Okta Inc Stock Price on December 6, 2024

OKTA Stock  USD 83.60  0.32  0.38%   
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 83.60, as last reported on the 24th of December, with the highest price reaching 83.64 and the lowest price hitting 81.86 during the day.
IPO Date
7th of April 2017
200 Day MA
88.1247
50 Day MA
77.6501
Beta
1.013
 
Covid
If you're considering investing in Okta Stock, it is important to understand the factors that can impact its price. At this point, Okta is very steady. Okta Inc maintains Sharpe Ratio (i.e., Efficiency) of 0.093, which implies the firm had a 0.093% 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 check Okta's Coefficient Of Variation of 1156.98, risk adjusted performance of 0.075, and Semi Deviation of 1.73 to confirm if the risk estimate we provide is consistent with the expected return of 0.18%.
  
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 Earnings To Growth Ratio is projected to increase slightly based on the last few years of reporting. The current year's Price To Free Cash Flows Ratio is expected to grow to 29.10, 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.

Sharpe Ratio = 0.093

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Estimated Market Risk

 1.97
  actual daily
17
83% of assets are more volatile

Expected Return

 0.18
  actual daily
3
97% of assets have higher returns

Risk-Adjusted Return

 0.09
  actual daily
7
93% of assets perform better
Based on monthly moving average Okta is performing at about 7% 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
2.2866
Enterprise Value Ebitda
217.2878
Price Sales
5.8423
Shares Float
161.2 M
Wall Street Target Price
103.5811

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Okta Valuation on December 6, 2024

It is possible to determine the worth of Okta on a given historical date. On December 6, 2024 Okta was worth 83.87 at the beginning of the trading date compared to the closed value of 84.79. 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
  87.19    89.80    83.34    83.52    6,821,977  
12/06/2024
  83.87    85.34    82.69    84.79    5,291,875  
  85.05    85.39    82.46    83.20    3,359,248  
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Open Value
83.87
84.79
Closing Value
89.77
Upside

Okta Trading Date Momentum on December 6, 2024

On December 09 2024 Okta Inc was traded for  83.20  at the closing time. The top price for the day was 85.39  and the lowest listed price was  82.46 . The trading volume for the day was 3.4 M. The trading history from December 9, 2024 was a factor to the next trading day price decrease. The trading delta at closing time against the next closing price was 1.88% . The trading delta at closing time against the current closing price is 0.92% .

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 ReportedProjected for Next Year
Common Stock Shares Outstanding163.6 M129.5 M
Net Loss-733.5 M-696.8 M

Okta Quarterly Net Working Capital

769 Million

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.
A focus of Okta technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Okta trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Price Boundaries

Okta Period Price Range

Low
December 24, 2024
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High

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Okta Inc cannot be verified against its exchange. Please verify the symbol is currently traded on NASDAQ Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.

Okta December 24, 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.

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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