Okta Inc Stock Odds of Future Stock Price Finishing Under 48.17

OKTA
 Stock
  

USD 50.78  0.69  1.38%   

Okta Inc's future price is the expected price of Okta Inc instrument. It is based on its current growth rate as well as the projected cash flow expected by the investors. This tool provides a mechanism to make assumptions about the upside potential and downside risk of Okta Inc Cl performance during a given time horizon utilizing its historical volatility. As of November 28, 2022, Price to Book Value is expected to decline to 40.43. In addition to that, Price to Earnings Ratio is expected to decline to -69.85.
  
Okta Inc's implied volatility is one of the determining factors in the pricing options written on Okta Inc Cl. Implied volatility approximates the future value of Okta Inc based on the option's current value. Options with high implied volatility have higher premiums and can be used to hedge the downside of investing in Okta Inc Cl over a specific time period. For example, 2022-12-02 CALL at $51.0 is a CALL option contract on Okta Inc's common stock with a strick price of 51.0 expiring on 2022-12-02. The contract was last traded on 2022-11-25 at 12:45:16 for $3.6 and, as of today, has 4 days remaining before the expiration. The option is currently trading at a bid price of $3.6, and an ask price of $3.8. The implied volatility as of the 28th of November is 155.9552. View All Okta Inc options

Closest to current price Okta Inc long CALL Option Payoff at Expiration

Please check Okta Inc Backtesting, Okta Inc Valuation, Okta Inc Correlation, Okta Inc Hype Analysis, Okta Inc Volatility, Okta Inc History as well as Okta Inc Performance. Please specify Okta Inc time horizon, a valid symbol (red box) and a target price (blue box) you would like Okta Inc odds to be computed.

Okta Inc Target Price Odds to finish below 48.17

The tendency of Okta Inc Stock price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
Current PriceHorizonTarget PriceOdds to drop to $ 48.17  or more in 90 days
 50.78 90 days 48.17 
about 20.03
Based on a normal probability distribution, the odds of Okta Inc to drop to $ 48.17  or more in 90 days from now is about 20.03 (This Okta Inc Cl probability density function shows the probability of Okta Inc Stock to fall within a particular range of prices over 90 days) . Probability of Okta Inc Cl price to stay between $ 48.17  and its current price of $50.78 at the end of the 90-day period is about 6.54 .
Given the investment horizon of 90 days the stock has the beta coefficient of 1.3 . This indicates as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Okta Inc will likely underperform. Additionally The company has a negative alpha, implying that the risk taken by holding this instrument is not justified. Okta Inc Cl is significantly underperforming DOW.
   Okta Inc Price Density   
       Price  

Predictive Modules for Okta Inc

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Okta Inc Cl. Regardless of method or technology, however, to accurately forecast the stock or bond market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of Okta Inc's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy. Please use the tools below to analyze the current value of Okta Inc in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
43.0848.8454.60
Details
Intrinsic
Valuation
LowReal ValueHigh
45.34105.75111.51
Details
Naive
Forecast
LowNext ValueHigh
47.0252.7758.53
Details
19 Analysts
Consensus
LowTarget PriceHigh
230.00278.35320.00
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Okta Inc. Your research has to be compared to or analyzed against Okta Inc's peers to derive any actionable benefits. When done correctly, Okta Inc's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy towards taking a position in Okta Inc Cl.

Okta Inc Risk Indicators

For the most part, the last 10-20 years have been a very volatile time for the stock market. Okta Inc is not an exception. The market had few large corrections towards the Okta Inc's value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold Okta Inc Cl, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Okta Inc within the framework of very fundamental risk indicators.
α
Alpha over DOW
-0.9
β
Beta against DOW1.30
σ
Overall volatility
12.18
Ir
Information ratio -0.15

Okta Inc Alerts and Suggestions

In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of Okta Inc for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Okta Inc Cl can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.
Okta Inc Cl generated a negative expected return over the last 90 days
Okta Inc Cl has high historical volatility and very poor performance
The company reported the previous year's revenue of 1.6 B. Net Loss for the year was (915.68 M) with profit before overhead, payroll, taxes, and interest of 905.68 M.
Okta Inc Cl has a poor financial position based on the latest SEC disclosures
Over 82.0% of the company shares are owned by institutional investors

Okta Inc Price Density Drivers

Market volatility will typically increase when nervous long traders begin to feel the short-sellers pressure to drive the market lower. The future price of Okta Inc Stock often depends not only on the future outlook of the current and potential Okta Inc's investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. Okta Inc's indicators that are reflective of the short sentiment are summarized in the table below.
Shares Percent Shares Out4.56%
Short Percent Of Float4.80%
Float Shares150.15M
Shares Short Prior Month6.58M
Average Daily Volume Last 10 Day4.14M
Average Daily Volume In Three Month5.16M
Date Short Interest14th of October 2022

Okta Inc Technical Analysis

Okta Inc's future price can be derived by breaking down and analyzing its technical indicators over time. Okta Inc Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Okta Inc Cl. In general, you should focus on analyzing Okta Inc Stock price patterns and their correlations with different microeconomic environments and drivers.

Okta Inc Predictive Forecast Models

Okta Inc time-series forecasting models is one of many Okta Inc's stock analysis techniquest aimed to predict future share value based on previously observed values. Time-series forecasting models ae widely used for non-stationary data. Non-stationary data are called the data whose statistical properties e.g. the mean and standard deviation are not constant over time but instead, these metrics vary over time. These non-stationary Okta Inc's historical data is usually called time-series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the stock market movement and maximize returns from investment trading.

Things to note about Okta Inc Cl

Checking the ongoing alerts about Okta Inc for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Okta Inc Cl help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
Okta Inc Cl generated a negative expected return over the last 90 days
Okta Inc Cl has high historical volatility and very poor performance
The company reported the previous year's revenue of 1.6 B. Net Loss for the year was (915.68 M) with profit before overhead, payroll, taxes, and interest of 905.68 M.
Okta Inc Cl has a poor financial position based on the latest SEC disclosures
Over 82.0% of the company shares are owned by institutional investors
Please check Okta Inc Backtesting, Okta Inc Valuation, Okta Inc Correlation, Okta Inc Hype Analysis, Okta Inc Volatility, Okta Inc History as well as Okta Inc Performance. You can also try Volatility Analysis module to get historical volatility and risk analysis based on latest market data.

Complementary Tools for analysis

When running Okta Inc Cl price analysis, check to measure Okta Inc'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 Inc is operating at the current time. Most of Okta Inc's value examination focuses on studying past and present price action to predict the probability of Okta Inc's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Okta Inc's price. Additionally, you may evaluate how the addition of Okta Inc to your portfolios can decrease your overall portfolio volatility.
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Is Okta Inc's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Okta Inc. If investors know Okta Inc will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Okta Inc listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Market Capitalization
B
Quarterly Revenue Growth YOY
0.43
Return On Assets
(0.05) 
Return On Equity
(0.16) 
The market value of Okta Inc Cl is measured differently than its book value, which is the value of Okta Inc that is recorded on the company's balance sheet. Investors also form their own opinion of Okta Inc's value that differs from its market value or its book value, called intrinsic value, which is Okta Inc's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Okta Inc's market value can be influenced by many factors that don't directly affect Okta Inc's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Okta Inc's value and its price as these two are different measures arrived at by different means. Investors typically determine Okta Inc value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Okta Inc's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.