A share price of Oracle Corp. [ORCL] is currently trading at $114.54, up 2.02%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The ORCL shares have gain 2.56% over the last week, with a monthly amount drifted -0.66%, and not seem to be holding up well over a long-time horizon.
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On 4, March 2024, Oracle Sets the Date for its Third Quarter Fiscal Year 2024 Earnings Announcement. In a post published today on Yahoo Finance, Earnings Results to be released on March 11, 2024, After the Close of the Market.
From an analyst’s perspective:
Oracle Corp. [NYSE: ORCL] stock has seen the most recent analyst activity on December 12, 2023, when BMO Capital Markets reiterated its Market Perform rating and also revised its price target to $126 from $130. Previously, Edward Jones upgraded its rating to Buy on November 13, 2023. On October 09, 2023, upgrade upgraded it’s rating to Outperform and revised its price target to $135 on the stock. HSBC Securities started tracking the stock assigning a Buy rating and suggested a price target of $144 on September 15, 2023. DZ Bank upgraded its rating to a Buy but $125 remained the price target by the analyst firm on September 14, 2023. JP Morgan downgraded its rating to Neutral for this stock on September 13, 2023, and downed its price target to $100. In a note dated September 12, 2023, Monness Crespi & Hardt downgraded an Neutral rating on this stock.
Oracle Corp. experienced fluctuations in its stock price throughout the past year between $82.04 and $127.54. Currently, Wall Street analysts expect the stock to reach $111.52 within the next 12 months. Oracle Corp. [NYSE: ORCL] shares were valued at $114.54 at the most recent close of the market. An investor can expect a potential drop of -2.64% based on the average ORCL price forecast.
Analyzing the ORCL fundamentals
Trailing Twelve Months sales for Oracle Corp. [NYSE:ORCL] were 51.63B which represents 5.43% growth. Gross Profit Margin for this corporation currently stands at 0.72% with Operating Profit Margin at 0.29%, Pretax Profit Margin comes in at 0.2%, and Net Profit Margin reading is 0.2%. To continue investigating profitability, this company’s Return on Assets is posted at 0.08, Equity is 5.91 and Total Capital is 0.13. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of20.28.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 112.95 points at the first support level, and at 111.37 for the second support level. However, for the 1st resistance point, the stock is sitting at 115.46, and for the 2nd resistance point, it is at 116.39.
Oracle Corp. [ORCL] reported earnings per share of $1.23 for its fiscal quarter that ended on 11/29/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $1.22/share, meaning a difference of $0.01 and a surprise factor of 0.80%. By comparison, the stated earnings for the previous quarter ended on 8/30/2023 were $1.19 per share as compared to estimates of $1.15 per share, a difference of $0.04 representing a surprise of 3.50%.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Oracle Corp. [NYSE:ORCL] is 0.79. As well, the Quick Ratio is 0.79, while the Cash Ratio is 0.34. Considering the valuation of this stock, the price to sales ratio is 6.10, the price to book ratio is 81.42 and price to earnings (TTM) ratio is 31.68.
Transactions by insiders
Recent insider trading involved SELIGMAN NAOMI O, Director, that happened on Dec 22 ’23 when 16300.0 shares were sold. Director, CONRADES GEORGE H completed a deal on Nov 13 ’23 to sell 2325.0 shares. Meanwhile, Director CONRADES GEORGE H sold 2325.0 shares on Nov 10 ’23.
