What Has Been Going On With Oklo Inc (NYSE: OKLO)?

Oklo Inc (NYSE:OKLO) traded at $25.20 at close of the session on current trade day and made a downward move of -0.12% on its previous day’s price.

Looking at the stock we see that its previous close was $25.23 and the beta (5Y monthly) reads -0.576 with the day’s price range being $24.29 – $26.45. In terms of its 52-week price range, OKLO has a high of $28.12 and a low of $5.35. The company’s stock has gained about 39.53% over that past 30 days.

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Oklo Inc has a market cap of $3.07 billion and is expected to release its quarterly earnings report in December.

On the other hand, looking at the outlook for the OKLO stock, short term indicators assign the stock an average of 100% Buy, while medium term indicators assign it an average of 100% Buy.

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 10.48% off its SMA20 and 57.71% from its 50-day simple moving average. The RSI (14) is pointing at 60.36 while the volatility over the past week is 16.48% and jumps to 16.06% over the past one month. The beta value is -0.54, while the average true range (ATR) is currently pointing at 3.22. The average price target for the stock over the next 12 months is $10, with the estimates having a low of $10 and a high of $10. These price ends are 60.32% and 60.32% off the current price level respectively, although investors could be excited at the prospect of a 60.32% if the OKLO share price touches on the median price of $10.

Coming back to Oklo Inc (NYSE:OKLO), we note that the average 3-month trading volume was 13.87 million, while that of the preceding 10-day period stands at 21.12 million. Current shares outstanding are 122.10 million.

The insiders hold 35.16% of the company’s shares while institutions hold 33.47%. The data shows that short shares as of 2024-10-31, stood at 15.14 million at a short ratio of 0.69. Shares short rose in October from the previous month at 8.58 million. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock 138.64% up in year-to-date price movement.

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