Oklo Inc. (NYSE: OKLO): A Suicide Machine Or A Millionaire’s Dream?

In today’s recent session, 30.08 million shares of the Oklo Inc. (NYSE:OKLO) have been traded, and its beta is -0.24. Most recently the company’s share price was $24.51, and it changed around $5.4 or 28.25% from the last close, which brings the market valuation of the company to $2.99B. OKLO at last check was trading at a discount to its 52-week high of $22.93, offering almost 6.45% off that amount. The share price’s 52-week low was $5.35, which indicates that the recent value has risen by an impressive 78.17% since then. We note from Oklo Inc.’s average daily trading volume that its 10-day average is 36.51 million shares, with the 3-month average coming to 8.28 million.

Oklo Inc. stock received a consensus recommendation rating of Buy, based on a mean score of 2.25. If we narrow it down even further, the data shows that 0 out of 4 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 2 recommended OKLO as a Hold, whereas 2 deemed it a Buy, and 0 rated it as Underweight. Oklo Inc. is expected to report earnings per share of -0.07 for the current quarter.

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Oklo Inc. (NYSE:OKLO) trade information

Instantly OKLO has been showing a green trend so far today with a performance of 28.25% on intraday trading today. The performance over the last five days has remained in the green territory. The rise to weekly highs of 24.63 on recent trading dayincreased the stock’s daily price by 0.49%. The company’s shares are currently up 132.09% year-to-date, but still up 9.86% over the last five days. On the other hand, Oklo Inc. (NYSE:OKLO) is 177.25% up in the 30-day period. We can see from the shorts that 8.58 million shares have been sold at a short interest cover period of 1.74 day(s).

The consensus price target as assigned by Wall Street analysts is $10, which translates to bulls needing to decrease their stock price by -145.1% from its current value. Analyst projections state that OKLO is forecast to be at a low of $10 and a high of $10.

Oklo Inc. (NYSE:OKLO)’s Major holders

ENCOMPASS CAPITAL ADVISORS LLC, with 5.715% or 5.72 million shares worth $48.42 million as of 2024-06-30, holds the second largest percentage of outstanding shares.