On Friday, Okta Inc (NASDAQ: OKTA) was 1.89% up from the session before settling in for the closing price of $85.67. A 52-week range for OKTA has been $70.56 – $114.50.
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Over the past five-year period, the growth rate of yearbook sales for the company of the Technology sector was 41.93%. When this article was written, the company’s average yearly earnings per share was at 73.09%. With a float of $161.56 million, this company’s outstanding shares have now reached $163.60 million.
Considering the fact that the conglomerate employs 5908 people, you should pay attention to its efficiency factor. In terms of profitability, gross margin is 76.12%, operating margin of -6.51%, and the pretax margin is -1.14%.
Okta Inc (OKTA) Insider Activity
Also, it is sometimes useful to examine the sentiment of large-scale investors toward Okta Inc stocks. The insider ownership of Okta Inc is 5.78%, while institutional ownership is 80.90%. The most recent insider transaction that took place on Dec 30 ’24, was worth 217,672. In this transaction an insider of this company sold 2,704 shares at a rate of $80.50, taking the stock ownership to the 24,462 shares. Before that another transaction happened on Dec 30 ’24, when Company’s Officer proposed sale 2,704 for $81.64, making the entire transaction worth $220,755.
Okta Inc (OKTA) Earnings and Forecasts
Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.7 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 73.09% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 24.50% during the next five years compared to -13.20% drop over the previous five years of trading.
Okta Inc (NASDAQ: OKTA) Trading Performance Indicators
You can see what Okta Inc (OKTA) is doing with its current performance indicators. In the most recent quarter, the stock posted a quick ratio of 1.29. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 5.91. Likewise, its price to free cash flow for the trailing twelve months is 23.82.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.34, a number that is poised to hit 0.74 in the next quarter and is forecasted to reach 2.93 in one year’s time.
Technical Analysis of Okta Inc (OKTA)
Compared to the last year’s volume of 2.72 million, its volume of 2.41 million showed lagged in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 83.80%. Additionally, its Average True Range was 2.65.
During the past 100 days, Okta Inc’s (OKTA) raw stochastic average was set at 57.00%, which indicates a significant decrease from 97.79% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 28.59% in the past 14 days, which was lower than the 42.39% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $80.66, while its 200-day Moving Average is $86.17. Nevertheless, the first resistance level for the watch stands at $87.89 in the near term. At $88.49, the stock is likely to face the second major resistance level. The third major resistance level sits at $89.48. If the price goes on to break the first support level at $86.29, it is likely to go to the next support level at $85.30. Should the price break the second support level, the third support level stands at $84.70.
Okta Inc (NASDAQ: OKTA) Key Stats
There are 171,355K outstanding shares of the company, which has a market capitalization of 14.96 billion. As of now, sales total 2,263 M while income totals -355,000 K. Its latest quarter income was 665,000 K while its last quarter net income were 16,000 K.
