The stock of Oklo Inc. (OKLO) has seen a 3.39% increase in the past week, with a 8.44% gain in the past month, and a -9.95% decrease in the past quarter. The volatility ratio for the week is 9.95%, and the volatility levels for the past 30 days are at 12.57% for OKLO. The simple moving average for the last 20 days is 6.30% for OKLO’s stock, with a simple moving average of -9.63% for the last 200 days.
Is It Worth Investing in Oklo Inc. (NYSE: OKLO) Right Now?
The price-to-earnings ratio for Oklo Inc. (NYSE: OKLO) is above average at 52.25x, Company’s 36-month beta value is -0.21.Analysts have differing opinions on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for OKLO is 69.37M, and currently, short sellers hold a 3.91% ratio of that floaft. The average trading volume of OKLO on June 18, 2024 was 3.12M shares.
OKLO) stock’s latest price update
Oklo Inc. (NYSE: OKLO)’s stock price has gone rise by 3.94 in comparison to its previous close of 9.40, however, the company has experienced a 3.39% increase in its stock price over the last five trading days. businesswire.com reported 2024-06-07 that SANTA CLARA, Calif.–(BUSINESS WIRE)– #advancedfission–Oklo Inc. (NYSE: OKLO) (“Oklo” or the “Company”), a fast fission clean power technology and nuclear fuel recycling company, today announced its participation in the following upcoming investor conferences: Evercore Global Clean Energy & Transition Technologies Summit Date: June 11-12, 2024 Location: New York, NY JP Morgan Energy, Power and Renewables Conference Date: June 17-18, 2024 Location: New York, NY Canaccord Genuity 44th Annual Growth Conference.
Analysts’ Opinion of OKLO
Many brokerage firms have already submitted their reports for OKLO stocks, with Citigroup repeating the rating for OKLO by listing it as a “Neutral.” The predicted price for OKLO in the upcoming period, according to Citigroup is $11 based on the research report published on June 04, 2024 of the current year 2024.
OKLO Trading at -14.60% from the 50-Day Moving Average
After a stumble in the market that brought OKLO to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -48.03% of loss for the given period.
Volatility was left at 12.57%, however, over the last 30 days, the volatility rate increased by 9.95%, as shares surge +24.23% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -39.94% lower at present.
During the last 5 trading sessions, OKLO rose by +2.01%, which changed the moving average for the period of 200-days by -6.95% in comparison to the 20-day moving average, which settled at $9.28. In addition, Oklo Inc. saw -7.48% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for OKLO
Equity return is now at value 2.61, with 2.50 for asset returns.
The liquidity ratio also appears to be rather interesting for investors as it stands at 0.15.
Conclusion
In a nutshell, Oklo Inc. (OKLO) has experienced a mixed performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
