Okta Inc (NASDAQ: OKTA) on Friday, plunged -4.25% from the previous trading day, before settling in for the closing price of $76.93. Within the past 52 weeks, OKTA’s price has moved between $66.69 and $114.50.
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Technology Sector giant saw their annual sales surged by 41.93% over the last five years. The company achieved an average annual earnings per share of 63.00%. With a float of $160.27 million, this company’s outstanding shares have now reached $169.86 million.
The firm has a total of 5908 workers. Let’s measure their productivity. 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 Activity
Observing investor behavior towards Software – Infrastructure industry stocks is more important than anything else. The insider ownership of Okta Inc is 5.76%, while institutional ownership is 81.38%. The most recent insider transaction that took place on Nov 04 ’24, was worth 199,556. In this transaction an insider of this company sold 2,791 shares at a rate of $71.50, taking the stock ownership to the 22,125 shares. Before that another transaction happened on Nov 04 ’24, when Company’s Officer proposed sale 2,791 for $71.50, making the entire transaction worth $199,556.
Okta Inc (OKTA) Earnings and Forecasts
As on 7/31/2024, Multinational firm has announced its last quarter scores, in which it reported 0.44 earnings per share (EPS) for the period topping the consensus outlook (set at 0.29) by 0.15. 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 63.00% 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
Okta Inc (OKTA) is currently performing well based on its current performance indicators. A quick ratio of 1.76 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 4.89. Likewise, its price to free cash flow for the trailing twelve months is 19.23.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.83, a number that is poised to hit 0.58 in the next quarter and is forecasted to reach 2.86 in one year’s time.
Technical Analysis of Okta Inc (OKTA)
Analysing the last 5-days average volume posted by the [Okta Inc, OKTA], we can find that recorded value of 1.84 million was lower than the volume posted last year of 1.92 million. As of the previous 9 days, the stock’s Stochastic %D was 51.02%. Additionally, its Average True Range was 2.04.
During the past 100 days, Okta Inc’s (OKTA) raw stochastic average was set at 10.28%, which indicates a significant decrease from 27.99% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 29.75% in the past 14 days, which was lower than the 43.19% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $74.52, while its 200-day Moving Average is $89.38. Now, the first resistance to watch is $75.73. This is followed by the second major resistance level at $77.80. The third major resistance level sits at $79.11. If the price goes on to break the first support level at $72.35, it is likely to go to the next support level at $71.04. Should the price break the second support level, the third support level stands at $68.97.
Okta Inc (NASDAQ: OKTA) Key Stats
Market capitalization of the company is 11.98 billion based on 169,862K outstanding shares. Right now, sales total 2,263 M and income totals -355,000 K. The company made 646,000 K in profit during its latest quarter, and 29,000 K in sales during its previous quarter.
