Oklo Inc (NYSE:OKLO) concluded the trading at $26.56 on Thursday, November 07, with a rise of 22.28% from its closing price on previous day.
Taking a look at stock we notice that its last check on previous day was $21.72 and 5Y monthly beta was reading -0.576 with its price kept floating in the range of $21.59 and $27.07 on the day. Considering stock’s 52-week price range provides that OKLO hit a high price of $28.12 and saw its price falling to a low level of $5.35 during that period. Over a period of past 1-month, stock came adding 176.67% in its value.
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With its current market valuation of $3.24 billion, Oklo Inc is set to declare its quarterly results in December. Analysts are in estimates of -0.07 per share for company’s earnings in the current quarter and are expecting its annual EPS growth moving up to -3.11 for current year with estimates of that growing to -0.39 in next year.
In contrast, when we review OKLO stock’s current outlook then short term indicators are assigning it an average of 100% Buy, while medium term indicators are categorizing the stock at an average of 100% Buy. Long term indicators are suggesting an average of 50% Buy for it.
According to ratings assigned by 1 analysts at the scale of 1 to 5 with 1.00 representing a strong buy and 5.00 suggesting a strong sell; 1 of them are recommending Oklo Inc (OKLO) as a Hold, while 0 are in view that stock is a Buy. Recommendation by 0 analysts for the stock is an Underweight while number of those analysts who rated the stock as an Overweight is 0, whereas 0 of them are considering the stock as a Sell. When taken as whole, stock gets a rating of Overweight and that encourages the investors to exploit the opportunity and build their stake up in the company.
Digging deeper we become aware of the PEG ratio of the OKLO stock which is currently positioned at 0. It further provides that stock’s current price level is 37.54% away from its 20-day simple moving average and is 116.08% off its SMA50. Its relative strength index (RSI) for 14-periods is oscillating at 72.10 while volatility remained at 15.78% over the past week which changes to 18.94% when measuring it over the past month. Beta is valued at -0.60, while measure of average true range or ATR is currently at 2.92. In predicting price targets of as low as $10 and as high as $10, analysts are in agreement on assigning the stock over the next 12 months average price target of $10. Stock’s current price level is 62.35% above from estimated low price target while it is 62.35% below the estimated high; and even if the OKLO’s share succeeded to reach the median price of $10, then the outlook of 62.35% could come to the excitement of the investors.
Having a second look at Oklo Inc (NYSE:OKLO) provides that stock’s average daily trading volume for 3 months was 10.53 million, while it jumped to 22113070 when we calculate an average volume for past 10 days. Number of outstanding shares of the stock stood at 122.10 million.
The percentage of outstanding shares held by the insiders is 43.11% while it is 30.70% for the institutional holders. In October the standing of shares short improved as it was 6.24 million in the previous month. Addition of 151.52% by stock’s current price to its year-to-date value in last trading session is likely to be increasing investors’ interest in the stock as it is hinting an extended uptrend.
