Okta Inc. (NASDAQ:OKTA) shares fell to a low of $223.28 before closing at $224.94. Intraday shares traded counted 1.51 million, which was 23.6% higher than its 30-day average trading volume of 1.97M. OKTA’s previous close was $229.25 while the outstanding shares total 130.18M. The firm has a beta of 1.01. The stock’s Relative Strength Index (RSI) is 37.95, with weekly volatility at 6.13% and ATR at 12.23. The OKTA stock’s 52-week price range has touched low of $166.65 and a $294.00 high. The stock traded lower over the last trading session, losing -1.88% on 05/17/21.
Investors have identified the Software – Infrastructure company Okta Inc. as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $27.24 billion, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.
Okta Inc. (OKTA) Fundamentals that are to be considered.
When analyzing a stock, the first fundamental thing to take into account is the balance sheet. How healthy the balance sheet of a company is will determine if the company will be able to carry out all its financial and non-financial obligations and also keep the faith of its investors. For OKTA, the company has in raw cash 434.61 million on their books with 908.68 million currently as liabilities. How the trend is over time is what investors should be concerned about. The company has a healthy balance sheet as their debt profile has been on an incline. In terms of their assets, the company currently has 2.88 billion total, with 1.55 billion as their total liabilities.
Having a look at the company’s valuation, the company is expected to record -1.89 total earnings per share during the next fiscal year. It is very important though to remember that the importance of trend far outweighs that of outlook. This analysis has been great and getting further updates on OKTA sounds very interesting.
Is the stock of OKTA attractive?
In related news, Chief Accounting Officer, KRAMER CHRISTOPHER K sold 3,333 shares of the company’s stock in a transaction that recorded on Apr 15. The sale was performed at an average price of 266.11, for a total value of 886,954. As the sale deal closes, the Chief Financial Officer, KOUREY MICHAEL R now sold 20,000 shares of the company’s stock, valued at 4,437,203. Also, Chief Accounting Officer, KRAMER CHRISTOPHER K sold 1,541 shares of the company’s stock in a deal that was recorded on Mar 16. The shares were price at an average price of 228.81 per share, with a total market value of 352,596. Following this completion of acquisition, the See Remarks, Kerrest Jacques Frederic now holds 6,276 shares of the company’s stock, valued at 1,436,012. In the last 6 months, insiders have changed their ownership in shares of company stock by 0.10%.
13 out of 23 analysts covering the stock have rated it a Buy, while 9 have maintained a Hold recommendation on Okta Inc.. 0 analysts has assigned a Sell rating on the OKTA stock. The 12-month mean consensus price target for the company’s shares has been set at $279.67.