Oklo Inc (NYSE:OKLO) price on Thursday, March 20, fall -1.00% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $27.77.
A look at the stock’s price movement, the close in the last trading session was $28.05, moving within a range at $27.23 and $29.9. The beta value (5-Year monthly) was -0.268. Turning to its 52-week performance, $59.14 and $5.35 were the 52-week high and 52-week low respectively. Overall, OKLO moved -38.45% over the past month.
Oklo Inc’s market cap currently stands at around $3.39 billion, with investors looking forward to this quarter’s earnings report slated for on 2024-Nov-13.
Turning to the stock’s technical picture we see that short term indicators suggest on average that OKLO is a Hold. On the other hand, the stock is on average a 50% Buy as suggested by medium term indicators while long term indicators are putting the stock in 50% Buy category.
1 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 1 analyst(s) rate the stock as a Hold, 0 recommend OKLO as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Hold which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
OKLO’s current price about -5.16% and -21.42% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 43.64, while 7-day volatility ratio is 8.91% and 12.00% in the 30-day chart. Further, Oklo Inc (OKLO) has a beta value of -0.14, and an average true range (ATR) of 3.81. Analysts have given the company’s stock an average 52-week price target of $10, forecast between a low of $10 and high of $10. Looking at the price targets, the low is 63.99% off current price level while to achieve the yearly target high, price needs to move 63.99%. Nonetheless, investors will most likely welcome a 63.99% jump to $10 which is the analysts’ median price.
If we refocus on Oklo Inc (NYSE:OKLO), historical trading data shows that trading volumes averaged 12.22 over the past 10 days and 17.71 million over the past 3 months. The company’s latest data on shares outstanding shows there are 122.10 million shares.
The 31.93% of Oklo Inc’s shares are in the hands of company insiders while institutional holders own 30.46% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 11.89 million on 2025-02-28, giving us a short ratio of 0.49. Current price change has pushed the stock 30.81% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the OKLO stock continues to rise going into the next quarter.
