The stock of Okta Inc (OKTA) has gone up by 3.93% for the week, with a 1.24% rise in the past month and a -16.64% drop in the past quarter. The volatility ratio for the week is 1.97%, and the volatility levels for the past 30 days are 2.23% for OKTA. The simple moving average for the past 20 days is 6.69% for OKTA’s stock, with a -11.01% simple moving average for the past 200 days.
Is It Worth Investing in Okta Inc (NASDAQ: OKTA) Right Now?
Company’s 36-month beta value is 1.00.Analysts have differing opinions on the stock, with 3 analysts rating it as a “buy,” 2 as “overweight,” 4 as “hold,” and 0 as “sell.”
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The public float for OKTA is 160.07M, and currently, short sellers hold a 1.90% ratio of that floaft. The average trading volume of OKTA on November 13, 2024 was 2.13M shares.
OKTA) stock’s latest price update
The stock price of Okta Inc (NASDAQ: OKTA) has surged by 1.79 when compared to previous closing price of 78.22, but the company has seen a 3.93% gain in its stock price over the last five trading sessions. schaeffersresearch.com reported 2024-11-12 that Okta Inc (NASDAQ:OKTA) stock is 1.9% lower ahead of the opening bell, looking to start today’s session around the $77 mark on the heels of a sour analyst note.
Analysts’ Opinion of OKTA
Many brokerage firms have already submitted their reports for OKTA stocks, with Deutsche Bank repeating the rating for OKTA by listing it as a “Hold.” The predicted price for OKTA in the upcoming period, according to Deutsche Bank is $85 based on the research report published on November 12, 2024 of the current year 2024.
Needham, on the other hand, stated in their research note that they expect to see OKTA reach a price target of $100. The rating they have provided for OKTA stocks is “Buy” according to the report published on October 17th, 2024.
BMO Capital Markets gave a rating of “Market Perform” to OKTA, setting the target price at $103 in the report published on August 29th of the current year.
OKTA Trading at 6.91% 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 -30.46% of loss for the given period.
Volatility was left at 2.23%, however, over the last 30 days, the volatility rate increased by 1.97%, as shares surge +5.49% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +6.14% upper at present.
During the last 5 trading sessions, OKTA rose by +4.27%, which changed the moving average for the period of 200-days by -6.44% in comparison to the 20-day moving average, which settled at $74.64. In addition, Okta Inc saw -12.05% 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 Schwartz Larissa, who sale 2,791 shares at the price of $71.50 back on Nov 04 ’24. After this action, Schwartz Larissa now owns 22,125 shares of Okta Inc, valued at $199,556 using the latest closing price.
LARISSA N SCHWARTZ, the Officer of Okta Inc, proposed sale 2,791 shares at $71.50 during a trade that took place back on Nov 04 ’24, which means that LARISSA N SCHWARTZ is holding shares at $199,556 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 0.15 points at debt to capital in total, while cash flow to debt ratio is standing at 0.57. The debt to equity ratio resting at 0.18. The interest coverage ratio of the stock is -43.33.
Currently, EBITDA for the company is -230.0 million with net debt to EBITDA at -18.08. When we switch over and look at the enterprise to sales, we see a ratio of 5.61. 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 a nutshell, Okta Inc (OKTA) has experienced a mixed performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. 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.
