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 -26.06% away from its 52-week high, while its distance from the 52-week low is 19.98%. The stock’s price range over this period has fluctuated between $70.56 and $114.50. The company, operating within the financial sector, had a trading volume of approximately 4.68 million for the day, which was noticeably higher than the average daily share volume of 2.98 million over the last 3 months.
Okta Inc’s market performance has been stable in recent times. The company’s stock hit a 1-year high of $114.50 on 03/08/24 and a low of $70.56 for the same time frame on 09/10/24.
Exploring Financial Performance and Market Capitalization: A Comprehensive Analysis
Okta Inc (OKTA) has experienced a quarterly rise of 17.89% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 14.51B and boasts a workforce of 5908 employees.
Analyzing Trading Volume and Moving Average Trends
Based on Barchart.com data, the company’s moving average over the 100-day period was 79.05, with a change in price of -10.42. Similarly, Okta Inc recorded 2,794,358 in trading volume during the last 100 days, posting a change of -10.96%.
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 0.15. Similarly, the long-term debt-to-equity ratio is also 0.07.
OKTA Stock Stochastic Average
Today’s raw stochastic average for Okta Inc over the last 50 days is 66.99%.This indicates a decrease from the raw stochastic average of the past 20 days, which was 72.16%. Moreover, the company’s Stochastic %K and %D values for the last 20 days were 53.83% and 31.11%, respectively.
OKTA Stock Price Performance Analysis
The stock price performance over the year has been a mixed bag, resulting in a range of outlooks from optimistic to pessimistic depending on the observer. The metric has seen a significant gain of 7.44% since the start of this calendar year. Looking back over the last six months, we can see a stronger performance of -10.55%. Over the past 30 days, the price of OKTA has fallen by 1.37%. And in the last five days, it has surged by 6.30%.
