Beyond market averages, investors seeking exceptional growth focus on the art of stock selection. The right picks can significantly contribute to the expansion of your 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 closing price of Okta Inc (NASDAQ: OKTA) was $98.47 for the day, up 2.49% from the previous closing price of $96.08. In other words, the price has increased by $2.49 from its previous closing price. On the day, 1.57 million shares were traded. OKTA stock price reached its highest trading level at $99.24 during the session, while it also had its lowest trading level at $96.28.
Ratios:
Our analysis of OKTA’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 7.14 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 27.94. 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:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Jul 05 ’24 when Kerrest Jacques Frederic sold 34,620 shares for $96.04 per share. The transaction valued at 3,325,065 led to the insider holds 0 shares of the business.
Kerrest Jacques Frederic sold 3,280 shares of OKTA for $313,689 on Jul 02 ’24. The Director now owns 0 shares after completing the transaction at $95.64 per share. On Jun 28 ’24, another insider, Kerrest Jacques Frederic, who serves as the Director of the company, sold 2,100 shares for $95.12 each. As a result, the insider received 199,755 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 16565214208 and an Enterprise Value of 15106188288. For the stock, the TTM Price-to-Sale (P/S) ratio is 7.01 while its Price-to-Book (P/B) ratio in mrq is 2.78. Its current Enterprise Value per Revenue stands at 6.396 whereas that against EBITDA is -55.132.
Stock Price History:
The Beta on a monthly basis for OKTA is 1.03, which has changed by 0.35629582 over the last 52 weeks, in comparison to a change of 0.23279357 over the same period for the S&P500. 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 5.07%, while the 200-Day Moving Average is calculated to be 12.07%.
Shares Statistics:
OKTA traded an average of 1.66M shares per day over the past three months and 1653800 shares per day over the past ten 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 80.75% stake in the company. Shares short for OKTA as of 1719532800 were 4942015 with a Short Ratio of 2.97, compared to 1717113600 on 5225542. Therefore, it implies a Short% of Shares Outstanding of 4942015 and a Short% of Float of 3.09.
