Home
News
- 1 After following a bearish outlook, ORCL stock price showed bull’s power.
- 2 In the recent weekly and monthly price analysis, ORCL stock price took a bullish surge.
Mid-June 2023, Oracle Corp. (NYSE: ORCL) released its fourth quarter (Q4) 2022 report. During the period, ORCL stock price was trading nearly at $117.00. After which, ORCL share price rose nearly to the trading price of $126.00 and then started sliding down. By showing the dominance of active bears in the market, Oracle share price at present is trading near its 20-day moving average.
As the present scenario of ORCL stock shows price decline, the activeness of bears is clearly seen. Notably, the trading volume of Oracle stock also showed decline as compared to the trading volume near to Q4 2022 result. By following the bearish market trend, the RSI of ORCL stock also started sliding down. However, in the recent week, bulls have started showing their dominance.
Analysis Report: ORCL Stock Price
Almost after a month after releasing the Q4 2022 report, Oracle stock price started showing a bearish trend. Since the last 1 month, ORCL stock price has shown over 4% of price drop. Also, the stock price showed over 42% price rise in its year-to-date (YTD) analysis. On its most recent trading session on July 13, 2023, yesterday, ORCL share price opened at $117.09, noted high at $118.58 while the low was $116.76.
Moreover, during yesterday’s trading session, ORCL share price closed at $117.45 by adding $1.43 and marking 1.23% of surge. Whereas, the weekly price gain of Oracle stock was 2.43%. This shows that since last 1-week ORCL share price started gaining bulls’ dominance. However, the trading volume of stock is average at present whereas the RSI has started its upside journey.
In the last 1-month Oracle stock price slid down from the trading price nearly $127.00 to its recent closing price. That is showing bearish market sentiment followed by the AI stock. Notably, late last month the stock price was showing bearish sentiments. But as bulls started pulling the stock price upside then it can be expected that ORCL stock price once again showed weekly price gain.
The analysts have also set their 1-year price target at $128.52 that is up more than 9% from the recent closing price of Oracle stock. This price target also shows that according to the analysts’ forecast, they have added $11.07. Moreover, they have set their maximum estimate at $150.00 whereas the minimum estimate is $82.50, as shown in the above chart.
Q4 2022 Earnings and Revenue Report of Oracle Corp.
Oracle Corp. (NYSE: ORCL), an American computer software company, has a market cap of nearly $318.79 Billion. ORCL price-to-sales ratio is 6.49 while the company has an Enterprise Value to EBITDA ratio of 20.28. Its dividends are paid quarterly and the last dividend per share was $0.40. As of now, Dividend Yield (TTM)% is 1.17%. Oracle Corp. released its Q4 2022 report on June 12, 2023.
According to the company’s Q4 2022 report, its total revenue is $13.84 Billion, which is 11.61% higher compared to the previous quarter. The gross profit of Oracle is $9.24 Billion and has a net income of $3.32 Billion. Its reported earnings per share (EPS) is $1.67 whereas the estimate was $1.58. Moreover, the reported revenue is $13.84 Billion while the estimate was $13.74 Billion.
The estimated EPS for the next quarter (Q1) 2023 is $1.15, whereas the revenue is expected to reach $12.43 Billion. Oracle Corporation’s revenue for the last year amounted to $49.95 Billion. The most of which nearly $41.09 Billion came from its highest performing source at the moment, Cloud and License. The U.S. made the greatest contribution to the revenue figure which last year brought it to $27.54 Billion.
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational ideas only and do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.
Nancy J. Allen is a crypto enthusiast, with a major in macroeconomics and minor in business statistics. She believes that cryptocurrencies inspire people to be their own banks, and step aside from traditional monetary exchange systems. She is also intrigued by blockchain technology and its functioning. She frequently researches, and posts content on the top altcoins, their theoretical working principles and technical price predictions.
