Okta Inc (OKTA) concluded trading on Thursday at a closing price of $83.91, with 2.61 million shares of worth about $219.0 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -4.91% during that period and on December 12, 2024 the price saw a loss of about -1.28%. Currently the company’s common shares owned by public are about 163.60M shares, out of which, 161.45M shares are available for trading.
Stock saw a price change of 0.47% in past 5 days and over the past one month there was a price change of 7.27%. Year-to-date (YTD), OKTA shares are showing a performance of -7.31% which increased to 8.99% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $70.56 but also hit the highest price of $114.50 during that period. The average intraday trading volume for Okta Inc shares is 2.69 million. The stock is currently trading 6.02% above its 20-day simple moving average (SMA20), while that difference is up 9.61% for SMA50 and it goes to -5.61% lower than SMA200.
Okta Inc (NASDAQ: OKTA) currently have 163.60M outstanding shares and institutions hold larger chunk of about 80.74% of that.
The stock has a current market capitalization of $14.38B and its 3Y-monthly beta is at 1.01. It has posted earnings per share of -$0.34 in the same period. It has Quick Ratio of 1.29 while making debt-to-equity ratio of 0.15. 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 2.99% while standing at 3.77% over the month.
Stock’s fiscal year EPS is expected to rise by 72.90% while it is estimated to increase by 5.18% 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 Bernstein on December 05, 2024 offering an Outperform rating for the stock and assigned a target price range of between $123 and $129 to it. Coverage by Susquehanna stated Okta Inc (OKTA) stock as a Neutral in their note to investors on December 04, 2024, suggesting a price target of $95 for the stock. On December 04, 2024, Stifel Reiterated their recommendations, while on December 04, 2024, Robert W. Baird Reiterated their ratings for the stock with a price target of $105. Stock get a Neutral rating from Piper Sandler on December 04, 2024.
