Oracle Corp. (NYSE:ORCL) shares traded 0.09% higher at $117.19 on Wall Street last session.
ORCL stock price is now -3.13% away from the 50-day moving average and 2.70% away from the 200-day moving average. The market capitalization of the company currently stands at $322.10B.
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On March 21, 2024, KeyBanc Capital Markets recently initiated its ‘Overweight’ rating on the stock quoting a target price of $150, while ‘Argus’ rates the stock as ‘Buy’
In other news, BOSKIN MICHAEL J, Director sold 45,000 shares of the company’s stock on May 07 ’24. The stock was sold for $5,298,196 at an average price of $117.74. Upon completion of the transaction, the Director now directly owns 87,473 shares in the company, valued at $10.25 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 03 ’24, Director CONRADES GEORGE H sold 20,000 shares of the business’s stock. A total of $2,320,000 was realized by selling the stock at an average price of $116.00. This leaves the insider owning 17,836 shares of the company worth $2.09 million. A total of 41.92% of the company’s stock is owned by insiders.
During the past 12 months, Oracle Corp. has had a low of $99.26 and a high of $132.77. As of last week, the company has a debt-to-equity ratio of 15.65, a current ratio of 0.85, and a quick ratio of 0.85. According to the stock market information, the enterprise value for the company is $400733339648, which is based on a 30.97 price-to-earnings ratio, a 2.89 price-to-earnings-growth ratio, and a beta of 1.01. The fifty day moving average price for ORCL is $120.7312 and a two-hundred day moving average price translates $114.1098 for the stock.
The latest earnings results from Oracle Corp. (NYSE: ORCL) was released for 2024-02-29. According to the Software – Infrastructure Company, earnings per share came in at 1.67, beating analysts’ expectations of 1.58 by 0.09. This compares to $0.68 EPS in the same period last year. The net profit margin was 20.27% and return on equity was 664.77% for ORCL. The company reported revenue of $13.28 billion for the quarter, compared to $12.4 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 7.11 percent. For the current quarter, analysts expect ORCL to generate $14.59B in revenue.
