Should You Expect A Quick Recovery From Oklo Inc (NYSE: OKLO) After -19.1% Decline From High?

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Oklo Inc (NYSE:OKLO)’s traded shares stood at 11.12 million during the last session, with the company’s beta value hitting -0.54. At the close of trading, the stock’s price was $23.61, to imply an increase of 7.22% or $1.59 in intraday trading. The OKLO share’s 52-week high remains $28.12, putting it -19.1% down since that peak but still an impressive 77.34% since price per share fell to its 52-week low of $5.35. The company has a valuation of $3.09B, with an average of 16.84 million shares in intraday trading volume over the past 10 days and average of 17.69 million shares over the past 3 months.

Analysts have given a consensus recommendation of Hold for Oklo Inc (OKLO), translating to a mean rating of 2.00. Of 1 analyst(s) looking at the stock, 0 analyst(s) give OKLO a Sell rating. 0 of those analysts rate the stock as Overweight while 1 advise Hold as 0 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at -0.07.

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Oklo Inc (NYSE:OKLO) trade information

After registering a 7.22% upside in the last session, Oklo Inc (OKLO) has traded red over the past five days. The 5-day price performance for the stock is 22.46%, and -7.18% over 30 days. With these gigs, the year-to-date price performance is 121.50%. Short interest in Oklo Inc (NYSE:OKLO) saw shorts transact 15.14 million shares and set a 0.69 days time to cover.

The extremes give us $10 and $10 for target low and target high price respectively. As such, OKLO has been trading 57.65% off suggested target high and 57.65% from its likely low.

OKLO Dividends

Oklo Inc has its next earnings report out in January. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.

Oklo Inc (NYSE:OKLO)’s Major holders

Oklo Inc insiders hold 33.87% of total outstanding shares, with institutional holders owning 44.06% of the shares at 66.62% float percentage. In total, 44.06% institutions holds shares in the company, led by DATA COLLECTIVE IV GP, LLC. As of 2024-06-30, the company held over 6.92 million shares (or 6.9193% of shares), all amounting to roughly $58.62 million.

The next major institution holding the largest number of shares is ENCOMPASS CAPITAL ADVISORS LLC with 5.72 million shares, or about 5.715% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $48.42 million.