Finance

Long-Term Investment or Short-Term? Okta, Inc. (NASDAQ:OKTA), A10 Networks, Inc. (NYSE:ATEN)

Okta, Inc. (NASDAQ:OKTA)

Okta, Inc. (NASDAQ:OKTA), ended its previous trading session at $109.71 showing a gain of 3.58 or 3.37 percent with respect to the price of $106.13 when stock market opened. The company traded 1.82 Million shares over the course of the trading day. Giving the average volume of 2.16 Million over the course of 3 consecutive months. Which signifies a pretty good change over the time with its shares outstanding of 114.96 Million.

Okta, Inc. (NASDAQ:OKTA) is currently trading Higher than its price target which is set to $88.53 by the analyst. The stock is 1.24% Above its 1-Year High which is $108.37. OKTA has a difference of 161.96% from its 1 year low which stands at $41.88. The company is currently rated by analyst who are keeping a close eye on the stock as 2.1. Where 1 means Buy, 2.5 meaning Hold and 5 as Sell.

Okta, Inc. (NASDAQ:OKTA) Performance Snapshot

The stock performed exceptionally good in the previous week which depicts an increase of 3.12 percent in the shares price. The company added about 16.44% in its share price over 1-Month. While taking about the performance of the stock over 1-year interval is 126.11 Percent. OKTA currently shows 71.96% as its year to date performance.

Okta, Inc. (NASDAQ:OKTA) Price Insight

The stock needs to grow about $-21.18 to reach its price target. In order to seek the stock’s directional movements, 20-Days, 50 Days and 200-Days moving averages are 7.2%, 19.3% and 52.21 percent respectively. The stock trades about 7.25 percent of its Float giving its total shares Outstanding are 114.96 Million. OKTA gained about 100.86 percent in 6 months showing its Average True Range of 4.33. The company currently has a RSI and Beta of 67.06 and 0.

While talking about Okta, Inc. (NASDAQ:OKTA) valuation ratios, the stock trades with a P/S and P/B of 31.59 and 47.91 which is significantly better and attractive as compared to its peers.

A10 Networks, Inc. (NYSE:ATEN)

A10 Networks, Inc. (NYSE:ATEN), closed the last trading session at $6.44 with increase of $0.12 or 1.9 percent against the opening price of $6.32. The trading day volume of the company stands at 612315 shares while the average trading volume of A10 Networks, Inc. (NYSE:ATEN) is 396.93 Million over the course of 3 consecutive months. Which signifies a pretty good change over the time with its shares outstanding of 75.31 Million.

The price target of A10 Networks, Inc. (NYSE:ATEN) is currently set at 9 by the analysts. The stock is $-13.67 Below its 1-Year High which is $7.46. ATEN hit its 1-Year low price of $5.51. The company is currently rated by analyst who are keeping a close eye on the stock as 2. Where 1 means Buy, 2.5 meaning Hold and 5 as Sell.

Performance Indicators of A10 Networks, Inc. (NYSE:ATEN)

The value of the stock increased by 0.63% during the previous week performance. Looking at the 1 month performance of A10 Networks, Inc. (NYSE:ATEN), the stock dipped -5.99%. While the 1 year performance shows a positive percentage of 5.4 and year to date performance stands at 3.21%.

A10 Networks, Inc. (NYSE:ATEN) Analytical Review

The stock needs to grow about $2.56 to reach its price target. In order to seek the stock’s directional movements, 20-Days, 50 Days and 200-Days moving averages are -2.48%, -6.24% and -1.09 percent respectively. The stock trades about 1.74 percent of its Float giving its total shares Outstanding are 75.31 Million. ATEN gained about 3.7 percent in 6 months showing its Average True Range of 0.19. The company currently has a RSI and Beta of 42.45 and 0.68.

While talking about A10 Networks, Inc. (NYSE:ATEN) valuation ratios, the stock trades with a P/S and P/B of 2.08 and 4.99 which is significantly better and attractive as compared to its peers.