Oracle Corporation [ORCL] gain 2.42% so far this year. What now?

Oracle Corporation [NYSE: ORCL] jumped around 1.98 points on Tuesday, while shares priced at $83.72 at the close of the session, up 2.42%. The company report on December 22, 2022 that For the Fifth Year, Oracle Scores Highest in All Use Cases in 2022 Gartner® Critical Capabilities for Cloud Database Management Systems for Operational Use Cases.

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Gartner recognizes Oracle as a Leader in the 2022 Magic Quadrant™ for Cloud Database Management Systems.

Oracle today announced that it has been recognized by Gartner in three recently published cloud database reports. Oracle is a Leader in the 2022 Gartner “Magic Quadrant™ for Cloud Database Management Systems”. For the fifth year in a row, Oracle Autonomous Transaction Processing (ATP) scored highest in all four Use Cases in the 2022 Gartner “Critical Capabilities for Cloud Database Management Systems for Operational Use Cases” report. Oracle Autonomous Data Warehouse (ADW) ranked 2nd in all Use Cases in the 2022 Gartner “Critical Capabilities for Cloud Database Management Systems for Analytical Use Cases” report.

Oracle Corporation stock is now 2.42% up from its year-to-date (YTD) trading value. ORCL Stock saw the intraday high of $83.84 and lowest of $82.26 per share. The company’s 52-week high price is 89.58, which means current price is +1.77% above from all time high which was touched on 01/03/23.

Compared to the average trading volume of 8.19M shares, ORCL reached a trading volume of 8706186 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about Oracle Corporation [ORCL]?

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for ORCL shares is $89.89 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on ORCL stock is a recommendation set at 2.60. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

KeyBanc Capital Markets have made an estimate for Oracle Corporation shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on October 21, 2022. The new note on the price target was released on October 20, 2022, representing the official price target for Oracle Corporation stock. Previously, the target price had yet another raise to $72, while Berenberg analysts kept a Hold rating on ORCL stock.

The Average True Range (ATR) for Oracle Corporation is set at 1.70, with the Price to Sales ratio for ORCL stock in the period of the last 12 months amounting to 4.88. Price to Free Cash Flow for ORCL in the course of the last twelve months was 45.29 with Quick ratio for the last quarter at 0.60.

How has ORCL stock performed recently?

Oracle Corporation [ORCL] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 3.55. With this latest performance, ORCL shares dropped by -0.46% in over the last four-week period, additionally plugging by 16.29% over the last 6 months – not to mention a drop of -4.00% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for ORCL stock in for the last two-week period is set at 63.82, with the RSI for the last a single of trading hit 68.42, and the three-weeks RSI is set at 61.83 for Oracle Corporation [ORCL]. The present Moving Average for the last 50 days of trading for this stock 79.19, while it was recorded at 81.63 for the last single week of trading, and 74.59 for the last 200 days.

Oracle Corporation [ORCL]: Deeper insight into the fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Oracle Corporation [ORCL] shares currently have an operating margin of +37.38 and a Gross Margin at +76.37. Oracle Corporation’s Net Margin is presently recorded at +15.83.

Oracle Corporation’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.60 and a Current Ratio set at 0.60.

Earnings analysis for Oracle Corporation [ORCL]

The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for ORCL. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Oracle Corporation go to 10.25%.

Insider trade positions for Oracle Corporation [ORCL]

There are presently around $93,646 million, or 42.70% of ORCL stock, in the hands of institutional investors. The top three institutional holders of ORCL stocks are: VANGUARD GROUP INC with ownership of 135,890,240, which is approximately -0.869% of the company’s market cap and around 42.60% of the total institutional ownership; BLACKROCK INC., holding 113,579,974 shares of the stock with an approximate value of $9.51 billion in ORCL stocks shares; and STATE STREET CORP, currently with $5.15 billion in ORCL stock with ownership of nearly -1.513% of the company’s market capitalization.

Positions in Oracle Corporation stocks held by institutional investors increased at the end of December and at the time of the December reporting period, where 949 institutional holders increased their position in Oracle Corporation [NYSE:ORCL] by around 66,995,750 shares. Additionally, 959 investors decreased positions by around 64,364,126 shares, while 371 investors held positions by with 987,197,797 shares. The mentioned changes placed institutional holdings at 1,118,557,673 shares, according to the latest SEC report filing. ORCL stock had 108 new institutional investments in for a total of 24,082,623 shares, while 177 institutional investors sold positions of 12,361,013 shares during the same period.


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