Oklo Inc. (NYSE: OKLO) has a price-to-earnings ratio of 33.26x that is above its average ratio. Additionally, the 36-month beta value for OKLO is -0.29. There are mixed opinions on the stock, with 1 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 9.70% ratio of that float. The average trading volume of OKLO on September 19, 2024 was 2.84M shares.
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OKLO) stock’s latest price update
Oklo Inc. (NYSE: OKLO)’s stock price has decreased by -1.27 compared to its previous closing price of 6.30. However, the company has seen a 1.97% increase in its stock price over the last five trading sessions. fool.com reported 2024-08-29 that You probably know Sam Altman’s AI organization, but he’s also the chairman of Oklo, an advanced nuclear technology company.
OKLO’s Market Performance
OKLO’s stock has risen by 1.97% in the past week, with a monthly drop of -14.44% and a quarterly drop of -37.11%. The volatility ratio for the week is 5.91% while the volatility levels for the last 30 days are 6.75% for Oklo Inc. The simple moving average for the last 20 days is -1.43% for OKLO stock, with a simple moving average of -37.65% for the last 200 days.
Analysts’ Opinion of OKLO
Citigroup, on the other hand, stated in their research note that they expect to see OKLO reach a price target of $11. The rating they have provided for OKLO stocks is “Neutral” according to the report published on June 04th, 2024.
OKLO Trading at -16.22% 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 -66.91% of loss for the given period.
Volatility was left at 6.75%, however, over the last 30 days, the volatility rate increased by 5.91%, as shares sank -10.12% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -19.01% lower at present.
During the last 5 trading sessions, OKLO rose by +1.97%, which changed the moving average for the period of 200-days by -39.90% in comparison to the 20-day moving average, which settled at $6.28. In addition, Oklo Inc. saw -41.10% 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 -0.07. 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 0.0 points at debt to capital in total, while cash flow to debt ratio is standing at -59.91.
Currently, EBITDA for the company is -4.27 million with net debt to EBITDA at 13.4. 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.
