In yesterday’s Wall Street session, Oracle Corp. (NYSE:ORCL) shares traded at $141.31, up 2.30% from the previous session.
ORCL stock price is now 16.70% away from the 50-day moving average and 23.22% away from the 200-day moving average. The market capitalization of the company currently stands at $388.39B.
Top 5 Artificial Intelligence Stocks to Buy for 2024
By now, you're well aware of the artificial intelligence boom. You know Big Tech has been investing billions of dollars into it.
According to Next Move Strategy Consulting, the AI market – currently valued at about $100 billion – cold grow twenty-fold by 2030 to more than $2 trillion. That means you may want to strongly consider these top AI stocks. Get our free report, "Top 5 AI Stocks to Buy in 2024."
Click here to automatically get the our FREE Report & Special Offer "5 Best AI Stocks to Invest In"
Sponsored
With the price target enhanced from $142 to $160, BMO Capital Markets maintained Market Perform rating for Oracle Corp. (NYSE: ORCL). , while ‘KeyBanc Capital Markets’ rates the stock as ‘Overweight’
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 $12.36 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 $2.52 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 $142.40. As of last week, the company has a debt-to-equity ratio of 9.40, a current ratio of 0.72, and a quick ratio of 0.85. According to the stock market information, the enterprise value for the company is $465234427904, which is based on a 38.11 price-to-earnings ratio, a 3.49 price-to-earnings-growth ratio, and a beta of 1.01. The fifty day moving average price for ORCL is $121.4126 and a two-hundred day moving average price translates $114.7809 for the stock.
The latest earnings results from Oracle Corp. (NYSE: ORCL) was released for 2024-05-31. The net profit margin was 19.76% and return on equity was 203.01% for ORCL. The company reported revenue of $14.29 billion for the quarter, compared to $13.84 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 3.26 percent.
