Oklo Inc. (NYSE: OKLO) has a price-to-earnings ratio of 35.56x that is above its average ratio. Additionally, the 36-month beta value for OKLO is -0.26. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 1 rating it as “hold,” and 0 rating it as “sell.”
The public float for OKLO is 69.46M and currently, short sellers hold a 8.66% ratio of that float. The average trading volume of OKLO on August 28, 2024 was 3.29M shares.
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OKLO) stock’s latest price update
Oklo Inc. (NYSE: OKLO)’s stock price has dropped by -3.76 in relation to previous closing price of 6.91. Nevertheless, the company has seen a loss of -6.21% in its stock price over the last five trading days. seekingalpha.com reported 2024-08-14 that Oklo Inc. (NYSE:OKLO ) Q2 2024 Earnings Conference Call August 13, 2024 5:00 PM ET Company Participants Sam Doane – Director of Investor Relations Jacob DeWitte – Co-Founder and Chief Executive Officer; Craig Bealmear – Chief Financial Officer Conference Call Participants Vikram Bagri – Citi Thomas Meric – Janney Montgomery Ryan Pfingst – the B. Riley Jeffrey Campbell – Seaport Research Partners.
OKLO’s Market Performance
Oklo Inc. (OKLO) has experienced a -6.21% fall in stock performance for the past week, with a -24.94% drop in the past month, and a -39.71% drop in the past quarter. The volatility ratio for the week is 4.74%, and the volatility levels for the past 30 days are at 6.81% for OKLO. The simple moving average for the past 20 days is -11.00% for OKLO’s stock, with a -35.29% simple moving average for the past 200 days.
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 -18.62% 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 -64.63% of loss for the given period.
Volatility was left at 6.81%, however, over the last 30 days, the volatility rate increased by 4.74%, as shares sank -26.59% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -28.94% lower at present.
During the last 5 trading sessions, OKLO fell by -5.78%, which changed the moving average for the period of 200-days by -35.08% in comparison to the 20-day moving average, which settled at $7.35. In addition, Oklo Inc. saw -37.03% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for OKLO
The total capital return value is set at -0.01. Equity return is now at value 2.61, with 2.50 for asset returns.
Based on Oklo Inc. (OKLO), the company’s capital structure generated 0.2 points at debt to capital in total, while cash flow to debt ratio is standing at -0.16.
Currently, EBITDA for the company is -4.27 million with net debt to EBITDA at -17.59. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.15.
Conclusion
In conclusion, Oklo Inc. (OKLO) has seen bad performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. 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.
