Okta Inc Stock Price Prediction
| OKTA Stock | USD 92.29 0.64 0.69% |
Oversold Vs Overbought
34
Oversold | Overbought |
Okta Inc stock price prediction is an act of determining the future value of Okta shares using few different conventional methods such as EPS estimation, analyst consensus, or fundamental intrinsic valuation. The successful prediction of Okta's future price could yield a significant profit. Please, note that this module is not intended to be used solely to calculate an intrinsic value of Okta and does not consider all of the tangible or intangible factors available from Okta's fundamental data. We analyze noise-free headlines and recent hype associated with Okta Inc, which may create opportunities for some arbitrage if properly timed.
Below are the key fundamental drivers impacting Okta's stock price prediction:EPS Estimate Current Year 1.48 | EPS Estimate Next Year 1.98 | Wall Street Target Price 113.83 | EPS Estimate Current Quarter 0.51 | Quarterly Revenue Growth 0.186 |
It is a matter of debate whether stock price prediction based on information in financial news can generate a strong buy or sell signal. We use our internally-built news screening methodology to estimate the value of Okta based on different types of headlines from major news networks to social media. The Okta stock price prediction module provides an analysis of price elasticity to changes in media outlook on Okta over a specific investment horizon. Using Okta hype-based prediction, you can estimate the value of Okta Inc from the perspective of Okta response to recently generated media hype and the effects of current headlines on its competitors. We also analyze overall investor sentiment towards Okta using Okta's stock options and short interest. It helps to benchmark the overall future attitude of investors towards Okta using crowd psychology based on the activity and movement of Okta's stock price.
Okta Short Interest
A significant increase or decrease in Okta's short interest from the previous month could be a good indicator of investor sentiment towards Okta. Short interest can provide insight into the potential direction of Okta stock and how bullish or bearish investors feel about the market overall. An investor who is long Okta may also wish to track short interest. As short interest increases, investors should be becoming more worried about Okta and may potentially protect profits, hedge Okta with its derivative instruments, or be ready for some potential downside.
200 Day MA 83.3347 | Short Percent 0.0276 | Short Ratio 3.35 | Shares Short Prior Month 3.8 M | 50 Day MA 99.2802 |
Okta Inc Hype to Price Pattern
Investor biases related to Okta's public news can be used to forecast risks associated with an investment in Okta. The trend in average sentiment can be used to explain how an investor holding Okta can time the market purely based on public headlines and social activities around Okta Inc. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Some investors profit by finding stocks that are overvalued or undervalued based on market sentiment. The correlation of Okta's market sentiment to its price can help taders to make decisions based on the overall investors consensus about Okta.
Okta Implied Volatility | 37.61 |
Okta's implied volatility exposes the market's sentiment of Okta Inc stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Okta's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Okta stock will not fluctuate a lot when Okta's options are near their expiration.
This module is based on analyzing investor sentiment around taking a position in Okta. This speculative approach is based exclusively on the idea that markets are driven by emotions such as investor fear and greed. The fear of missing out, i.e., FOMO, can cause potential investors in Okta to buy its stock at a price that has no basis in reality. In that case, they are not buying Okta because the equity is a good investment, but because they need to do something to avoid the feeling of missing out. On the other hand, investors will often sell stocks at prices well below their value during bear markets because they need to stop feeling the pain of losing money.
Okta after-hype prediction price | USD 92.44 |
There is no one specific way to measure market sentiment using hype analysis or a similar predictive technique. This prediction method should be used in combination with more fundamental and traditional techniques such as stock price forecasting, technical analysis, analysts consensus, earnings estimates, and various momentum models.
Prediction based on Rule 16 of the current Okta contract
Based on the Rule 16, the options market is currently suggesting that Okta Inc will have an average daily up or down price movement of about 2.35% per day over the life of the 2024-05-03 option contract. With Okta trading at USD 92.29, that is roughly USD 2.17 . If you think that the market is fully incorporating Okta's daily price movement you should consider acquiring Okta Inc options at the current volatility level of 37.61%. But if you have an opposite viewpoint you should avoid it and even consider selling them.
