Okta Inc (OKTA) Stock: A Comprehensive 52-Week Review

Examining a stock’s 52-week price history, encompassing its low and high prices, can reveal much about its existing condition and potential future trajectory. Okta Inc’s current trading price is -4.95% away from its 52-week high, while its distance from the 52-week low is 35.01%. The stock’s price range over this period has fluctuated between $65.04 and $92.38. The company, operating within the financial sector, had a trading volume of approximately 1.01 million for the day, which was noticeably lower than the average daily share volume of 2.35 million over the last 3 months.

In terms of market performance, Okta Inc had a fairly even. The highest value for the stock in the past year was $92.38 on 12/27/23, and the lowest value was recorded at $65.04 on 11/02/23.

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Exploring Financial Performance and Market Capitalization: A Comprehensive Analysis

Okta Inc (OKTA) has experienced a quarterly rise of 24.94% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 14.52B and boasts a workforce of 6013 employees.

Analyzing Trading Volume and Moving Average Trends

Based on Barchart.com data, the company’s moving average over the 100-day period was 79.46, with a change in price of +9.75. Similarly, Okta Inc recorded 2,443,354 in trading volume during the last 100 days, posting a change of +12.49%.

Understanding Ticker ‘s Debt-to-Equity Ratio: An Analysis

The debt-to-equity (D/E) ratio serves as an important indicator of a company’s financial stability and market position. By dividing a company’s total liabilities by its shareholders’ equity, the D/E ratio reveals the degree to which a company relies on debt to finance assets compared to its shareholders’ equity. At the time of writing, the total D/E ratio for OKTA stands at 0.25. Similarly, the long-term debt-to-equity ratio is also 0.25.

OKTA Stock Stochastic Average

Today’s raw stochastic average for Okta Inc over the last 50 days is 64.52%.This indicates a decrease from the raw stochastic average of the past 20 days, which was 72.47%. Moreover, the company’s Stochastic %K and %D values for the last 20 days were 65.91% and 52.84%, respectively.

OKTA Stock Price Performance Analysis

A mixed performance in the stock price over the year has left investors with either an optimistic or pessimistic outlook, depending on their point of view. This year’s metric has recorded a Price decrease of -3.00%. However, over the past six months, we’ve seen a weaker performance of 21.76%. The price of OKTA fallen by 0.75% over the last 30 days. And in the last five days, it has surged by 8.17%.

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