A Point Investors Can't Afford To Forget: Microsoft Corporation (MSFT), Okta, Inc. (OKTA)

MSFT trading volume has added 7352924 shares compared to readings over the past three months as it recently exchanged 38192924 shares. This means there is improved activity from short-term traders as per session, its average trading volume is 30840000 shares, and this is 1.24 times the normal volume. A look at its technical analysis shows that its 14-day Relative Strength Index (RSI) is in a neutral zone after reaching 48.22 point.

Microsoft Corporation (NASDAQ:MSFT) dipped by -0.28% over the past three months which led to its overall six-month increase to stand at 11.33%. The equity price sank -4% this week, a trend that has led to both investors and traders taking note of the stock. A look at its monthly performance shows that its shares have recorded a -3.1% fall over the past 30 days. Over the past 12 months the stock has embarked on a rally that has seen it rise 29.28% and is now up by 25.42% since start of this year.

The shares of Microsoft Corporation dropped by -7.66% or -$8.9 from its last recorded high of $116.18 which it attained on October 03 to close at $107.28 per share. Over the past 52 weeks, the shares of Microsoft Corporation has been trading as low as $80.7 before witnessing a massive surge by 32.94% or $26.58. This price movement has led to the MSFT stock receiving more attention and has become one to watch out for. It jumped by 2.2% on Thursday and this got the market excited. The stock’s beta now stands at 1.24 and when compared to its 200-day moving average and its 50-day moving average, MSFT price stands 5.64% above and -2.53% below respectively. Its average daily volatility for this week is 3.09% which is less than the 3.12% recorded over the past month.

Experts from research firms are bullish about the near-term performance of Microsoft Corporation (MSFT) with most of them predicting a $125.15 price target on a short-term (12 months) basis. The average price target by the analysts will see a 16.66% rise in the stock and would lead to MSFT’s market cap to surge to $979.92B. The stock has been rated an average 1.7, which roughly stands towards the bullish end of the spectrum. Reuters looked into the 34 analysts that track Microsoft Corporation (NASDAQ:MSFT) and find out that 1 of them rated it as a Hold. 32 of the 33 analysts rated it as a Buy or a Strong Buy while 1 advised investors to desist from buying the stock or sell it if they already possess it.

The price of Okta, Inc. (NASDAQ:OKTA) currently stands at $58.02 after it went up by $3.16 or 5.76% and has found a strong support at $55.53 a share. If the OKTA price drops below that critical support, then it would lead to a bearish trend. In the short-term, a dip below the $53.03 mark would also be bad for the stock as it means that the stock would plunge by 8.6% from its current position. However, if the stock price is able to trade above the resistance point around $59.49, then it could likely surge higher to try and break the upward resistance which stands at $60.96 a share. Its average daily volatility over the past one month stands at 6.58%. The stock has plunged by 6.06% from its 52-weeks high of $54.505 which it reached on Sep. 11, 2018. In general, it is 57.03% above its 52-weeks lowest point which stands at $24.93 and this setback was observed on Dec. 19, 2017.

Analysts have predicted a price target for Okta, Inc. (OKTA) for 1 year and it stands at an average $75.92/share. This means that it would likely increase by 30.85% from its current position. The current price of the stock has been moving between $54.505 and $58.47. Some brokerage firms have a lower target for the stock than the average, with one of them setting a price target as low as $65. On the other hand, one analyst is super bullish about the price, setting a target as high as $88.

Analysts view Okta, Inc. (NASDAQ:OKTA) as a Buy, with 1.9 consensus rating. Reuters surveyed 14 analysts that follow OKTA and found that 3 of those analysts rated the stock as a Hold. The remaining 11 were divided, with 11 analyst rating it as a Buy or a Strong Buy while 0 analysts advised investors to desist from buying Okta, Inc. (OKTA) shares or sell it if they already own it.

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