The 36-month beta value for OKTA is also noteworthy at 1.01. There are mixed opinions on the stock, with 3 analysts rating it as a “buy,” 2 rating it as “overweight,” 4 rating it as “hold,” and 0 rating it as “sell.”
The public float for OKTA is 159.73M, and at present, short sellers hold a 2.24% of that float. The average trading volume of OKTA on October 31, 2024 was 2.15M shares.
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OKTA) stock’s latest price update
Okta Inc (NASDAQ: OKTA) has seen a decline in its stock price by -1.91 in relation to its previous close of 73.81. However, the company has experienced a 0.33% gain in its stock price over the last five trading sessions. zacks.com reported 2024-10-28 that OKTA is riding on an expanding clientele, driven by the strong adoption of its Identity Threat Protection solution within a challenging macroeconomic environment.
OKTA’s Market Performance
Okta Inc (OKTA) has seen a 0.33% rise in stock performance for the week, with a -0.25% decline in the past month and a -20.77% plunge in the past quarter. The volatility ratio for the week is 1.86%, and the volatility levels for the past 30 days are at 2.15% for OKTA. The simple moving average for the past 20 days is -2.62% for OKTA’s stock, with a -19.45% simple moving average for the past 200 days.
Analysts’ Opinion of OKTA
Many brokerage firms have already submitted their reports for OKTA stocks, with Needham repeating the rating for OKTA by listing it as a “Buy.” The predicted price for OKTA in the upcoming period, according to Needham is $100 based on the research report published on October 17, 2024 of the current year 2024.
BMO Capital Markets, on the other hand, stated in their research note that they expect to see OKTA reach a price target of $103, previously predicting the price at $100. The rating they have provided for OKTA stocks is “Market Perform” according to the report published on August 29th, 2024.
BofA Securities gave a rating of “Underperform” to OKTA, setting the target price at $75 in the report published on August 29th of the current year.
OKTA Trading at -6.21% 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 -36.77% of loss for the given period.
Volatility was left at 2.15%, however, over the last 30 days, the volatility rate increased by 1.86%, as shares surge +0.01% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -25.83% lower at present.
During the last 5 trading sessions, OKTA rose by +0.33%, which changed the moving average for the period of 200-days by -12.41% in comparison to the 20-day moving average, which settled at $74.35. In addition, Okta Inc saw -20.03% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at OKTA starting from McKinnon Todd, who sale 224,533 shares at the price of $74.62 back on Oct 18 ’24. After this action, McKinnon Todd now owns 0 shares of Okta Inc, valued at $16,755,557 using the latest closing price.
Addison Jonathan James, the Chief Revenue Officer of Okta Inc, sale 9,850 shares at $77.63 during a trade that took place back on Oct 14 ’24, which means that Addison Jonathan James is holding 14,601 shares at $764,648 based on the most recent closing price.
Stock Fundamentals for OKTA
Current profitability levels for the company are sitting at:
- -0.11 for the present operating margin
- 0.76 for the gross margin
The net margin for Okta Inc stands at -0.06. The total capital return value is set at -0.04. Equity return is now at value -2.31, with -1.53 for asset returns.
Based on Okta Inc (OKTA), the company’s capital structure generated -0.03 points at debt to capital in total, while cash flow to debt ratio is standing at -3.65. The debt to equity ratio resting at -0.03. The interest coverage ratio of the stock is -43.33.
Currently, EBITDA for the company is -295.0 million with net debt to EBITDA at -7.12. When we switch over and look at the enterprise to sales, we see a ratio of 5.08. The receivables turnover for the company is 6.5for trailing twelve months and the total asset turnover is 0.27. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.76.
Conclusion
In summary, Okta Inc (OKTA) has had a mixed performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” 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.
