Okta Inc (OKTA) concluded trading on Thursday at a closing price of $111.49, with 3.31 million shares of worth about $368.64 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 27.42% during that period and on Thursday the price saw a gain of about 2.38%. Currently the company’s common shares owned by public are about 159.84M shares, out of which, 157.30M shares are available for trading.
Stock saw a price change of 3.90% in past 5 days and over the past one month there was a price change of 36.20%. Year-to-date (YTD), OKTA shares are showing a performance of 23.15% which increased to 30.52% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $65.04 but also hit the highest price of $112.08 during that period. The average intraday trading volume for Okta Inc shares is 2.51 million. The stock is currently trading 22.30% above its 20-day simple moving average (SMA20), while that difference is up 27.51% for SMA50 and it goes to 41.98% higher than SMA200.
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Okta Inc (NASDAQ: OKTA) currently have 159.84M outstanding shares and institutions hold larger chunk of about 78.61% of that.
The stock has a current market capitalization of $18.66B and its 3Y-monthly beta is at 1.00. It has posted earnings per share of -$2.18 in the same period. It has Quick Ratio of 1.61 while making debt-to-equity ratio of 0.22. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for OKTA, volatility over the week remained 3.73% while standing at 4.05% over the month.
Analysts are in expectations that Okta Inc (OKTA) stock would likely to be making an EPS of $0.54 in the current quarter, while forecast for next quarter EPS is $0.54 and it is $2.69 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.45 which is $0.55 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.22 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 42.13% while it is estimated to increase by 14.77% in next year. EPS is likely to grow at an annualized rate of 25.00% for next 5-years, compared to annual growth of -13.20% made by the stock over the past 5-years.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by BofA Securities on February 29, 2024 offering a Buy rating for the stock and assigned a target price of $135 to it. Coverage by Mizuho stated Okta Inc (OKTA) stock as a Neutral in their note to investors on January 08, 2024, suggesting a price target of $85 for the stock. On January 05, 2024, Jefferies Downgrade their recommendations, while on December 15, 2023, Susquehanna Initiated their ratings for the stock with a price target of $75. Stock get a Market perform rating from BMO Capital Markets on November 30, 2023.
