Oracle Corp (NYSE:ORCL) shares traded -1.77% lower at $183.74 on Wall Street last session.
ORCL stock price is now 6.74% away from the 50-day moving average and 32.78% away from the 200-day moving average. The market capitalization of the company currently stands at $500.15B.
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With the price target of $165, RBC Capital Mkts recently initiated with Sector Perform rating for Oracle Corp (NYSE: ORCL). On September 16, 2024, Melius Upgraded its previous ‘Hold’ rating to ‘Buy’ on the stock keeping its target price maintained at $210, while ‘JMP Securities’ rates the stock as ‘Mkt Outperform’
In other news, Smith Maria, EVP, Chief Accounting Officer sold 6,320 shares of the company’s stock on Sep 16 ’24. The stock was sold for $1,042,800 at an average price of $165.00. Upon completion of the transaction, the EVP, Chief Accounting Officer now directly owns 42,889 shares in the company, valued at $7.88 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 16 ’24, Officer Smith Maria bought 6,320 shares of the business’s stock. A total of $1,042,800 was incurred on buying the stock at an average price of $165.00. A total of 41.67% 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 $191.77. 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 $583194640384, which is based on a 47.40 price-to-earnings ratio, a 3.74 price-to-earnings-growth ratio, and a beta of 1.03. The fifty day moving average price for ORCL is $172.1402 and a two-hundred day moving average price translates $138.37505 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.
