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OKTA
Stock ticker: NASDAQ
AS OF
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Price
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Capitalization
11.53B

OKTA Price Prediction, Okta AI Recommendations

Stock market charts, price targets, analyst ratings and a financial calendar

Technical Analysis# Of IndicatorsAvg. Odds
   
   
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A.I.Advisor
a Summary for OKTA with price predictions
07:00 PM EST Dec 07, 2023

OKTA sees its 50-day moving average cross bearishly below its 200-day moving average

The 50-day moving average for OKTA moved below the 200-day moving average on November 22, 2023. This could be a long-term bearish signal for the stock as the stock shifts to an downward trend.

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 3 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.

The Momentum Indicator moved below the 0 level on December 08, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on OKTA as a result. In of 91 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .

Following a 3-day decline, the stock is projected to fall further. Considering past instances where OKTA declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

OKTA broke above its upper Bollinger Band on November 20, 2023. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.

Bullish Trend Analysis

The Moving Average Convergence Divergence (MACD) for OKTA just turned positive on November 13, 2023. Looking at past instances where OKTA's MACD turned positive, the stock continued to rise in of 50 cases over the following month. The odds of a continued upward trend are .

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where OKTA advanced for three days, in of 345 cases, the price rose further within the following month. The odds of a continued upward trend are .

The Aroon Indicator entered an Uptrend today. In of 271 cases where OKTA Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .

Fundamental Analysis (Ratings)

Fear & Greed

The Tickeron Seasonality Score of (best 1 - 100 worst) indicates that the company is fair valued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. OKTA’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (2.112) is normal, around the industry mean (21.032). P/E Ratio (0.000) is within average values for comparable stocks, (159.368). Projected Growth (PEG Ratio) (1.750) is also within normal values, averaging (2.584). Dividend Yield (0.000) settles around the average of (0.083) among similar stocks. P/S Ratio (5.653) is also within normal values, averaging (74.518).

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. OKTA’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 88, placing this stock worse than average.

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

A.I. Advisor
published Earnings

OKTA is expected to report earnings to rise 14.64% to 50 cents per share on February 29

Okta OKTA Stock Earnings Reports
Q1'24
Est.
$0.50
Q4'23
Beat
by $0.15
Q3'23
Beat
by $0.09
Q2'23
Beat
by $0.10
Q1'23
Beat
by $0.21
The last earnings report on November 29 showed earnings per share of 43 cents, beating the estimate of 28 cents. With 2.78M shares outstanding, the current market capitalization sits at 11.53B.
A.I.Advisor
published Highlights

Notable companies

The most notable companies in this group are Microsoft Corp (NASDAQ:MSFT), Oracle Corp (NASDAQ:ORCL), Adobe (NASDAQ:ADBE), Salesforce (NASDAQ:CRM), Intuit (NASDAQ:INTU), SERVICENOW (NASDAQ:NOW), Uber Technologies (NASDAQ:UBER), Shopify (NASDAQ:SHOP), Palo Alto Networks (NASDAQ:PANW), NetEase (NASDAQ:NTES).

Industry description

Packaged software comprises multiple software programs bundled together and sold as a group. For example, Microsoft Office includes multiple applications such as Excel, Word, and PowerPoint. In some cases, buying a bundled product is cheaper than purchasing each item individually[s20] . Microsoft Corporation, Oracle Corp. and Adobe are some major American packaged software makers.

Market Cap

The average market capitalization across the Packaged Software Industry is 9.19B. The market cap for tickers in the group ranges from 291 to 2.84T. MSFT holds the highest valuation in this group at 2.84T. The lowest valued company is BLGI at 291.

High and low price notable news

The average weekly price growth across all stocks in the Packaged Software Industry was -0%. For the same Industry, the average monthly price growth was 4%, and the average quarterly price growth was 6%. SSNT experienced the highest price growth at 141%, while DTRK experienced the biggest fall at -80%.

Volume

The average weekly volume growth across all stocks in the Packaged Software Industry was -17%. For the same stocks of the Industry, the average monthly volume growth was -5% and the average quarterly volume growth was -2%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 52
P/E Growth Rating: 72
Price Growth Rating: 59
SMR Rating: 83
Profit Risk Rating: 88
Seasonality Score: 20 (-100 ... +100)
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published price charts
A.I. Advisor
published General Information

General Information

a provider of an enterprise-grade identity management services

Industry PackagedSoftware

Profile
Fundamentals
Details
Industry
Packaged Software
Address
100 First Street
Phone
+1 888 722-7871
Employees
6013
Web
https://www.okta.com
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OKTA and

Correlation & Price change

A.I.dvisor indicates that over the last year, OKTA has been loosely correlated with CRWD. These tickers have moved in lockstep 55% of the time. This A.I.-generated data suggests there is some statistical probability that if OKTA jumps, then CRWD could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To OKTA
1D Price
Change %
OKTA100%
+0.01%
CRWD - OKTA
55%
Loosely correlated
+0.99%
COIN - OKTA
53%
Loosely correlated
+7.66%
CLSK - OKTA
51%
Loosely correlated
+11.90%
ESTC - OKTA
51%
Loosely correlated
+2.31%
CRM - OKTA
50%
Loosely correlated
+0.79%
More