Oracle’s stock, traded under the ticker symbol ORCL on the New York Stock Exchange, ended a six-day winning streak by closing in the red. The company had seen a 3.1% increase in its stock price over the previous trading sessions. Despite this recent decline, Oracle’s shares closed down by just 0.02% at $124.61, below its 52-week high of $132.77. Over the past year, the stock has gained 22.5% in value.
During the month of May, Oracle has experienced five consecutive days of negative closes, following a trend from April where the stock closed negatively in 15 out of 22 sessions. The Seeking Alpha Quantitative rating system has given Oracle a “Hold” rating with a score of 3.43 out of 5. In terms of profitability, the company received an A+ grade, with a B- for momentum, and a C for growth outlook. However, its valuation only received a D- grade.
Analysts from Wall Street have varying opinions on Oracle’s stock. Fifteen analysts rate it as a “Strong Buy,” four as a “Buy,” and fourteen recommend holding the stock. Only one analyst has given it a “Strong Sell” rating. Overall, Seeking Alpha analysts view the stock as a “Buy.”
HedgeMix, a Seeking Alpha contributor, highlighted Oracle’s potential as an investment due to the company’s momentum in the AI and cloud business. Despite facing stiff competition, Oracle has shown strong growth in both AI and cloud sectors. The company’s Gen2 AI cloud infrastructure has been a distinguishing factor, offering advantages over legacy database solutions. Oracle is positioned as a leader in providing fast and comprehensive cloud solutions, backed by Nvidia hardware.
In summary, Oracle’s recent decline in stock price marked the end of a six-day winning streak. Despite this setback, the company has seen significant gains over the past year. Analysts have mixed opinions on the stock, with some recommending buying while others suggest holding. HedgeMix views Oracle as a promising investment due to its strong performance in the AI and cloud businesses.
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