Oklo Inc (NYSE:OKLO) Has Reached A Distance Of 87.23% From Its Low, So Is It Poised For More Gains?

In last trading session, Oklo Inc (NYSE:OKLO) saw 34.09 million shares changing hands with its beta currently measuring -0.39. Company’s recent per share price level of $41.91 trading at $6.61 or 18.73% at ring of the bell on the day assigns it a market valuation of $5.12B. That closing price of OKLO’s stock is at a discount of -4.27% from its 52-week high price of $43.70 and is indicating a premium of 87.23% 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 25.69 million shares which gives us an average trading volume of 17.54 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 1.83. 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 18.73%, in the last five days OKLO remained trading in the green while hitting it’s week-highest on Friday, 01/24/25 when the stock touched $41.91 price level, adding 4.1% to its value on the day. Oklo Inc’s shares saw a change of 97.41% in year-to-date performance and have moved 8.07% in past 5-day. Oklo Inc (NYSE:OKLO) showed a performance of 83.98% 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 -319.1% 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 76.14% in reaching the projected high whereas dropping to the targeted low would mean a gain of 76.14% for stock’s current value.

In 2025, company’s earnings growth rate is likely to be around -1099.16% while estimates for its earnings growth in next 5 years are of 1.98%.

Oklo Inc (NYSE:OKLO)’s Major holders

Insiders are in possession of 33.87% of company’s total shares while institution are holding 44.06 percent of that, with stock having share float percentage of 66.62%. Investors also watch the number of corporate investors in a company very closely, which is 44.06% institutions for Oklo Inc that are currently holding shares of the company. 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.

On the other hand, Global X Fds-Global X Uranium ETF and VanEck ETF Trust-VanEck Uranium+Nuclear Energy ETF are the top two Mutual Funds which own company’s shares. As of Nov 30, 2024 , the former fund manager was holding 4.75 shares of worth $198.93 million or 3.89% of the total outstanding shares. The later fund manager was in possession of 1.31 shares on Nov 30, 2024 , making its stake of worth around $54.82 million in the company or a holder of 1.07% of company’s stock.