Okta Inc Stock Price on April 11, 2024
| OKTA Stock | USD 93.34 0.36 0.39% |
Below is the normalized historical share price chart for Okta Inc extending back to April 07, 2017. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Okta stands at 93.34, as last reported on the 1st of May, with the highest price reaching 95.41 and the lowest price hitting 92.03 during the day.
If you're considering investing in Okta Stock, it is important to understand the factors that can impact its price. Okta appears to be very steady, given 3 months investment horizon. Okta Inc maintains Sharpe Ratio (i.e., Efficiency) of 0.0573, which implies the firm had a 0.0573% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Okta Inc, which you can use to evaluate the volatility of the company. Please evaluate Okta's Coefficient Of Variation of 1778.7, semi deviation of 1.85, and Risk Adjusted Performance of 0.0442 to confirm if our risk estimates are consistent with your expectations.
At present, Okta's Total Stockholder Equity is projected to increase significantly based on the last few years of reporting. The current year's Liabilities And Stockholders Equity is expected to grow to about 9.4 B, whereas Common Stock Total Equity is forecasted to decline to about 10.2 K. . At present, Okta's Price Book Value Ratio is projected to increase significantly based on the last few years of reporting. The current year's Price Earnings To Growth Ratio is expected to grow to 0.69, whereas Price To Sales Ratio is forecasted to decline to 5.68. Okta Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
IPO Date 7th of April 2017 | 200 Day MA 83.5443 | 50 Day MA 99.437 | Beta 0.956 |
Okta |
Sharpe Ratio = 0.0573
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 3.45 actual daily | 30 70% of assets are more volatile |
Expected Return
| 0.2 actual daily | 3 97% of assets have higher returns |
Risk-Adjusted Return
| 0.06 actual daily | 4 96% of assets perform better |
Based on monthly moving average Okta is performing at about 4% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Okta by adding it to a well-diversified portfolio.
Price Book 2.7936 | Enterprise Value Ebitda (63.44) | Price Sales 7.2684 | Shares Float 159.1 M | Wall Street Target Price 113.83 |
Okta Main Headline on 11th of April 2024
Okta, Inc. Shares Could Be 30 percent Below Their Intrinsic ... by finance.yahoo.com
Key Insights The projected fair value for Okta is US142 based on 2 Stage Free Cash Flow to Equity Oktas US99.45...
Okta Valuation on April 11, 2024
It is possible to determine the worth of Okta on a given historical date. On April 11, 2024 Okta was worth 100.0 at the beginning of the trading date compared to the closed value of 100.8. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Okta stock. Still, in general, we apply an absolute valuation method to find Okta's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Okta where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Okta's related companies.
| Open | High | Low | Close | Volume | |
| 98.62 | 100.47 | 98.62 | 99.45 | 951,383 | |
04/11/2024 | 100.00 | 101.25 | 99.35 | 100.80 | 965,115 |
| 100.76 | 100.76 | 97.78 | 98.26 | 1,552,259 |
| Backtest Okta | | | Okta History | | | Okta Valuation | Previous | Next |
Okta Trading Date Momentum on April 11, 2024
| On April 12 2024 Okta Inc was traded for 98.26 at the closing time. The top price for the day was 100.76 and the lowest listed price was 97.78 . The trading volume for the day was 1.6 M. The trading history from April 12, 2024 was a factor to the next trading day price decrease. The trading delta at closing time against the next closing price was 2.52% . The trading delta at closing time against the current closing price is 8.42% . |
Okta Inc Fundamentals Correlations and Trends
By evaluating Okta's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Okta's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Okta financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Okta Stock history
Okta investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Okta is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Okta Inc will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Okta stock prices may prove useful in developing a viable investing in Okta
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 163.6 M | 129.5 M | |
| Net Loss | -733.5 M | -696.8 M |
Okta Quarterly Net Working Capital |
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Okta Stock Technical Analysis
Okta technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
Okta Period Price Range
Low | April 11, 2024
| High |
100.00 | 100.80 |
Okta May 1, 2024 Market Strength
Market strength indicators help investors to evaluate how Okta stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Okta shares will generate the highest return on investment. By undertsting and applying Okta stock market strength indicators, traders can identify Okta Inc entry and exit signals to maximize returns
Okta Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Okta's price direction in advance. Along with the technical and fundamental analysis of Okta Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Okta to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.0442 | |||
| Jensen Alpha | 0.0923 | |||
| Total Risk Alpha | (0.08) | |||
| Sortino Ratio | 0.0686 | |||
| Treynor Ratio | 0.0994 |
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| Volume Indicators |
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Okta Inc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate. You can also try the Options Analysis module to analyze and evaluate options and option chains as a potential hedge for your portfolios.
Complementary Tools for Okta Stock analysis
When running Okta's price analysis, check to measure Okta's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Okta is operating at the current time. Most of Okta's value examination focuses on studying past and present price action to predict the probability of Okta's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Okta's price. Additionally, you may evaluate how the addition of Okta to your portfolios can decrease your overall portfolio volatility.
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Is Okta's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Okta. If investors know Okta will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Okta listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (2.17) | Revenue Per Share 13.83 | Quarterly Revenue Growth 0.186 | Return On Assets (0.03) | Return On Equity (0.06) |
The market value of Okta Inc is measured differently than its book value, which is the value of Okta that is recorded on the company's balance sheet. Investors also form their own opinion of Okta's value that differs from its market value or its book value, called intrinsic value, which is Okta's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Okta's market value can be influenced by many factors that don't directly affect Okta's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Okta's value and its price as these two are different measures arrived at by different means. Investors typically determine if Okta is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Okta's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.