Okta Inc Stock Performance
| OKTA Stock | USD 76.42 0.41 0.53% |
The company holds a Beta of 0.87, which implies possible diversification benefits within a given portfolio. Okta returns are very sensitive to returns on the market. As the market goes up or down, Okta is expected to follow. At this point, Okta Inc has a negative expected return of -0.0337%. Please make sure to check Okta's kurtosis, as well as the relationship between the day median price and period momentum indicator , to decide if Okta Inc performance from the past will be repeated at some point in the near future.
Risk-Adjusted Performance
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Over the last 90 days Okta Inc has generated negative risk-adjusted returns adding no value to investors with long positions. Despite somewhat strong basic indicators, Okta is not utilizing all of its potentials. The latest stock price disturbance, may contribute to short-term losses for the investors. ...more
Actual Historical Performance (%)
One Day Return (2.36) | Five Day Return (2.74) | Year To Date Return (13.77) | Ten Year Return 219.1 | All Time Return 219.1 |
1 | Disposition of 202 shares by Brett Tighe of Okta subject to Rule 16b-3 | 09/13/2024 |
2 | Acquisition by Larissa Schwartz of 316 shares of Okta subject to Rule 16b-3 | 09/17/2024 |
3 | Disposition of 200512 shares by Todd McKinnon of Okta subject to Rule 16b-3 | 09/20/2024 |
4 | Disposition of 154582 shares by Todd McKinnon of Okta subject to Rule 16b-3 | 09/23/2024 |
5 | Acquisition by Brett Tighe of 3873 shares of Okta subject to Rule 16b-3 | 09/27/2024 |
6 | Clarius Group LLC Cuts Position in Okta, Inc. | 10/11/2024 |
7 | Acquisition by Brett Tighe of 202 shares of Okta subject to Rule 16b-3 | 10/29/2024 |
8 | Disposition of 99021 shares by Todd McKinnon of Okta at 8.97 subject to Rule 16b-3 | 10/31/2024 |
9 | Wall Street Analysts See a 29.76 percent Upside in Okta Can the Stock Really Move This High | 11/07/2024 |
10 | Clearfield Reports Q4 Loss, Tops Revenue Estimates | 11/08/2024 |
11 | Heres why Jim Cramer is hesitant to buy this AI chip stock right now | 11/12/2024 |
12 | Los Angeles Capital Management LLC Trims Holdings in Okta, Inc. | 11/13/2024 |
13 | Is Okta Stocks 4.55X PS Still Worth it Buy, Sell or Hold | 11/18/2024 |
14 | Okta, Inc. is Attracting Investor Attention Here is What You Should Know | 11/20/2024 |
15 | Okta Inc Shares Up 3.85 percent on Nov 21 | 11/21/2024 |
16 | Is Check Point Software Technologies Ltd. An Undervalued Cybersecurity Stock to Buy | 11/22/2024 |
17 | Okta, Inc. Partners with OpenID to Develop AI-Driven Identity Security Standard for Enterprises | 11/26/2024 |
| Begin Period Cash Flow | 271 M |
Okta |
Okta Relative Risk vs. Return Landscape
If you would invest 7,873 in Okta Inc on August 30, 2024 and sell it today you would lose (231.00) from holding Okta Inc or give up 2.93% of portfolio value over 90 days. Okta Inc is currently does not generate positive expected returns and assumes 1.6569% risk (volatility on return distribution) over the 90 days horizon. In different words, 14% of stocks are less volatile than Okta, and 99% of all traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon. Expected Return |
| Risk |
Okta Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Okta's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Okta Inc, and traders can use it to determine the average amount a Okta's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = -0.0204
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | OKTA |
Estimated Market Risk
| 1.66 actual daily | 14 86% of assets are more volatile |
Expected Return
| -0.03 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.02 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Okta is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Okta by adding Okta to a well-diversified portfolio.
Okta Fundamentals Growth
Okta Stock prices reflect investors' perceptions of the future prospects and financial health of Okta, and Okta fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Okta Stock performance.
| Return On Equity | -0.0231 | |||
| Return On Asset | -0.016 | |||
| Profit Margin | (0.06) % | |||
| Operating Margin | (0.03) % | |||
| Current Valuation | 11.91 B | |||
| Shares Outstanding | 162.41 M | |||
| Price To Earning | (7.58) X | |||
| Price To Book | 2.13 X | |||
| Price To Sales | 5.32 X | |||
| Revenue | 2.26 B | |||
| Gross Profit | 1.31 B | |||
| EBITDA | (230 M) | |||
| Net Income | (355 M) | |||
| Cash And Equivalents | 2.48 B | |||
| Cash Per Share | 15.59 X | |||
| Total Debt | 1.27 B | |||
| Debt To Equity | 0.44 % | |||
| Current Ratio | 2.38 X | |||
| Book Value Per Share | 36.11 X | |||
| Cash Flow From Operations | 512 M | |||
| Earnings Per Share | (0.81) X | |||
| Market Capitalization | 13.05 B | |||
| Total Asset | 8.99 B | |||
| Retained Earnings | (2.83 B) | |||
| Working Capital | 1.2 B | |||
| Current Asset | 256.13 M | |||
| Current Liabilities | 194.97 M | |||
About Okta Performance
By analyzing Okta's fundamental ratios, stakeholders can gain valuable insights into Okta's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if Okta has a high ROA and ROE, it suggests that the company is efficiently using its assets and equity to generate substantial profits, making it an attractive investment. Conversely, if Okta has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
| Last Reported | Projected for Next Year | ||
| Return On Tangible Assets | (0.10) | (0.11) | |
| Return On Capital Employed | (0.06) | (0.06) | |
| Return On Assets | (0.04) | (0.04) | |
| Return On Equity | (0.06) | (0.06) |
Things to note about Okta Inc performance evaluation
Checking the ongoing alerts about Okta for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for Okta Inc help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| Okta Inc generated a negative expected return over the last 90 days | |
| The company reported the previous year's revenue of 2.26 B. Net Loss for the year was (355 M) with profit before overhead, payroll, taxes, and interest of 1.31 B. | |
| Over 87.0% of the company shares are owned by institutional investors | |
| Latest headline from finance.yahoo.com: Okta, Inc. Partners with OpenID to Develop AI-Driven Identity Security Standard for Enterprises |
- Analyzing Okta's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Okta's stock is overvalued or undervalued compared to its peers.
- Examining Okta's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating Okta's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Okta's management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of Okta's stock. These opinions can provide insight into Okta's potential for growth and whether the stock is currently undervalued or overvalued.
Complementary Tools for Okta Stock analysis
When running Okta's price analysis, check to measure Okta's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Okta is operating at the current time. Most of Okta's value examination focuses on studying past and present price action to predict the probability of Okta's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Okta's price. Additionally, you may evaluate how the addition of Okta to your portfolios can decrease your overall portfolio volatility.
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