Okta Inc [NASDAQ: OKTA] loss -0.20% or -0.17 points to close at $83.02 with a heavy trading volume of 2509402 shares.
The daily chart for OKTA points out that the company has recorded -10.12% loss over the past six months.
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If we look at the average trading volume of 2.87M shares, OKTA reached to a volume of 2509402 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about Okta Inc [OKTA]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for OKTA shares is $104.35 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on OKTA stock is a recommendation set at 2.12. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
KeyBanc Capital Markets have made an estimate for Okta Inc shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on December 19, 2024. The new note on the price target was released on December 16, 2024, representing the official price target for Okta Inc stock. Previously, the target price had yet another raise from $123 to $129, while Bernstein kept a Outperform rating on OKTA stock. On December 04, 2024, analysts increased their price target for OKTA shares from 85 to 95.
The Average True Range (ATR) for Okta Inc is set at 2.79, with the Price to Sales ratio for OKTA stock in the period of the last 12 months amounting to 5.62. The Price to Book ratio for the last quarter was 2.27, with the Price to Cash per share for the same quarter was set at 13.13. Price to Free Cash Flow for OKTA in the course of the last twelve months was 22.65 with Quick ratio for the last quarter at 1.29.
Trading performance analysis for OKTA stock
Okta Inc [OKTA] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 1.98. With this latest performance, OKTA shares gained by 8.52% in over the last four-week period, additionally sinking by -10.12% over the last 6 months – not to mention a drop of -9.49% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for OKTA stock in for the last two-week period is set at 55.04, with the RSI for the last a single of trading hit 53.16, and the three-weeks RSI is set at 55.26 for Okta Inc [OKTA]. The present Moving Average for the last 50 days of trading for this stock 77.97, while it was recorded at 82.96 for the last single week of trading, and 87.74 for the last 200 days.
Okta Inc [OKTA]: A deeper dive into fundamental analysis
Okta Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.29 and a Current Ratio set at 1.29.
Okta Inc [OKTA]: An earnings per share (EPS) analysis
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for OKTA. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Okta Inc go to 27.50%.
An analysis of Institutional ownership at Okta Inc [OKTA]
There are presently around $86.78%, or 87.27%% of OKTA stock, in the hands of institutional investors. The top three institutional holders of OKTA stocks are: FMR LLC with ownership of 17.04 million shares, which is approximately 10.1745%. VANGUARD GROUP INC, holding 16.61 million shares of the stock with an approximate value of $$1.55 billion in OKTA stocks shares; and VANGUARD GROUP INC, currently with $$897.06 million in OKTA stock with ownership which is approximately 5.7224%.
