Okta Inc Stock Price on May 20, 2024
| OKTA Stock | USD 88.68 0.13 0.15% |
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 88.68, as last reported on the 3rd of June, with the highest price reaching 91.59 and the lowest price hitting 86.25 during the day.
If you're considering investing in Okta Stock, it is important to understand the factors that can impact its price. Okta Inc maintains Sharpe Ratio (i.e., Efficiency) of -0.17, which implies the firm had a -0.17% return per unit of risk over the last 3 months. Okta Inc exposes thirty different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Okta's Coefficient Of Variation of 4548.67, risk adjusted performance of 0.0218, and Semi Deviation of 1.82 to confirm the risk estimate we provide.
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 86.3659 | 50 Day MA 98.1656 | Beta 0.979 |
Okta |
Sharpe Ratio = -0.1695
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | OKTA |
Estimated Market Risk
| 1.67 actual daily | 14 86% of assets are more volatile |
Expected Return
| -0.28 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.17 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Okta is not performing at its full potential. However, 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 Okta to a well-diversified portfolio.
Price Book 2.7936 | Enterprise Value Ebitda (63.44) | Price Sales 7.2684 | Shares Float 159.3 M | Wall Street Target Price 115.06 |
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Okta Valuation on May 20, 2024
It is possible to determine the worth of Okta on a given historical date. On May 20, 2024 Okta was worth 102.85 at the beginning of the trading date compared to the closed value of 102.63. 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 | |
| 100.94 | 104.11 | 100.54 | 102.96 | 2,727,220 | |
05/20/2024 | 102.85 | 103.25 | 101.25 | 102.63 | 1,064,799 |
| 101.71 | 102.33 | 101.30 | 101.38 | 950,869 |
| Backtest Okta | | | Okta History | | | Okta Valuation | Previous | Next |
Okta Trading Date Momentum on May 20, 2024
| On May 21 2024 Okta Inc was traded for 101.38 at the closing time. The top price for the day was 102.33 and the lowest listed price was 101.30 . The trading volume for the day was 950.9 K. The trading history from May 21, 2024 was a factor to the next trading day price decrease. The trading delta at closing time against the next closing price was 1.22% . The trading delta at closing time against the current closing price is 1.65% . |
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 | May 20, 2024
| High |
102.85 | 102.63 |
Okta June 3, 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
| Accumulation Distribution | 20625.65 | |||
| Daily Balance Of Power | (0.11) | |||
| Rate Of Daily Change | 1.0 | |||
| Day Median Price | 102.25 | |||
| Day Typical Price | 102.38 | |||
| Price Action Indicator | 0.27 | |||
| Period Momentum Indicator | (13.95) | |||
| Relative Strength Index | 41.59 |
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 | 0.0218 | |||
| Jensen Alpha | 0.0178 | |||
| Total Risk Alpha | (0.12) | |||
| Sortino Ratio | 0.0146 | |||
| Treynor Ratio | 0.0493 |
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| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| 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 Price Transformation module to use Price Transformation models to analyze the depth of different equity instruments across global markets.
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 (1.67) | Revenue Per Share 14.3 | Quarterly Revenue Growth 0.191 | Return On Assets (0.02) | Return On Equity (0.05) |
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.