The stock of Oklo Inc (NYSE: OKLO) has decreased by -2.34 when compared to last closing price of 25.23. Despite this, the company has experienced a 36.89% gain in its stock price over the last five trading sessions. accesswire.com reported 2024-11-22 that NEW YORK, NY / ACCESSWIRE / November 22, 2024 / Levi & Korsinsky notifies investors that it has commenced an investigation of Oklo Inc. (“Oklo Inc.”) (NYSE:OKLO) concerning possible violations of federal securities laws. Kerrisdale Capital published a short report on Oklo on November 20, 2024, which it described as “a $3B nuclear energy company that went public via SPAC six months ago – with no regulator-approved design, no revenue for years, and no proven commercial viability for its planned 15-50 MWe microreactors.
Is It Worth Investing in Oklo Inc (NYSE: OKLO) Right Now?
The 36-month beta value for OKLO is at -0.54. Analysts have varying views on the stock, with 2 analysts rating it as a “buy,” 0 rating it as “overweight,” 2 as “hold,” and 0 as “sell.”
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The public float for OKLO is 69.46M, and currently, shorts hold a 21.80% of that float. The average trading volume for OKLO on November 22, 2024 was 13.87M shares.
OKLO’s Market Performance
OKLO’s stock has seen a 36.89% increase for the week, with a 36.43% rise in the past month and a 254.53% gain in the past quarter. The volatility ratio for the week is 19.02%, and the volatility levels for the past 30 days are at 16.13% for Oklo Inc The simple moving average for the last 20 days is 8.16% for OKLO stock, with a simple moving average of 117.02% for the last 200 days.
Analysts’ Opinion of OKLO
Many brokerage firms have already submitted their reports for OKLO stocks, with B. Riley Securities repeating the rating for OKLO by listing it as a “Buy.” The predicted price for OKLO in the upcoming period, according to B. Riley Securities is $10 based on the research report published on September 19, 2024 of the current year 2024.
Citigroup gave a rating of “Neutral” to OKLO, setting the target price at $11 in the report published on June 04th of the current year.
OKLO Trading at 54.32% 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 -12.38% of loss for the given period.
Volatility was left at 16.13%, however, over the last 30 days, the volatility rate increased by 19.02%, as shares surge +29.62% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +292.55% upper at present.
During the last 5 trading sessions, OKLO rose by +37.61%, which changed the moving average for the period of 200-days by +133.46% in comparison to the 20-day moving average, which settled at $22.79. In addition, Oklo Inc saw 133.33% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for OKLO
The total capital return value is set at -0.11. Equity return is now at value -9.22, with -8.65 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 -48.92.
Currently, EBITDA for the company is -18.56 million with net debt to EBITDA at 3.51. The liquidity ratio also appears to be rather interesting for investors as it stands at 48.45.
Conclusion
In conclusion, Oklo Inc (OKLO) has had a better performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
