Oklo Inc (NYSE:OKLO) Stock Boosted 98.48% So Far In 2024, What Analysts Expect Next?

In last trading session, Oklo Inc (NYSE:OKLO) saw 33.75 million shares changing hands with its beta currently measuring -0.46. Company’s recent per share price level of $20.96 trading at $2.58 or 14.04% at ring of the bell on the day assigns it a market valuation of $2.56B. That closing price of OKLO’s stock is at a discount of -34.16% from its 52-week high price of $28.12 and is indicating a premium of 74.48% from its 52-week low price of $5.35. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 12.48 million shares which gives us an average trading volume of 16.94 million if we extend that period to 3-months.

For Oklo Inc (OKLO), analysts’ consensus is at an average recommendation of Hold while assigning it a mean rating of 2.00. Splitting up the data highlights that, out of 1 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 1 suggested the stock as a Hold whereas 0 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -0.07 in the current quarter.

Oklo Inc (NYSE:OKLO) trade information

Upright in the green during last session for gaining 14.04%, in the last five days OKLO remained trading in the green while hitting it’s week-highest on Wednesday, 12/18/24 when the stock touched $20.96 price level, adding 8.63% to its value on the day. Oklo Inc’s shares saw a change of 98.48% in year-to-date performance and have moved 14.10% in past 5-day. Oklo Inc (NYSE:OKLO) showed a performance of -3.85% in past 30-days. Number of shares sold short was 15.14 million shares which calculate 0.69 days to cover the short interests.

Wall Street analysts have assigned a consensus price target of 10 to the stock, which implies a fall of -109.6% to its current value. Analysts have been projecting 10 as a low price target for the stock while placing it at a high target of 10. It follows that stock’s current price would jump 52.29% in reaching the projected high whereas dropping to the targeted low would mean a gain of 52.29% for stock’s current value.

Oklo Inc (NYSE:OKLO)’s Major holders

DATA COLLECTIVE IV GP, LLC is the top institutional holder at OKLO for having 6.92 million shares of worth $58.62 million. And as of 2024-06-30, it was holding 6.9193 of the company’s outstanding shares.

The second largest institutional holder is ENCOMPASS CAPITAL ADVISORS LLC, which was holding about 5.72 million shares on 2024-06-30. The number of shares represents firm’s hold over 5.715 of outstanding shares, having a total worth of $48.42 million.