Okta Inc Stock Performance
| OKTA Stock | USD 93.76 0.61 0.65% |
On a scale of 0 to 100, Okta holds a performance score of 4. The company holds a Beta of 1.93, which implies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Okta will likely underperform. Please check Okta's expected short fall, and the relationship between the value at risk and daily balance of power , to make a quick decision on whether Okta's historical price patterns will revert.
Risk-Adjusted Performance
4 of 100
Weak | Strong |
Insignificant
Compared to the overall equity markets, risk-adjusted returns on investments in Okta Inc are ranked lower than 4 (%) of all global equities and portfolios over the last 90 days. Despite somewhat unsteady basic indicators, Okta sustained solid returns over the last few months and may actually be approaching a breakup point. ...more
Actual Historical Performance (%)
One Day Return (0.25) | Five Day Return 0.93 | Year To Date Return 8.2 | Ten Year Return 300.4 | All Time Return 300.4 |
1 | Okta, Inc. Shares Acquired by Qube Research Technologies Ltd | 03/01/2024 |
2 | Earnings Estimates Moving Higher for Okta Time to Buy | 03/06/2024 |
3 | Acquisition by Shibu Ninan of 1095 shares of Okta subject to Rule 16b-3 | 03/11/2024 |
4 | Disposition of 302 shares by Brett Tighe of Okta subject to Rule 16b-3 | 03/15/2024 |
5 | Is It Time To Consider Buying Okta, Inc. | 03/21/2024 |
6 | Investors Heavily Search Okta, Inc. Here is What You Need to Know | 04/04/2024 |
7 | Spotting Winners Rapid7 And Cybersecurity Stocks In Q4 | 04/08/2024 |
8 | History Says the Dow Jones Could Soar 2 Top AI Stocks to Buy Now and Hold During the Bull Market | 04/09/2024 |
9 | Heres Why Okta Fell More Than Broader Market | 04/10/2024 |
10 | Vontobel Holding Ltd. Acquires 60,7 Shares of Okta, Inc. - MarketBeat | 04/15/2024 |
11 | Okta Exceeds Market Returns Some Facts to Consider | 04/16/2024 |
12 | Bull of the Day CyberArk Software | 04/17/2024 |
13 | Lineage Announces Appointment of New Board Member | 04/23/2024 |
| Begin Period Cash Flow | 271 M |
Okta |
Okta Relative Risk vs. Return Landscape
If you would invest 8,477 in Okta Inc on January 26, 2024 and sell it today you would earn a total of 899.00 from holding Okta Inc or generate 10.61% return on investment over 90 days. Okta Inc is currently generating 0.2192% in daily expected returns and assumes 3.5452% risk (volatility on return distribution) over the 90 days horizon. In different words, 31% of stocks are less volatile than Okta, and 96% of all traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon. Expected Return |
| Risk |
Okta Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Okta's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Okta Inc, and traders can use it to determine the average amount a Okta's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.0618
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | OKTA | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 3.55 actual daily | 31 69% of assets are more volatile |
Expected Return
| 0.22 actual daily | 4 96% 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.
Okta Fundamentals Growth
Okta Stock prices reflect investors' perceptions of the future prospects and financial health of Okta, and Okta fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Okta Stock performance.
| Return On Equity | -0.0625 | |||
| Return On Asset | -0.0314 | |||
| Profit Margin | (0.16) % | |||
| Operating Margin | (0.09) % | |||
| Current Valuation | 14.89 B | |||
| Shares Outstanding | 160.11 M | |||
| Price To Earning | (7.58) X | |||
| Price To Book | 2.79 X | |||
| Price To Sales | 7.27 X | |||
| Revenue | 2.26 B | |||
| Gross Profit | 1.31 B | |||
| EBITDA | (295 M) | |||
| Net Income | (355 M) | |||
| Cash And Equivalents | 2.48 B | |||
| Cash Per Share | 15.59 X | |||
| Total Debt | 1.3 B | |||
| Debt To Equity | 0.44 % | |||
| Current Ratio | 2.38 X | |||
| Book Value Per Share | 35.23 X | |||
| Cash Flow From Operations | 512 M | |||
| Earnings Per Share | (2.17) X | |||
| Market Capitalization | 15.82 B | |||
| Total Asset | 8.99 B | |||
| Retained Earnings | (2.83 B) | |||
| Working Capital | 1.2 B | |||
| Current Asset | 256.13 M | |||
| Current Liabilities | 194.97 M | |||
About Okta Performance
To evaluate Okta Inc Stock as a possible investment, you need to clearly understand its upside potential, downside risk, and overall future performance outlook. You may be satisfied when Okta generates a 15% return over the last few months, but what if the market is generating 25% over the same period? In this case, it makes sense to compare Okta Stock's performance with different market indexes, such as the Dow or NASDAQ Composite. These indexes can act as benchmarks that will help you to understand Okta Inc market performance in a much more refined way. The Macroaxis performance score is an integer between 0 and 100 that represents Okta's market performance from a risk-adjusted return perspective. Generally speaking, the higher the score, the better is overall performance as compared to other investors. The score is normalized against the average investing universe (the best we can interpret from the data available). Within this methodology, scores of individual equity instruments will always be inferior to the scores of portfolios of equities as portfolios typically diversify a lot of unsystematic risks away. The formula to derive the Macroaxis score bases on multiple unequally-weighted factors. For more information, refer to our portfolio performance evaluation section.
Please also refer to our technical analysis and fundamental analysis pages.| Last Reported | Projected for Next Year | ||
| Days Of Inventory On Hand | 55.35 | 58.12 | |
| Return On Tangible Assets | (0.10) | (0.11) | |
| Return On Capital Employed | (0.07) | (0.07) | |
| Return On Assets | (0.04) | (0.04) | |
| Return On Equity | (0.06) | (0.06) |
Things to note about Okta Inc performance evaluation
Checking the ongoing alerts about Okta for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for Okta Inc help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| Okta Inc had very high historical volatility over the last 90 days | |
| The company reported the previous year's revenue of 2.26 B. Net Loss for the year was (355 M) with profit before overhead, payroll, taxes, and interest of 1.31 B. | |
| Over 87.0% of the company shares are owned by institutional investors | |
| Latest headline from finance.yahoo.com: Lineage Announces Appointment of New Board Member |
- Analyzing Okta's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Okta's stock is overvalued or undervalued compared to its peers.
- Examining Okta's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating Okta's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Okta's management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of Okta's stock. These opinions can provide insight into Okta's potential for growth and whether the stock is currently undervalued or overvalued.
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 Idea Optimizer module to use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio .
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.
| Equity Analysis Research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities | |
| Global Correlations Find global opportunities by holding instruments from different markets | |
| Content Syndication Quickly integrate customizable finance content to your own investment portal | |
| CEOs Directory Screen CEOs from public companies around the world | |
| Companies Directory Evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals | |
| Pattern Recognition Use different Pattern Recognition models to time the market across multiple global exchanges | |
| Risk-Return Analysis View associations between returns expected from investment and the risk you assume | |
| Watchlist Optimization Optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm |
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.