Do Okta Inc. (OKTA) beta value of 1.01 signposts another twist?

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Let’s start up with the current stock price of Okta Inc. (OKTA), which is $224.14 to be very precise. The Stock rose vividly during the last session to $226.08 after opening rate of $216.00 while the lowest price it went was recorded $215.50 before closing at $209.53.

Recently in News on August 3, 2020, Okta to Announce Second Quarter Fiscal 2021 Financial Results on August 27, 2020. Okta, Inc. (NASDAQ: OKTA), the leading independent provider of identity for the enterprise, today announced that it will release its financial results for its second quarter fiscal year 2021 ended July 31, 2020 after the U.S. market close on Thursday, August 27, 2020. Okta will host a video webcast that day at 2:00 p.m. Pacific time (5:00 p.m. Eastern time) to discuss the results. You can read further details here

Okta Inc. had a pretty favorable run when it comes to the market performance. The 1-year high price for the company’s stock is recorded $226.89 on 08/05/20, with the lowest value was $88.66 for the same time period, recorded on 03/16/20.

Okta Inc. (OKTA) full year performance was 65.94%

Price records that include history of low and high prices in the period of 52 weeks can tell a lot about the stock’s existing status and the future performance. Presently, Okta Inc. shares are logging -1.21% during the 52-week period from high price, and 152.81% higher than the lowest price point for the same timeframe. The stock’s price range for the 52-week period managed to maintain the performance between $88.66 and $226.89.

The company’s shares, operating in the sector of Technology managed to top a trading volume set approximately around 2052819 for the day, which was evidently higher, when compared to the average daily volumes of the shares.

When it comes to the year-to-date metrics, the Okta Inc. (OKTA) recorded performance in the market was 94.28%, having the revenues showcasing 21.87% on a quarterly basis in comparison with the same period year before. At the time of this writing, the total market value of the company is set at 28.28B, as it employees total of 2379 workers.

Specialists analysis on Okta Inc. (OKTA)

During the last month, 13 analysts gave the Okta Inc. a BUY rating, 0 of the polled analysts branded the stock as an OVERWEIGHT, 8 analysts were recommending to HOLD this stock, 1 of them gave the stock UNDERWEIGHT rating, and 0 of the polled analysts provided SELL rating.

According to the data provided on Barchart.com, the moving average of the company in the 100-day period was set at 187.23, with a change in the price was noted +105.20. In a similar fashion, Okta Inc. posted a movement of +88.45% for the period of last 100 days, recording 1,846,497 in trading volumes.

Total Debt to Equity Ratio (D/E) can also provide valuable insight into the company’s financial health and market status. The debt to equity ratio can be calculated by dividing the present total liabilities of a company by shareholders’ equity. Debt to Equity thus makes a valuable metrics that describes the debt, company is using in order to support assets, correlating with the value of shareholders’ equity The total Debt to Equity ratio for OKTA is recording 2.30 at the time of this writing. In addition, long term Debt to Equity ratio is set at 2.05.

Trends and Technical analysis: Okta Inc. (OKTA)

Raw Stochastic average of Okta Inc. in the period of last 50 days is set at 92.81%. The result represents improvement in oppose to Raw Stochastic average for the period of the last 20 days, recording 91.71%. In the last 20 days, the company’s Stochastic %K was 57.93% and its Stochastic %D was recorded 47.88%.

Now, considering the stocks previous presentation, multiple moving trends are noted. Year-to-date Price performance of the company’s stock appears to be pessimistic, given the fact the metric is recording 94.28%. Additionally, trading for the stock in the period of the last six months notably improved by 81.01%, alongside a boost of 65.94% for the period of the last 12 months. The shares increased approximately by 9.18% in the 7-day charts and went down by 9.30% in the period of the last 30 days. Common stock shares were driven by 21.87% during last recorded quarter.