Stocks Taking Center Stage: Microsoft Corporation (MSFT), Okta, Inc. (OKTA) - GV Times

The price of Microsoft Corporation (NASDAQ:MSFT) went down by $-1.49 now trading at $126.18. Their shares witnessed a 34.29% increase from the 52-week low price of $93.96 they recorded on 2018-12-26. Even though it is still -4.11% behind the $131.37 high touched on 2019-04-25. The last few days have been rough for the stock, as its price has decreased by -2.13% during the week. It has also performed better over the past three months, as it added around 13.71% while it has so far climbed around 29.42% during the course of a year. The stock of MSFT recorded 24.23% uptrend from the beginning of this year till date. The 12-month potential price target for Microsoft Corporation is set at $143.16. This target means that the stock has an upside potential to increase by 13.46% from the current trading price.

162 institutions entered new Microsoft Corporation (NASDAQ:MSFT) positions, 1488 added to their existing positions in these shares, 1508 lowered their positions, and 107 exited their positions entirely.

Microsoft Corporation (MSFT) trade volume has decreased by -5.88% as around 23,385,848 shares were sold when compared with its 50-day average volume of traded shares which is 24,845,959. At the moment, MSFT is witnessing a downtrend, as it is trading -0.88% below its 20-day SMA, 2.96% above its 50-day SMA, and 13.07% above its 200-day SMA. The company runs an ROE of roughly 39.3%, with financial analysts predicting that their earnings per share growth will be around 14.8% per annum for the next five year. This will be compared to the 8.5% increase witnessed over the past five years.

The first technical resistance point for Microsoft Corporation (NASDAQ:MSFT) will likely come at $126.73, marking a 0.43% premium to the current level. The second resistance point is at $127.29, about 0.87% premium to its current market price. On the other hand, inability to breach the immediate hurdles can drag it down to $124.19, the lower end of the range. MSFT’s 14-day MACD is 0.5 and this positive figure indicates an upward trading trend. The company’s 14-day RSI (relative strength index) score is 52.18, which shows that its stock has been neutral. The 20-day historical volatility for the stock stands at 22.04 percent, which is high when compared to that of the 50-day’s 19.12 percent.

The shares of Okta, Inc. (NASDAQ:OKTA) has decreased by -1.56%, and now trading at $107.98 on the Wall Street in the intra-day deal, with their shares traded now around 2,031,193. This is a decline of -13,179 shares over the average 2,044,372 shares that were traded daily over the last three months. The stock that is trading at $107.98 went higher by 157.83% from its 52-week low of $41.88 that it attained back on 2018-11-20. The stock recorded a 52-week high of $111.94 nearly 2 days ago on 2019-05-22.

OKTA stock has performed well over the past 30 days, as it added 6.14% while its price climbed by 69.25% year-to-date (YTD). Looking at the last few days, it has been tough for the stock, as it tumbled -1.58% over the last week. The stock’s 12-month potential target price is now at $88.53. This means that the stock price might likely increase by -18.01% from its current trading price. 13 out of 20 Wall Street analysts which represents 65% rated the stock as a buy while the remaining 35% rated it as a hold, with 0% of analysts rating it as a sell.

Okta, Inc. (NASDAQ:OKTA) has been utilizing an ROE that is roughly -50.6%, with stock analysts predicting that the company’s EPS for the next five years will go up by 20% per year, following the 0% drop that was witnessed during the past five years. The stock at the moment is on a uptrend, trading 2.19% above its 20-day SMA, 13.76% above its 50-day SMA, and 46.86% above its 200-day SMA. In percentage terms, the aggregate Okta, Inc. shares held by institutional investors is 75.1%. 103 institutions jumped in to acquire Okta, Inc. (OKTA) fresh stake, 210 added to their current holdings in these shares, 146 lowered their positions, and 46 left no stake in the company.

The stock’s 9-day MACD is 1.68 and this positive figure indicates an upward trading trend. The company’s 9-day RSI score is 57, which shows that its stock has been neutral. The 20-day historical volatility for the shares stand at 37.02 percent, which is less when compared to that of the 50-day’s 40.84 percent. On the daily chart, we see that the stock could reach the first level of resistance at $109.52, sporting a 1.41% premium to the current level. The next resistance point is at $111.07, representing nearly 2.78% premium to the current market price of Okta, Inc. (OKTA). On the other hand, failure to breach the immediate hurdles can drag it down to $103.75, the lower end of the range.

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