Okta Inc (OKTA) concluded trading on Thursday at a closing price of $83.02, with 2.51 million shares of worth about $208.33 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -10.12% during that period and on December 26, 2024 the price saw a loss of about -0.20%. Currently the company’s common shares owned by public are about 163.60M shares, out of which, 161.42M shares are available for trading.
Stock saw a price change of 1.98% in past 5 days and over the past one month there was a price change of 8.52%. Year-to-date (YTD), OKTA shares are showing a performance of -8.30% which decreased to -9.49% 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 2.87 million. The stock is currently trading 0.37% above its 20-day simple moving average (SMA20), while that difference is up 6.48% for SMA50 and it goes to -5.38% lower than SMA200.
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Okta Inc (NASDAQ: OKTA) currently have 163.60M outstanding shares and institutions hold larger chunk of about 80.75% of that.
The stock has a current market capitalization of $14.23B 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 2.65% while standing at 3.60% over the month.
Stock’s fiscal year EPS is expected to rise by 73.09% while it is estimated to increase by 5.65% in next year. EPS is likely to grow at an annualized rate of 27.50% 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 KeyBanc Capital Markets on December 19, 2024 offering an Overweight rating for the stock and assigned a target price of $115 to it. Coverage by JP Morgan stated Okta Inc (OKTA) stock as an Overweight in their note to investors on December 16, 2024, suggesting a price target of $100 for the stock. On December 05, 2024, Bernstein Upgrade their recommendations, while on December 04, 2024, Susquehanna Reiterated their ratings for the stock with a price target of $95. Stock get a Buy rating from Stifel on December 04, 2024.
