In yesterday’s Wall Street session, Oracle Corp. (NYSE:ORCL) shares traded at $170.33, up 5.12% from the previous session.
ORCL stock price is now 21.73% away from the 50-day moving average and 37.69% away from the 200-day moving average. The market capitalization of the company currently stands at $471.98B.
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With the price target maintained at $210, Melius recently Upgraded its rating from Hold to Buy for Oracle Corp. (NYSE: ORCL). On September 10, 2024, JMP Securities Upgraded its previous ‘Mkt Perform’ rating to ‘Mkt Outperform’ on the stock keeping its target price maintained at $175, while ‘BMO Capital Markets’ rates the stock as ‘Market Perform’
In other news, Smith Maria, Officer bought 6,320 shares of the company’s stock on Sep 16 ’24. The stock was bought for $1,042,800 at an average price of $165.00. An SEC document containing details of the transaction can be found on the SEC’s website. On Jul 18 ’24, Director PANETTA LEON E sold 15,000 shares of the business’s stock. A total of $2,068,350 was realized by selling the stock at an average price of $137.89. This leaves the insider owning 58,090 shares of the company worth $9.89 million. A total of 41.82% 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 $173.93. As of last week, the company has a debt-to-equity ratio of 7.81, a current ratio of 0.72, and a quick ratio of 0.72. According to the stock market information, the enterprise value for the company is $546035990528, which is based on a 43.94 price-to-earnings ratio, a 3.81 price-to-earnings-growth ratio, and a beta of 0.99. The fifty day moving average price for ORCL is $140.4334 and a two-hundred day moving average price translates $123.9737 for the stock.
The latest earnings results from Oracle Corp. (NYSE: ORCL) was released for 2024-08-31. The net profit margin was 20.40% and return on equity was 166.48% for ORCL. The company reported revenue of $13.31 billion for the quarter, compared to $12.45 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 6.86 percent.
