Okta Inc (OKTA) concluded trading on Thursday at a closing price of $75.45, with 6.45 million shares of worth about $486.63 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -23.59% during that period and on November 21, 2024 the price saw a gain of about 2.39%. Currently the company’s common shares owned by public are about 169.86M shares, out of which, 160.27M shares are available for trading.
Stock saw a price change of -1.92% in past 5 days and over the past one month there was a price change of 4.56%. Year-to-date (YTD), OKTA shares are showing a performance of -16.66% which increased to 6.24% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $66.69 but also hit the highest price of $114.50 during that period. The average intraday trading volume for Okta Inc shares is 2.20 million. The stock is currently trading 0.81% above its 20-day simple moving average (SMA20), while that difference is up 1.04% for SMA50 and it goes to -15.42% lower than SMA200.
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Okta Inc (NASDAQ: OKTA) currently have 169.86M outstanding shares and institutions hold larger chunk of about 81.38% of that.
The stock has a current market capitalization of $12.82B and its 3Y-monthly beta is at 0.99. It has posted earnings per share of -$0.83 in the same period. It has Quick Ratio of 1.76 while making debt-to-equity ratio of 0.20. 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 3.59% while standing at 2.58% over the month.
Stock’s fiscal year EPS is expected to rise by 62.99% while it is estimated to increase by 9.52% 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 Barclays on November 19, 2024 offering an Equal weight rating for the stock and assigned a target price of $81 to it. Coverage by Deutsche Bank stated Okta Inc (OKTA) stock as a Hold in their note to investors on November 12, 2024, suggesting a price target of $85 for the stock. On October 17, 2024, Needham Resumed their recommendations, while on August 29, 2024, BMO Capital Markets Reiterated their ratings for the stock with a price target of $103. Stock get an Underperform rating from BofA Securities on August 29, 2024.
