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Wednesday, February 8, 2023

Is Oracle Corporation (NYSE: ORCL) No Longer A Good Investment?

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. After-hours trades for Oracle Corporation (ORCL) shows that investor sentiment remained same, with the stock’s consolidated last price remained same to $84.31. The Oracle Corporation has recorded 172,731 volume in the after hours trading session. Most recently, Yahoo Finance reported about the stock as it publicized 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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Stocks Info

ORCL belongs to the Technology sector of the NYSE while operating in the Software – Infrastructure industry. At the end of the last regular session, the stock closed at $84.31 and fluctuated between $85.40 as its day high and $83.22 as its day low. The current market capitalization of Oracle Corporation is $226.38B. A total of 7.62 million shares were traded on the day, compared to an average of 8.15M shares.

Insider Activity

Investors also take into account insider trades in predicting how the stock will perform in the future. During the recent three months, ORCL has seen 2 BUY and 2 SELL insider trades, representing the acquisition of 290,000 and the disposition of 290,000 shares. Over the last 12 months, there were 38 BUYs and 30 SELLs from insiders. Insiders purchased 13,546,708 shares during that period but sold 6,225,877.

In the most recent transaction, HENLEY JEFFREY sold 400,000 shares of ORCL for 82.00 per share on Dec 14. After the transaction, the Vice Chairman now owns 1,792,688 company shares. In a previous transaction on Nov 15, BOSKIN MICHAEL J sold 90,000 shares at 80.08 per share. ORCL shares that Director owns now total 82,607.

Among the insiders who sold shares, Screven Edward disposed of 200,000 shares on Oct 27 at a per-share price of $74.90. This resulted in the Chief Corporate Architect holding 2,543,033 shares of ORCL after the transaction. In another insider transaction, Screven Edward sold 419,174 shares at $69.22 per share on Jun 29. Company shares held by the Chief Corporate Architect now total 2,492,613.

Dividend

Paying dividends generates immediate cash flow for investors and indicates a positive outlook for the company. Oracle Corporation pays an annual dividend of $1.28, resulting in a dividend yield of 1.52%, and it has a price to earnings (P/E) ratio of 26.33. ORCL’s most recent ex-dividend date was 1/9/2023 when it declared a $0.32 quarterly dividend that was paid in cash on 1/24/2023. Previously, the company paid the dividend on 10/25/2022 with an ex-dividend date of 10/11/2022. The ORCL stock dividend was $0.32 per share in cash.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. According to analysts who have offered 12-month price targets for ORCL in the last 3 months, the mean price target is $90.32 with high estimates of $120.00 and low estimates of $55.00. In terms of 52-week highs and lows, ORCL has a high of $89.52 and a low of $60.78.

As of this writing, ORCL has an earnings estimate of $1.18 per share for the current quarter. EPS was calculated based on a consensus of 21 estimates, with a high estimate of $1.2 per share and a lower estimate of $1.15. The company reported an EPS of $1.54 in the last quarter, which was 12.40% higher than expectations of $1.37.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Currently, 31 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for ORCL is Sell with a score of 3.65. A total of 10 analysts rated the stock as Buy while 1 rated it as Overweight while 17 rated it as Hold. Among the other participants, 1 thought the stock was Underweight and 2 thought it should be Sold.

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