Oklo Inc. (NYSE: OKLO) 2.88% Incline Turns Away Investor Interest In Company’s Stock

Oklo Inc. (NYSE:OKLO) traded at $7.49 at close of the session on Friday, August 09, made an upward move of 2.88% on its previous day’s price.

Looking at the stock we see that its previous close was $7.28 . The company has a trailing 12-month PE ratio of 40.05. In terms of its 52-week price range, OKLO has a high of $18.80 and a low of $7.00. The company’s stock has lost about -0.27% over that past 30 days.

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Oklo Inc. has a market cap of $914.53 million. Estimates by analysts give the company expected earnings per share (EPS) of -0.06, with the EPS growth for the year raised at -0.3 for current year and -0.3 for next year.

Based on estimates by 1 analysts, where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 1 have rated the Oklo Inc. (OKLO) stock as a Hold, while 0 rate it as a Buy. 0 analyst(s) rate it as overweight while 0 of them rated it as underweight, whereas 0 suggest the stock as a Sell. The stock has an overall rating of Hold and investors could take advantage and scoop up stock of the company.

Looking further, we note the current price level is -11.99% off its SMA20 and -14.62% from its 50-day simple moving average. The RSI (14) is pointing at 40.56 while the volatility over the past week is 7.35% and jumps to 8.47% over the past one month. The beta value is -0.13, while the average true range (ATR) is currently pointing at 0.73.

Coming back to Oklo Inc. (NYSE:OKLO), we note that the average 3-month trading volume was 4.36 million, while that of the preceding 10-day period stands at 3.2 million. Current shares outstanding are 122.10 million.

The insiders hold 43.20% of the company’s shares while institutions hold 23.46%. The data shows that short shares as of 2024-07-15, stood at 5.54 million at a short ratio of 1.37. Shares short rose in July from the previous month at 2.99 million. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock -29.07% down in year-to-date price movement.

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