P/E Ratio Insights for Oracle
Portfolio Pulse from Benzinga Insights
Oracle Inc.'s shares are trading at $107.00, after a 1.25% decrease. Over the past month, the stock fell by 15.29%, but over the past year, it increased by 71.89%. Oracle's P/E ratio is 32.15, lower than the Software industry average of 68.77, which could indicate that the stock is undervalued or has weak growth prospects.
October 06, 2023 | 1:00 pm
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NEUTRAL IMPACT
Oracle's stock fell by 15.29% over the past month but increased by 71.89% over the past year. Its P/E ratio is lower than the industry average, which could suggest that the stock is undervalued or has weak growth prospects.
Oracle's stock has shown mixed performance with a recent decrease but a significant increase over the past year. Its lower P/E ratio compared to the industry average could suggest that the stock is undervalued, which could attract investors. However, it could also indicate weak growth prospects, which could deter some investors. The impact on the stock price in the short term is uncertain, hence the neutral score.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100