36.03%. The analyst consensus anticipated Oracle Corp.’s latest quarter earnings to come in at $1.15 per share, but it turned out to be $1.19, a 3.50% surprise. For the quarter, EBITDA amounted to $4.77 billion. Shareholders own equity worth $2.74 billion.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Oracle Corp. (ORCL) price momentum. RSI 9-day as of the close on 28 September was 31.27%, suggesting the stock is Neutral, with historical volatility in this time frame at 22.84%.
As of today, ORCL’s price is $106.60 -3.00% or -$3.28 from its 5-day moving average. ORCL is currently trading -12.36% lower than its 20-day SMA and +9.47% higher than its 100-day SMA. However, the stock’s current price level is -10.57% below the SMA50 and +32.92% above the SMA200.
The stochastic %K and %D were 6.56% and 5.38%, respectively, and the average true range (ATR) was 3.24. With the 14-day stochastic at 11.93% and the average true range at 3.31, the RSI (14) stands at 35.05%. The stock has reached -3.70 on the 9-day MACD Oscillator while the 14-day reading was at -5.93.
Analyst Ratings
HSBC Securities launched coverage on Oracle Corp. (NYSE: ORCL) in its analyst report released on September 15, 2023. The firm assigned the stock a Buy rating.
