Investors’ outlook regarding the stock price performance over the year has been a mixed bag, with a range of optimism to pessimism depending on their perspective. Until today this year the stock’s price performance recorded an increase of 8.72%. However, over the last six months, the performance has been stronger by -10.94%. The price of OKTA increased 4.49% over the last 30 days. And in the last five days, it has surged by 0.25%.
Okta Inc experienced a somewhat steady performance in the stock market. The company’s stock reached a 1-year high of $114.50 on 03/08/24, while the lowest price for the same period was registered at $70.56 on 09/10/24.
52-week price history of OKTA Stock
Analyzing a stock’s 52-week high and low prices can offer important information about its present condition and future outlook. Okta Inc’s current trading price is -25.18% away from its 52-week high, while its distance from the 52-week low is 21.41%. The stock’s price range during this period has varied between$70.56 and $114.50. The Okta Inc’s shares, which operate in the Technology, saw a trading volume of around 2.74 million for the day, a figure considerably lower than their average daily volume of 3.11 million over last three months.
Market Capitalization vs. Financial Performance: A Comparative Study
Okta Inc (OKTA) has experienced a quarterly rise of 8.93% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 14.68B and boasts a workforce of 5908 employees.
Combining Moving Average and Trading Volume Data for Better Market Insight
Based on Barchart.com data, the company’s moving average over the 100-day period was 78.29, with a change in price of -11.44. Similarly, Okta Inc recorded 2,868,165 in trading volume during the last 100 days, posting a change of -11.78%.
OKTA’s Debt-to-Equity Ratio Cause for Concern? An In-Depth Look
The debt-to-equity (D/E) ratio is a significant metric that provides insights into a company’s financial state and market presence. By dividing a company’s current liabilities by its shareholders’ equity, the D/E ratio depicts the extent of debt used by a company to fund its assets relative to the value of 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
As of today, Okta Inc’s raw stochastic average for the last 50 days stands at 71.92%. This is a decline compared to the raw stochastic average of the previous 20 days, which was noted at 83.87%. Furthermore, the company’s Stochastic %K and %D values for the past 20 days were 68.14% and 62.74%, respectively.