Okta |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Okta'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.
Okta After-Hype Price Prediction Density Analysis
As far as predicting the price of Okta at your current risk attitude, this probability distribution graph shows the chance that the prediction will fall between or within a specific range. We use this chart to confirm that your returns on investing in Okta or, for that matter, your successful expectations of its future price, cannot be replicated consistently. Please note, a large amount of money has been lost over the years by many investors who confused the symmetrical distributions of Stock prices, such as prices of Okta, with the unreliable approximations that try to describe financial returns.
Next price density |
| Expected price to next headline |
Okta Estimiated After-Hype Price Volatility
In the context of predicting Okta's stock value on the day after the next significant headline, we show statistically significant boundaries of downside and upside scenarios based on Okta's historical news coverage. Okta's after-hype downside and upside margins for the prediction period are 88.97 and 95.91, respectively. We have considered Okta's daily market price in relation to the headlines to evaluate this method's predictive performance. Remember, however, there is no scientific proof or empirical evidence that news-based prediction models outperform traditional linear, nonlinear models or artificial intelligence models to provide accurate predictions consistently.
Current Value
Okta is very steady at this time. Analysis and calculation of next after-hype price of Okta Inc is based on 3 months time horizon.
Okta Stock Price Prediction Analysis
Have you ever been surprised when a price of a Company such as Okta is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Okta backward and forwards among themselves. Have you ever observed a lot of a particular company's price movement is driven by press releases or news about the company that has nothing to do with actual earnings? Usually, hype to individual companies acts as price momentum. If not enough favorable publicity is forthcoming, the Stock price eventually runs out of speed. So, the rule of thumb here is that as long as this news hype has nothing to do with immediate earnings, you should pay more attention to it. If you see this tendency with Okta, there might be something going there, and it might present an excellent short sale opportunity.
| Expected Return | Period Volatility | Hype Elasticity | Related Elasticity | News Density | Related Density | Expected Hype |
0.18 | 3.47 | 0.15 | 0.05 | 10 Events / Month | 7 Events / Month | In about 10 days |
| Latest traded price | Expected after-news price | Potential return on next major news | Average after-hype volatility | ||
92.29 | 92.44 | 0.16 |
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Okta Hype Timeline
Okta Inc is now traded for 92.29. The entity has historical hype elasticity of 0.15, and average elasticity to hype of competition of -0.05. Okta is anticipated to increase in value after the next headline, with the price projected to jump to 92.44 or above. The average volatility of media hype impact on the company the price is over 100%. The price jump on the next news is projected to be 0.16%, whereas the daily expected return is now at 0.18%. The volatility of related hype on Okta is about 1234.39%, with the expected price after the next announcement by competition of 92.24. The company reported the previous year's revenue of 2.26 B. Net Loss for the year was (355 M) with profit before overhead, payroll, taxes, and interest of 1.31 B. Given the investment horizon of 90 days the next anticipated press release will be in about 10 days. Check out Okta Basic Forecasting Models to cross-verify your projections.Okta Related Hype Analysis
Having access to credible news sources related to Okta's direct competition is more important than ever and may enhance your ability to predict Okta's future price movements. Getting to know how Okta's peers react to changing market sentiment, related social signals, and mainstream news is a great way to find investing opportunities and time the market. The summary table below summarizes the essential lagging indicators that can help you analyze how Okta may potentially react to the hype associated with one of its peers.
