A worth reading Analysis of Okta, Inc. (NASDAQ:OKTA)


Technical Indicators and Signals

The stochastic oscillator indicator is the important indicator to compare the security price over a certain period of time. The stochastic %K of Okta, Inc. (NASDAQ:OKTA) for the period of 9-Day stands at 53.77% while the stochastic %D for the same period stands at 67.15%.

The 7-Day Average Directional Index ADX (also known as Trend Strength Indicator) of Okta, Inc. (NASDAQ:OKTA) signals “Sell” while other important signals like the 20-Day Moving Average Vs. Price signals “Sell”.

Another important signal of trend and momentum of a security is 20-50 Day MACD Oscillator or Moving Average Convergence Divergence signals “Buy” for Okta, Inc. (NASDAQ:OKTA) while 20-100 Day MACD Oscillator indicates “Buy”.

Bollinger band is a volatility indicator of a certain security, currently Okta, Inc. (NASDAQ:OKTA)’s 20-Day Bollinger Band indicates “Sell”.

About Company

Okta, Inc. is a provider of identity for the enterprise. The Company’s product consists of Okta information technology Products and Okta for Developers. Okta IT Products include Single Sign-On, Mobility Management, Adaptive Multi-Factor Authentication, Lifecycle Management and Universal Directory. Okta for Developers include Complete Authentication, User Management, Application Programming Interface Access Management and Developer Tools. Okta, Inc. is based in SAN FRANCISCO, United States.

Previous Day Activity Analysis

On the last trading day, Okta, Inc. (NASDAQ:OKTA) opened the session at $27.75 and after going down -3.8% closed at $26.58. The stock lost -1.17 points in the last trade.

Okta, Inc. (NASDAQ:OKTA)’s stock fluctuated in the range of $26.41 and $27.94 during the previous active session. Okta, Inc. (NASDAQ:OKTA) traded with the volume of 1.24 Million with average volume of 609.44 Million. The stock has  volatility on the last trading session.

Currently the Beta for the company remains at 0 while ATR (Average True Range) and RSI (Relative Strength Index) are at 1.26 and 40.81 respectively.

Currently the Insider Ownership of the shares of Okta, Inc. (NASDAQ:OKTA) is at 0.99% and the shares outstanding are 98.63 Million.

Important Ratio Analysis

Some important ratios to consider here for Okta, Inc. (NASDAQ:OKTA) are discussed below:

Dividend yield of Okta, Inc. (NASDAQ:OKTA) stands at 0% whereas Price to Earnings P/E ratio stands at 0 while Forward P/E shows the value of 0.

The Price to Sale P/S and Price to Book P/B shows the value of 12.78 and 16.31 respectively. While Price to Cash P/C and Price to Free Cash Flow P/FCF stands at 12.29 and 0 correspondingly.

The Quick Ratio of Okta, Inc. (NASDAQ:OKTA) stands at 1.8 while the Current Ratio depicts the value of 1.8.

Return on Assets ROA of Okta, Inc. (NASDAQ:OKTA) is at -43.3% whereas, Return on Equity ROE and Return of Investment ROI of Okta, Inc. (NASDAQ:OKTA) stand at 245.3% and 34.3% respectively.

Stock Performance Analysis

The stock performance of Okta, Inc. (NASDAQ:OKTA) on the basis of 5 day trade show the dip of -5.07% whereas, the monthly performance of the stock shows decrease of -7.13%.

The quarterly performance of the stock remained in green zone with the value of 11.92% while six month performance of the shares of Okta, Inc. (NASDAQ:OKTA) remained bullish with the count of 12.77%.

The yearly and YTD performance of Okta, Inc. (NASDAQ:OKTA) remained up at 0% and 13.06% respectively.