Stocks of Oracle Corp (NYSE:ORCL) traded higher last session on Wall Street, up 0.93% to $161.03.
ORCL stock price is now -8.67% away from the 50-day moving average and 7.43% away from the 200-day moving average. The market capitalization of the company currently stands at $450.39B.
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With the price target of $214, Cantor Fitzgerald recently initiated with Overweight rating for Oracle Corp (NYSE: ORCL). On December 20, 2024, Monness Crespi & Hardt Downgraded its previous ‘Neutral’ rating to ‘Sell’ on the stock keeping its target price maintained at $130, while ‘RBC Capital Mkts’ rates the stock as ‘Sector Perform’
In other news, James Renee Jo, Former Director bought 9,375 shares of the company’s stock on Jan 14 ’25. The stock was bought for $1,451,164 at an average price of $154.79. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 16 ’24, EVP, Chief Accounting Officer Smith Maria sold 6,320 shares of the business’s stock. A total of $1,042,800 was realized by selling the stock at an average price of $165.00. This leaves the insider owning 42,889 shares of the company worth $6.91 million. A total of 41.20% of the company’s stock is owned by insiders.
During the past 12 months, Oracle Corp has had a low of $105.68 and a high of $198.31. As of last week, the company has a debt-to-equity ratio of 6.45, a current ratio of 0.81, and a quick ratio of 0.81. According to the stock market information, the enterprise value for the company is $601787858944, which is based on a 39.41 price-to-earnings ratio, a 3.70 price-to-earnings-growth ratio, and a beta of 1.05. The fifty day moving average price for ORCL is $176.3206 and a two-hundred day moving average price translates $149.8975 for the stock.
The latest earnings results from Oracle Corp (NYSE: ORCL) was released for 2024-08-31. The net profit margin was 21.16% and return on equity was 132.00% 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. For the current quarter, analysts expect ORCL to generate $14.39B in revenue.