| HypeElasticity | NewsDensity | SemiDeviation | InformationRatio | PotentialUpside | ValueAt Risk | MaximumDrawdown | |||
| ZS | Zscaler | (1.08) | 11 per month | 0.00 | (0.17) | 4.02 | (4.36) | 18.41 | |
| NET | Cloudflare | (1.18) | 10 per month | 2.30 | 0.02 | 4.61 | (3.65) | 24.93 | |
| CRWD | Crowdstrike Holdings | 1.10 | 10 per month | 2.54 | (0.01) | 3.76 | (3.90) | 14.87 | |
| PATH | Uipath Inc | (0.32) | 11 per month | 0.00 | (0.10) | 3.75 | (5.24) | 15.39 | |
| CHKP | Check Point Software | 1.15 | 11 per month | 0.00 | (0.12) | 1.32 | (1.64) | 7.49 | |
| RPD | Rapid7 Inc | (0.93) | 10 per month | 0.00 | (0.14) | 3.16 | (4.75) | 13.45 | |
| TENB | Tenable Holdings | (0.38) | 10 per month | 0.00 | (0.05) | 2.50 | (2.91) | 12.07 | |
| DOCN | DigitalOcean Holdings | (0.47) | 8 per month | 2.76 | (0) | 4.36 | (3.83) | 15.48 | |
| BAND | Bandwidth | (0.42) | 10 per month | 3.46 | 0.06 | 5.87 | (5.48) | 58.73 |
Okta Additional Predictive Modules
Most predictive techniques to examine Okta price help traders to determine how to time the market. We provide a combination of tools to recognize potential entry and exit points for Okta using various technical indicators. When you analyze Okta charts, please remember that the event formation may indicate an entry point for a short seller, and look at other indicators across different periods to confirm that a breakdown or reversion is likely to occur.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
About Okta Predictive Indicators
The successful prediction of Okta stock price could yield a significant profit to investors. But is it possible? The efficient-market hypothesis suggests that all published stock prices of traded companies, such as Okta Inc, already reflect all publicly available information. This academic statement is a fundamental principle of many financial and investing theories used today. However, the typical investor usually disagrees with a 'textbook' version of this hypothesis and continually tries to find mispriced stocks to increase returns. We use internally-developed statistical techniques to arrive at the intrinsic value of Okta based on analysis of Okta hews, social hype, general headline patterns, and widely used predictive technical indicators.
We also calculate exposure to Okta's market risk, different technical and fundamental indicators, relevant financial multiples and ratios, and then comparing them to Okta's related companies. | 2023 | 2024 (projected) | Payables Turnover | 48.42 | 50.84 | Days Of Inventory On Hand | 55.35 | 58.12 |
Story Coverage note for Okta
The number of cover stories for Okta depends on current market conditions and Okta's risk-adjusted performance over time. The coverage that generates the most noise at a given time depends on the prevailing investment theme that Okta is classified under. However, while its typical story may have numerous social followers, the rapid visibility can also attract short-sellers, who usually are skeptical about Okta's long-term prospects. So, having above-average coverage will typically attract above-average short interest, leading to significant price volatility.
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Okta Short Properties
Okta's future price predictability will typically decrease when Okta's long traders begin to feel the short-sellers pressure to drive the price lower. The predictive aspect of Okta Inc often depends not only on the future outlook of the potential Okta'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's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 163.6 M | |
| Cash And Short Term Investments | 2.2 B |
Check out Okta Basic Forecasting Models to cross-verify your projections. You can also try the Instant Ratings module to determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Complementary Tools for Okta Stock analysis
When running Okta's price analysis, check to measure Okta'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 is operating at the current time. Most of Okta's value examination focuses on studying past and present price action to predict the probability of Okta's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Okta's price. Additionally, you may evaluate how the addition of Okta to your portfolios can decrease your overall portfolio volatility.
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Is Okta'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. If investors know Okta 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 listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (2.17) | Revenue Per Share 13.83 | Quarterly Revenue Growth 0.186 | Return On Assets (0.03) | Return On Equity (0.06) |
The market value of Okta Inc is measured differently than its book value, which is the value of Okta that is recorded on the company's balance sheet. Investors also form their own opinion of Okta's value that differs from its market value or its book value, called intrinsic value, which is Okta'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's market value can be influenced by many factors that don't directly affect Okta'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's value and its price as these two are different measures arrived at by different means. Investors typically determine if Okta is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Okta'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.