Oklo Inc. [OKLO] Stock trading around $8.94 per share: What’s Next?

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Oklo Inc. [NYSE: OKLO] plunged by -$0.47 during the normal trading session on while it closed the day at $8.94.

Oklo Inc. stock has also loss -9.61% of its value over the past 7 days. However, OKLO stock has declined by -19.10% in the 3 months of the year. Over the past six months meanwhile, it has lost -15.66% and lost -15.34% year-on date.

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The market cap for OKLO stock reached $1.09 billion, with 122.10 million shares outstanding and 69.37 million shares in the current float. Compared to the average trading volume of 3.46M shares, OKLO reached a trading volume of 2992022 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say about Oklo Inc. [OKLO]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for OKLO shares is $11.00 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on OKLO stock is a recommendation set at 3.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Citigroup have made an estimate for Oklo Inc. shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on June 04, 2024.

The Average True Range (ATR) for Oklo Inc. is set at 1.17 The Price to Book ratio for the last quarter was 1.30, with the Price to Cash per share for the same quarter was set at 0.00.

OKLO stock trade performance evaluation

Oklo Inc. [OKLO] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -9.61. With this latest performance, OKLO shares dropped by -11.92% in over the last four-week period, additionally sinking by -15.66% over the last 6 months – not to mention a drop of -15.42% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for OKLO stock in for the last two-week period is set at 44.70, with the RSI for the last a single of trading hit 43.26, and the three-weeks RSI is set at 45.34 for Oklo Inc. [OKLO]. The present Moving Average for the last 50 days of trading for this stock 10.92, while it was recorded at 9.25 for the last single week of trading, and 10.78 for the last 200 days.

Oklo Inc. [OKLO]: An insightful look at the core fundamentals

Oklo Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.15 and a Current Ratio set at 0.15.

Oklo Inc. [OKLO]: Institutional Ownership

The top three institutional holders of OKLO stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.4983%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $200.69 billion in OKLO stocks shares; and BERKSHIRE HATHAWAY INC, currently with $174.35 billion in OKLO stock with ownership which is approximately 5.8386%.

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