In yesterday’s Wall Street session, Oklo Inc (NYSE:OKLO) shares traded at $25.24, down -3.37% from the previous session.
OKLO stock price is now 12.96% away from the 50-day moving average and 92.31% away from the 200-day moving average. The market capitalization of the company currently stands at $3.08B.
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With the price target of $26, Wedbush recently initiated with Outperform rating for Oklo Inc (NYSE: OKLO). On September 19, 2024, B. Riley Securities recently initiated its ‘Buy’ rating on the stock quoting a target price of $10, while ‘Seaport Research Partners’ rates the stock as ‘Neutral’
In other news, Kinzley Richard, Director bought 5,000 shares of the company’s stock on Dec 23 ’24. The stock was bought for $99,750 at an average price of $19.95. Upon completion of the transaction, the Director now directly owns 5,000 shares in the company, valued at $0.13 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 20 ’24, Co-Founder, CEO DeWitte Jacob sold 230,569 shares of the business’s stock. A total of $4,983,531 was realized by selling the stock at an average price of $21.61. This leaves the insider owning 12,543,085 shares of the company worth $316.59 million. A total of 49.22% of the company’s stock is owned by insiders.
During the past 12 months, Oklo Inc has had a low of $5.35 and a high of $31.91. As of last week, the company has a debt-to-equity ratio of 0.01, a current ratio of 48.45, and a quick ratio of 48.45. The fifty day moving average price for OKLO is $22.3448 and a two-hundred day moving average price translates $13.1245 for the stock.
The latest earnings results from Oklo Inc (NYSE: OKLO) was released for 2024-06-30. The company reported revenue of $12.28 million for the quarter, compared to $4.66 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 163.31 percent.
