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Okta, Inc. (OKTA)

77.47   -3.8 (-4.68%) 02-03 16:00
Open: 78.48 Pre. Close: 81.27
High: 81.14 Low: 76.57
Volume: 2,771,031 Market Cap: 12,409(M)

Technical analysis

as of: 2023-02-03 3:49:44 PM
Overall:       
Stoxline posted a BUY today, same as yesterday. Upward movement continues.
Target: Six months: 95.89     One year: 112
Support: Support1: 69.92    Support2: 62.4
Resistance: Resistance1: 82.09    Resistance2: 95.89
Pivot: 71.55
Moving Average: MA(5): 75.91     MA(20): 70.45
MA(100): 60.16     MA(250): 94.03
MACD: MACD(12,26): 2.9     Signal(9): 2.1
Stochastic oscillator: %K(14,3): 88.5     %D(3): 90.3
RSI: RSI(14): 64
52-week: High: 203.78  Low: 44.11
Average Vol(K): 3-Month: 3,748 (K)  10-Days: 2,711 (K)

Price, moving averages and Bollinger Bands

Price has closed above its short-term moving average. Short-term moving average is currently above mid-term; and above long-term moving average. From the relationship between price and moving averages: This stock is BULLISH in short-term; and BULLISH in mid-long term.
[ OKTA ] has closed below upper band by 10.4%. Bollinger Bands are 1.8% narrower than normal. The current width of the bands does not suggest anything about the future direction or movement of prices.

Stock Price Prediction

Update at 5:00pm EST
If tomorrow: Open lower Open higher
High: 82.2 - 82.51 82.51 - 82.83
Low: 77.56 - 77.94 77.94 - 78.31
Close: 80.66 - 81.24 81.24 - 81.82

Company Description

Okta, Inc. provides identity solutions for enterprises, small and medium-sized businesses, universities, non-profits, and government agencies in the United States and internationally. The company offers Okta Identity Cloud, a platform that offers a suite of products and services, such as Universal Directory, a cloud-based system of record to store and secure user, application, and device profiles for an organization; Single Sign-On that enables users to access applications in the cloud or on-premise from various devices; Adaptive Multi-Factor Authentication provides a layer of security for cloud, mobile, Web applications, and data; Lifecycle Management that enables IT organizations or developers to manage a user's identity throughout its lifecycle; API Access Management that enables organizations to secure APIs; Access Gateway that enables organizations to extend the Okta Identity Cloud from the cloud to their existing on-premise applications; and Advanced Server Access to secure cloud infrastructure. It also provides Auth0 products, including Universal Login that allows customers to provide login experience across different applications and devices; Attack Protection, a suite of security capabilities that protect from malicious traffics; Adaptive Multi-Factor Authentication that minimizes friction to end users; Passwordless authentication enables users to login without a password and supports in various login methods; Machine to Machine provides standards-based authentication and authorization; private Cloud that allows customers to run a dedicated cloud instance of Auth0; and Organizations that enables customers to independent configurations, login experiences, and security options. It offers customer support, training, and professional services. It sells its products directly to customers through sales force and channel partners. The company was formerly known as Saasure, Inc. Okta, Inc. was incorporated in 2009 and is headquartered in San Francisco, California.

Headline News

Fri, 03 Feb 2023
Okta customers report dramatic increase in cyber-attacks - Biometric Update

Thu, 02 Feb 2023
Meta, Align, Coinbase, Harley, Okta, and More Stock Market Movers - Barron's

Thu, 02 Feb 2023
2023 Layoffs: Okta Slashes 300 Jobs As DraftKings, FedEx Cut Staff - Forbes

Thu, 02 Feb 2023
Okta CEO says layoffs were ‘the last thing I wanted to do’ as company cuts 300 jobs - MarketWatch

Thu, 02 Feb 2023
Okta to Lay Off 300 Employees, Citing Overhiring, 'Execution Challenges' - Bloomberg

Thu, 02 Feb 2023
Okta CEO blames overhiring, 'execution challenges' for layoffs - Cybersecurity Dive

Financial Analysis

Price to Book Value: Outperform
P/BV, a ratio used to compare book value to its current market price, to gauge whether a stock is valued properly.
Price to Earnings: Underperform
PE, the ratio for valuing a company that measures its current share price relative to its earnings per share (EPS).
Discounted cash flow: Outperform
DCF, a valuation method used to estimate the value of an investment based on its expected future cash flows.
Return on Assets: Neutral
ROA, indicates how profitable a company is in relation to its total assets, how efficiently uses assets to generate a profit.
Return on Equity: Neutral
ROE, a measure of financial performance calculated by dividing net income by equity. a gauge of profitability and efficiency.
Debt to Equity: Outperform
evaluate financial leverage, reflects the ability of equity to cover outstanding debts in the event of a business downturn.
Free Technical Analysis Charts

Stock Basics & Statistics

Exchange:  NASDAQ
Sector:  Technology
Industry:  Software—Infrastructure
Shares Out. 149 (M)
Shares Float 150 (M)
% Held by Insiders 0.6 (%)
% Held by Institutions 81.5 (%)
Shares Short 7,240 (K)
Shares Short P.Month 6,580 (K)

Stock Financials

EPS -2.09
EPS Est Next Qtl -0.21
EPS Est This Year -0.96
EPS Est Next Year -0.78
Book Value (p.s.) 5.3
Profit Margin (%) -57.3
Operating Margin (%) -48.2
Return on Assets (ttm) -5.4
Return on Equity (ttm) -16
Qtrly Rev. Growth 43.2
Gross Profit (p.s.) 6.09
Sales Per Share 10.77
EBITDA (p.s.) -4.45
Qtrly Earnings Growth 0
Operating Cash Flow 50 (M)
Levered Free Cash Flow 570 (M)

Stock Valuations

PE Ratio -37.14
PEG Ratio -3.2
Price to Book value 14.64
Price to Sales 7.2
Price to Cash Flow 228.56

Stock Dividends

Dividend 0
Forward Dividend 0
Dividend Yield 0%
Dividend Pay Date Invalid DateTime.
Ex-Dividend Date Invalid DateTime.
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