Oklo Inc. (NYSE:OKLO – Get Free Report)’s stock price reached a new 52-week low during trading on Wednesday . The stock traded as low as $44.81 and last traded at $44.74, with a volume of 2887812 shares changing hands. The stock had previously closed at $46.24.
Oklo News Summary
Here are the key news stories impacting Oklo this week:
- Positive Sentiment: Oklo continues to attract attention for its plan to recycle used nuclear fuel and use it as feedstock for its Aurora fast reactors, which could expand the company’s addressable market and strengthen its clean-energy growth narrative. Oklo (OKLO) Plans Used Fuel Recycling And Ohio Clean Energy Campus
- Positive Sentiment: The company is also advancing a clean energy campus in Ohio, adding another potential growth project and reinforcing investor interest in Oklo’s broader buildout strategy. Oklo (OKLO) Plans Used Fuel Recycling And Ohio Clean Energy Campus
- Neutral Sentiment: Coverage highlighting the U.S. stockpile of 100,000 metric tons of used nuclear fuel has kept attention on Oklo’s long-term opportunity, since its reactor design aims to turn that waste into a usable energy resource. The U.S. Has Accumulated 100,000 Metric Tons of Used Nuclear Fuel. Oklo Sees It as a Massive Potential Energy Resource.
- Neutral Sentiment: newcleo’s Nasdaq plans may have lifted broader enthusiasm for advanced nuclear names, but the direct impact on Oklo is indirect rather than company-specific. newcleo’s Nasdaq Plan Adds Fuel to Advanced Nuclear Interest
- Negative Sentiment: Several articles note that Oklo’s stock has been falling sharply and is trading near its 52-week low, which suggests investor sentiment has weakened and expectations for near-term execution remain high. What’s Wrong With Oklo’s Stock?
- Negative Sentiment: Valuation remains a concern, with one report saying the stock may be overvalued on book value and that recent setbacks have put the premium pricing in focus. Oklo (OKLO) Stock May Be Overvalued On Book Value But Strong On Returns
- Negative Sentiment: Investors are still waiting for final reactor startup milestones, so the stock can remain volatile until Oklo converts its regulatory progress into actual operating results. Oklo Slides as Investors Wait for Final Reactor Startup Milestones
Analysts Set New Price Targets
A number of research analysts have recently commented on the stock. Craig Hallum reaffirmed a “hold” rating on shares of Oklo in a research report on Wednesday, March 18th. Royal Bank Of Canada set a $80.00 price target on Oklo in a report on Friday, May 22nd. The Goldman Sachs Group dropped their target price on Oklo from $91.00 to $65.00 and set a “neutral” rating for the company in a research report on Wednesday, March 18th. Guggenheim began coverage on Oklo in a research report on Thursday, June 25th. They set a “neutral” rating for the company. Finally, Wedbush reiterated an “outperform” rating and set a $110.00 target price on shares of Oklo in a report on Tuesday, May 26th. Two analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, ten have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $84.00.
Oklo Stock Performance
The stock has a market cap of $7.92 billion, a price-to-earnings ratio of -54.39 and a beta of 1.14. The company has a 50-day simple moving average of $60.11 and a two-hundred day simple moving average of $66.16.
Oklo (NYSE:OKLO – Get Free Report) last posted its quarterly earnings results on Tuesday, May 12th. The company reported ($0.19) EPS for the quarter, topping analysts’ consensus estimates of ($0.20) by $0.01. During the same period in the prior year, the firm posted ($0.07) EPS. As a group, sell-side analysts predict that Oklo Inc. will post -0.73 earnings per share for the current fiscal year.
Insider Buying and Selling at Oklo
In other news, CEO Jacob Dewitte sold 60,000 shares of the company’s stock in a transaction that occurred on Wednesday, July 1st. The shares were sold at an average price of $52.80, for a total transaction of $3,168,000.00. Following the completion of the sale, the chief executive officer owned 511,533 shares of the company’s stock, valued at approximately $27,008,942.40. This represents a 10.50% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Richard Craig Bealmear sold 73,081 shares of the company’s stock in a transaction on Monday, June 1st. The stock was sold at an average price of $68.42, for a total value of $5,000,202.02. Following the sale, the chief financial officer owned 397,642 shares of the company’s stock, valued at $27,206,665.64. The trade was a 15.53% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 683,629 shares of company stock valued at $43,902,208 in the last quarter. Company insiders own 18.90% of the company’s stock.
Institutional Inflows and Outflows
Large investors have recently modified their holdings of the company. NBC Securities Inc. grew its stake in shares of Oklo by 75.0% in the fourth quarter. NBC Securities Inc. now owns 350 shares of the company’s stock worth $25,000 after purchasing an additional 150 shares during the last quarter. GAMMA Investing LLC lifted its holdings in Oklo by 356.2% during the 4th quarter. GAMMA Investing LLC now owns 365 shares of the company’s stock worth $26,000 after buying an additional 285 shares during the period. Strategic Advocates LLC bought a new stake in shares of Oklo in the 3rd quarter valued at about $43,000. Gilpin Wealth Management LLC bought a new stake in shares of Oklo in the 4th quarter valued at about $29,000. Finally, Wilmington Savings Fund Society FSB acquired a new stake in shares of Oklo in the third quarter valued at about $45,000. 85.03% of the stock is currently owned by institutional investors.
Oklo Company Profile
Oklo, Inc is a California-based energy technology company specializing in the design and development of advanced nuclear microreactors. Headquartered in Fremont, the firm focuses on small modular reactor (SMR) technology that leverages fast-neutron fission and liquid-metal cooling to deliver carbon-free power. Oklo’s core objective is to bring compact, factory-built reactors online within a decade, offering a low-footprint alternative to traditional large nuclear plants.
The company’s flagship product, the Aurora microreactor, is a 1.5-megawatt electric (MWe) fast reactor cooled by a sodium alloy.
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