For those aiming to surpass market returns, the art of stock picking is crucial. Making wise choices in stocks can greatly enhance your overall wealth.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The price of Okta Inc (NASDAQ: OKTA) closed at $93.50 in the last session, down -0.12% from day before closing price of $93.61. In other words, the price has decreased by -$0.12 from its previous closing price. On the day, 0.56 million shares were traded. OKTA stock price reached its highest trading level at $94.7699 during the session, while it also had its lowest trading level at $93.41.
Ratios:
We take a closer look at OKTA’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 6.78 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 26.53. For the most recent quarter (mrq), Quick Ratio is recorded 1.66 and its Current Ratio is at 1.66. In the meantime, Its Debt-to-Equity ratio is 0.21 whereas as Long-Term Debt/Eq ratio is at 0.21.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Evercore ISI on May 30, 2024, Upgraded its rating to Outperform and sets its target price to $122 from $102 previously.
On February 29, 2024, BofA Securities Upgraded its rating to Buy which previously was Underperform but kept the price unchanged to $135.
Mizuho Downgraded its Buy to Neutral on January 08, 2024, while the target price for the stock was maintained at $85.
Insider Transactions:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Jun 28 ’24 when Kerrest Jacques Frederic sold 2,100 shares for $95.12 per share. The transaction valued at 199,755 led to the insider holds 0 shares of the business.
Kerrest Jacques Frederic sold 1,552 shares of OKTA for $135,010 on Jun 20 ’24. The Director now owns 0 shares after completing the transaction at $86.99 per share. On Jun 10 ’24, another insider, Kerrest Jacques Frederic, who serves as the Director of the company, sold 18,878 shares for $87.19 each. As a result, the insider received 1,645,987 and left with 0 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, OKTA now has a Market Capitalization of 15777916928 and an Enterprise Value of 14720949248. For the stock, the TTM Price-to-Sale (P/S) ratio is 6.66 while its Price-to-Book (P/B) ratio in mrq is 2.64. Its current Enterprise Value per Revenue stands at 6.232 whereas that against EBITDA is -53.726.
Stock Price History:
Over the past 52 weeks, OKTA has reached a high of $114.50, while it has fallen to a 52-week low of $65.04. The 50-Day Moving Average of the stock is 0.03%, while the 200-Day Moving Average is calculated to be 6.96%.
Shares Statistics:
According to the various share statistics, OKTA traded on average about 1.62M shares per day over the past 3-months and 1755640 shares per day over the past 10 days. A total of 159.84M shares are outstanding, with a floating share count of 158.34M. Insiders hold about 5.88% of the company’s shares, while institutions hold 80.17% stake in the company. Shares short for OKTA as of 1718323200 were 4913154 with a Short Ratio of 3.03, compared to 1715731200 on 4831120. Therefore, it implies a Short% of Shares Outstanding of 4913154 and a Short% of Float of 3.0700000000000003.
