Oklo Inc (NYSE: OKLO) Surprises Investors, Looks Strong In The Future

In the latest trading session, 6.85 million Oklo Inc (NYSE:OKLO) shares changed hands as the company’s beta touched -0.52. With the company’s most recent per share price at $19.85 changed hands at -$1.67 or -7.78% at last look, the market valuation stands at $2.49B. OKLO’s current price is a discount, trading about -41.66% off its 52-week high of $28.12. The share price had its 52-week low at $5.35, which suggests the last value was 73.05% up since then. When we look at Oklo Inc’s average trading volume, we note the 10-day average is 16.0 million shares, with the 3-month average coming to 17.51 million.

Analysts gave the Oklo Inc (OKLO) stock a consensus recommendation rating of Hold, calculated at a mean rating of 2.00. If we narrow down to specifics, the data shows that 0 out of 1 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 1 recommended OKLO as a Hold, 0 felt it is a Buy and 0 rated the stock as Underweight. Oklo Inc’s EPS for the current quarter is expected to be -0.07.

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Oklo Inc (NYSE:OKLO) trade information

Instantly OKLO was in red as seen in intraday trades today. With action 7.40%, the performance over the past five days has been green. The company’s shares are showing year-to-date upside of 87.94%, with the 5-day performance at 7.40% in the green. However, in the 30-day time frame, Oklo Inc (NYSE:OKLO) is -21.34% down. Looking at the short shares, we see there were 15.14 million shares sold at short interest cover period of 0.69 days.

The consensus price target for the stock as assigned by Wall Street analysts is 10, meaning bulls need a downside of -98.5% from its recent market value. According to analyst projections, OKLO’s forecast low is 10 with 10 as the target high. To hit the forecast high, the stock’s price needs a 49.62% surge from its current level, while the stock would need to tank 49.62% for it to hit the projected low.

Oklo Inc (NYSE:OKLO)’s Major holders

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