Oracle Corp. (ORCL) stock hits $166.28: Is it a good time to buy or wait for a dip?

Oracle Corp. [ORCL] stock prices are up 0.29% to $166.28 at the moment. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The ORCL shares have gain 1.06% over the last week, with a monthly amount glided 19.71%, and seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

Oracle Corp. [NYSE: ORCL] stock has seen the most recent analyst activity on September 16, 2024, when Melius upgraded its rating to a Buy but kept the price target unchanged to $210 for it. Previously, JMP Securities upgraded its rating to Mkt Outperform on September 10, 2024, and kept the price target unchanged to $175. On September 10, 2024, BMO Capital Markets reiterated its Market Perform rating and revised its price target to $173 on the stock. BMO Capital Markets reiterated its Market Perform rating and increased its price target to $160 on June 17, 2024. Oppenheimer initiated its recommendation with a Perform. KeyBanc Capital Markets started tracking with a Overweight rating for this stock on March 21, 2024, and assigned it a price target of $150. In a note dated March 14, 2024, Argus upgraded an Buy rating on this stock.

The stock price of Oracle Corp. [ORCL] has been fluctuating between $99.26 and $173.99 over the past year. Currently, Wall Street analysts expect the stock to reach $147.03 within the next 12 months. Oracle Corp. [NYSE: ORCL] shares were valued at $166.28 at the most recent close of the market. An investor can expect a potential drop of -11.58% based on the average ORCL price forecast.

Analyzing the ORCL fundamentals

The Oracle Corp. [NYSE:ORCL] reported sales of 53.81B for trailing twelve months, representing a surge of 6.86%. Gross Profit Margin for this corporation currently stands at 0.7% with Operating Profit Margin at 0.3%, Pretax Profit Margin comes in at 0.23%, 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 1.46 and Total Capital is 0.14. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of7.5.

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 165.04 points at the first support level, and at 163.81 for the second support level. However, for the 1st resistance point, the stock is sitting at 168.13, and for the 2nd resistance point, it is at 169.99.

Ratios To Look Out For

It’s worth pointing out that Oracle Corp. [NYSE:ORCL]’s Current Ratio is 0.72. Further, the Quick Ratio stands at 0.72, while the Cash Ratio is 0.33. Considering the valuation of this stock, the price to sales ratio is 8.56, the price to book ratio is 42.60 and price to earnings (TTM) ratio is 42.89.

Transactions by insiders

Recent insider trading involved Smith Maria, EVP, Chief Accounting Officer, that happened on Sep 16 ’24 when 6320.0 shares were sold. Officer, Smith Maria completed a deal on Sep 16 ’24 to buy 6320.0 shares. Meanwhile, Director PANETTA LEON E sold 15000.0 shares on Jul 18 ’24.

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