In yesterday’s Wall Street session, Oracle Corp. (NYSE:ORCL) shares traded at $134.26, up 1.27% from the previous session.
ORCL stock price is now -1.50% away from the 50-day moving average and 11.86% away from the 200-day moving average. The market capitalization of the company currently stands at $370.00B.
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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, PANETTA LEON E, Director sold 15,000 shares of the company’s stock on Jul 18 ’24. The stock was sold for $2,068,350 at an average price of $137.89. Upon completion of the transaction, the Director now directly owns 58,090 shares in the company, valued at $7.8 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jul 16 ’24, Executive Chairman ELLISON LAWRENCE JOSEPH sold 1,125,000 shares of the business’s stock. A total of $160,401,270 was realized by selling the stock at an average price of $142.58. This leaves the insider owning 1,145,732,353 shares of the company worth $153.83 billion. A total of 41.81% 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 $146.59. As of last week, the company has a debt-to-equity ratio of 10.85, a current ratio of 0.72, and a quick ratio of 0.70. According to the stock market information, the enterprise value for the company is $454289752064, which is based on a 36.22 price-to-earnings ratio, a 3.41 price-to-earnings-growth ratio, and a beta of 1.01. The fifty day moving average price for ORCL is $136.6504 and a two-hundred day moving average price translates $120.19085 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 214.11% 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.
