The stock price of Okta Inc. (NASDAQ: OKTA) has jumped by 0.08 compared to previous close of 84.67. Despite this, the company has seen a gain of 4.37% in its stock price over the last five trading days. Barron’s reported on 03/10/23 that Okta Stock Has Been on a Tear. Why There’s Still Time to Buy.
Is It Worth Investing in Okta Inc. (NASDAQ: OKTA) Right Now?
and a 36-month beta value of 1.10. Opinions on the stock are mixed, with 24 analysts rating it as a “buy,” 2 as “overweight,” 12 as “hold,” and 3 as “sell.”
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The average price predicted for Okta Inc. (OKTA) by analysts is $93.11, which is $9.0 above the current market price. The public float for OKTA is 152.81M, and at present, short sellers hold a 3.30% of that float. On May 25, 2023, the average trading volume of OKTA was 2.32M shares.
OKTA’s Market Performance
OKTA stock saw an increase of 4.37% in the past week, with a monthly gain of 22.38% and a quarterly increase of 17.25%. The volatility ratio for the week is 3.68%, and the volatility levels for the last 30 days are 3.68% for Okta Inc. (OKTA). The simple moving average for the last 20 days is 10.29% for OKTA’s stock, with a simple moving average of 20.41% for the last 200 days.
OKTA Trading at 7.82% from the 50-Day Moving Average
After a stumble in the market that brought OKTA to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -23.90% of loss for the given period.
Volatility was left at 3.68%, however, over the last 30 days, the volatility rate increased by 3.68%, as shares surge +20.79% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +1.66% upper at present.
During the last 5 trading sessions, OKTA rose by +4.19%, which changed the moving average for the period of 200-days by -16.60% in comparison to the 20-day moving average, which settled at $77.56. In addition, Okta Inc. saw 24.01% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at OKTA starting from Kerrest Jacques Frederic, who sale 100 shares at the price of $75.99 back on Apr 24. After this action, Kerrest Jacques Frederic now owns 601 shares of Okta Inc., valued at $7,599 using the latest closing price.
McKinnon Todd, the Chief Executive Officer of Okta Inc., sale 3,117 shares at $82.48 during a trade that took place back on Mar 16, which means that McKinnon Todd is holding 22,813 shares at $257,085 based on the most recent closing price.
Stock Fundamentals for OKTA
Current profitability levels for the company are sitting at:
- -41.77 for the present operating margin
- +70.61 for the gross margin
The net margin for Okta Inc. stands at -43.86. The total capital return value is set at -9.83, while invested capital returns managed to touch -10.38. Equity return is now at value -15.00, with -8.90 for asset returns.
Based on Okta Inc. (OKTA), the company’s capital structure generated 43.30 points at debt to equity in total, while total debt to capital is 30.22. Total debt to assets is 25.43, with long-term debt to equity ratio resting at 42.72. Finally, the long-term debt to capital ratio is 29.81.
When we switch over and look at the enterprise to sales, we see a ratio of 7.17, with the company’s debt to enterprise value settled at 0.21. The receivables turnover for the company is 4.15 and the total asset turnover is 0.20. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.14.
Conclusion
To sum up, Okta Inc. (OKTA) has seen a better performance recently. Analysts have differing views on the stock, with some seeing it as a “sell” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
