Is Oklo Inc (NYSE: OKLO) Back In The Buying Zone?

Currently, there are 122.10M common shares owned by the public and among those 62.00M shares have been available to trade.

The company’s stock has a 5-day price change of 13.35% and 189.59% over the past three months. OKLO shares are trading 28.36% year to date (YTD), with the 12-month market performance up to 155.87% higher. It has a 12-month low price of $5.35 and touched a high of $28.12 over the same period. OKLO has an average intraday trading volume of 18.56 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 29.29%, 25.42%, and 113.12% respectively.

Institutional ownership of Oklo Inc (NYSE: OKLO) shares accounts for 33.65% of the company’s 122.10M shares outstanding.

It has a market capitalization of $4.15B and a beta (3y monthly) value of -0.50. The earnings-per-share (ttm) stands at -$5.16. Price movements for the stock have been influenced by the stock’s volatility, which stands at 15.61% over the week and 12.65% over the month.

Earnings per share for the fiscal year are expected to decrease by -1208.00%, and 93.53% over the next financial year.

Looking at the support for the OKLO, a number of firms have released research notes about the stock. Wedbush stated their Outperform rating for the stock in a research note on December 19, 2024, with the firm’s price target at $26. B. Riley Securities coverage for the Oklo Inc (OKLO) stock in a research note released on September 19, 2024 offered a Buy rating with a price target of $10. Seaport Research Partners was of a view on September 06, 2024 that the stock is Neutral, while Citigroup gave the stock Neutral rating on June 04, 2024, issuing a price target of $11.

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