A new trading day began on Monday, with Okta Inc (NASDAQ: OKTA) stock price up 0.01% from the previous day of trading, before settling in for the closing price of $73.23. OKTA’s price has ranged from $65.04 to $114.50 over the past 52 weeks.
Here's Your FREE Report on the #1 Small-Cap Uranium Stock of '24.
Small-cap Uranium stocks are booming in 2024! The company we're about to show you is the ONLY small-cap stock in the space that benefits from ALL aspects of the global Uranium industry with none of the risks of running a mine. Smart investors will not be hesitating on this one!
Get the FREE Report with all the details here.
Sponsored
A company in the Technology sector has jumped its sales by 41.93% annually for the last half of the decade. Meanwhile, its annual earnings per share averaged 63.01%. With a float of $159.73 million, this company’s outstanding shares have now reached $159.84 million.
In an organization with 5908 employees, it is important to assess its efficiency. In terms of profitability, gross margin is 75.82%, operating margin of -10.6%, and the pretax margin is -5.22%.
Okta Inc (OKTA) Insider Updates
As we move forward, let’s examine how large-scale investors are investing in this stock of the Software – Infrastructure Industry. The insider ownership of Okta Inc is 5.96%, while institutional ownership is 81.38%. The most recent insider transaction that took place on Nov 04 ’24, was worth 199,556. Before that another transaction happened on Oct 18 ’24, when Company’s Chief Executive Officer sold 224,533 for $74.62, making the entire transaction worth $16,755,557. This insider now owns 0 shares in total.
Okta Inc (OKTA) Performance Highlights and Predictions
In its latest quarterly report, released on 7/31/2024, the company reported earnings of 0.44 per share, which was $0.1 higher than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.67 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 63.01% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 25.00% during the next five years compared to -13.20% drop over the previous five years of trading.
Okta Inc (NASDAQ: OKTA) Trading Performance Indicators
Here are Okta Inc’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 1.76. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 5.17. Likewise, its price to free cash flow for the trailing twelve months is 20.34.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.83, a number that is poised to hit 0.59 in the next quarter and is forecasted to reach 2.87 in one year’s time.
Technical Analysis of Okta Inc (OKTA)
Let’s dig in a bit further. During the last 5-days, its volume was 1.54 million. That was inferior than the volume of 1.93 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 43.35%. Additionally, its Average True Range was 1.76.
During the past 100 days, Okta Inc’s (OKTA) raw stochastic average was set at 8.88%, which indicates a significant decrease from 29.05% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 23.66% in the past 14 days, which was lower than the 42.43% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $75.68, while its 200-day Moving Average is $89.75. However, in the short run, Okta Inc’s stock first resistance to watch stands at $74.31. Second resistance stands at $75.37. The third major resistance level sits at $77.07. If the price goes on to break the first support level at $71.55, it is likely to go to the next support level at $69.85. Assuming the price breaks the second support level, the third support level stands at $68.79.
Okta Inc (NASDAQ: OKTA) Key Stats
With a market capitalization of 12.67 billion, the company has a total of 169,862K Shares Outstanding. Currently, annual sales are 2,263 M while annual income is -355,000 K. The company’s previous quarter sales were 646,000 K while its latest quarter income was 29,000 K.
