The share price of Okta, Inc. [NASDAQ: OKTA] inclined by $105.12, presently trading at $101.23. The company’s shares saw 141.71% gains compared to the lowest price in the period of the last 52 weeks, set at $41.88 recorded on 09/23/19. The last few days have been tough to the share price as OKTA fall by -4.02% during the last week, even though the stock is still down by -5.93% compared to -4.25 of all time high it touched on 09/20/19. However, the stock had a poor performance during the past 3 months, roughly losing -21.48%, while additionally gaining 48.06% during the last 12 months. Okta, Inc. is said to have a 12-month price target set at $143.74. That means that the stock has a strong potential to acquire 42.51% increase from the current trading price.
Okta, Inc. [NASDAQ:OKTA]: Analyst Rating and Earnings
Its stock price has been found in the range of 41.88 to 141.85. This is compared to its latest closing price of $105.12.
Keep your eyes peeled for this company’s upcoming financial results publication, which is slated for Wed 4 Dec (In 71 Days).
Fundamental Analysis of Okta, Inc. [OKTA]
Now let’s turn to look at profitability: with a current Operating Margin for Okta, Inc. [OKTA] sitting at -29.69 and its Gross Margin at +71.59, this company’s Net Margin is now -31.90%. These metrics indicate that this company is not generating as much profit, after accounting for expenses, compared to its market peers.
This company’s Return on Total Capital is -34.47, and its Return on Invested Capital has reached -22.80%. Its Return on Equity is -60.34, and its Return on Assets is -20.38. These metrics suggest that this Okta, Inc. does a poor job of managing its assets, and likely won’t be able to provide successful business outcomes for its investors in the near term.
Turning to investigate this organization’s capital structure, Okta, Inc. [OKTA] has generated a Total Debt to Total Equity ratio of 107.63. Similarly, its Total Debt to Total Capital is 51.84, while its Total Debt to Total Assets stands at 31.43.
What about valuation? This company’s Enterprise Value to EBITDA is -113.08. The Enterprise Value to Sales for this firm is now 24.86, and its Total Debt to Enterprise Value stands at 0.03. Okta, Inc. [OKTA] has a Price to Book Ratio of 36.63, a Price to Cash Flow Ratio of 584.07.
Shifting the focus to workforce efficiency, Okta, Inc. [OKTA] earns $255,768 for each employee under its payroll. Similarly, this company’s Receivables Turnover is 5.48 and its Total Asset Turnover is 0.65. This publicly-traded organization’s liquidity data is also interesting: its Quick Ratio is 1.21 and its Current Ratio is 1.21. This company, considering these metrics, has a healthy ratio between its short-term liquid assets and its short-term liabilities, making it a less risky investment.
Okta, Inc. [OKTA] has 113.82M shares outstanding, amounting to a total market cap of $11.96B. Its stock price has been found in the range of 41.88 to 141.85. At its current price, it has moved down by -28.64% from its 52-week high, and it has moved up 141.71% from its 52-week low.
This stock’s Relative Strength Index (RSI) is at 27.77. This stock, according to these metrics, is currently Oversold.
Conclusion: Is Okta, Inc. [OKTA] a Reliable Buy?
Okta, Inc. [OKTA] stock is presenting a less attractive investment opportunity when compared to similarly-sized corporations in the same industry. The price performance of these shares has not shown much promise, and the financial results that this company has recently delivered present a highly risky investment.