Oklo (NYSE:OKLO) Now Covered by Analysts at HC Wainwright

Research analysts at HC Wainwright began coverage on shares of Oklo (NYSE:OKLO - Get Free Report) in a research report issued on Wednesday, MarketBeat reports. The brokerage set a "buy" rating and a $55.00 price target on the stock. HC Wainwright's price target would indicate a potential upside of 131.68% from the stock's previous close. HC Wainwright also issued estimates for Oklo's Q1 2025 earnings at ($0.11) EPS, Q2 2025 earnings at ($0.12) EPS, Q3 2025 earnings at ($0.13) EPS, Q4 2025 earnings at ($0.15) EPS, FY2025 earnings at ($0.51) EPS, FY2026 earnings at ($0.64) EPS, FY2027 earnings at ($0.72) EPS, FY2028 earnings at ($0.63) EPS and FY2029 earnings at $0.32 EPS.

A number of other research firms have also weighed in on OKLO. BTIG Research began coverage on shares of Oklo in a research note on Friday, April 11th. They issued a "neutral" rating for the company. Citigroup lowered their price target on shares of Oklo from $31.00 to $30.00 and set a "neutral" rating for the company in a research report on Tuesday, March 25th. Wedbush reissued an "outperform" rating and set a $45.00 price objective on shares of Oklo in a report on Tuesday, March 25th. Craig Hallum assumed coverage on shares of Oklo in a research note on Tuesday, January 28th. They issued a "buy" rating and a $44.00 price objective for the company. Finally, B. Riley increased their target price on Oklo from $27.00 to $58.00 and gave the company a "buy" rating in a research report on Thursday, February 6th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $46.40.

Oklo Price Performance

OKLO stock traded down $0.58 during mid-day trading on Wednesday, reaching $23.74. The company had a trading volume of 6,533,540 shares, compared to its average volume of 11,658,659. The firm has a 50 day moving average of $26.45 and a 200 day moving average of $26.65. Oklo has a 12 month low of $5.35 and a 12 month high of $59.14. The company has a market capitalization of $3.30 billion, a PE ratio of -2.34 and a beta of -0.01.

Oklo (NYSE:OKLO - Get Free Report) last released its quarterly earnings data on Monday, March 24th. The company reported ($0.09) EPS for the quarter, missing the consensus estimate of ($0.08) by ($0.01). Analysts anticipate that Oklo will post -8.2 EPS for the current year.

Insider Buying and Selling at Oklo

In other Oklo news, CEO Jacob Dewitte sold 41,000 shares of the stock in a transaction dated Monday, March 31st. The stock was sold at an average price of $21.80, for a total value of $893,800.00. Following the completion of the sale, the chief executive officer now directly owns 10,852,926 shares in the company, valued at approximately $236,593,786.80. This trade represents a 0.38 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director John M. Jansen purchased 6,000 shares of the stock in a transaction on Thursday, March 27th. The stock was acquired at an average cost of $24.57 per share, with a total value of $147,420.00. Following the acquisition, the director now owns 6,000 shares of the company's stock, valued at approximately $147,420. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. 21.80% of the stock is owned by insiders.

Hedge Funds Weigh In On Oklo

Several hedge funds have recently modified their holdings of the stock. TD Waterhouse Canada Inc. acquired a new position in Oklo during the 4th quarter valued at approximately $27,000. CoreCap Advisors LLC purchased a new stake in shares of Oklo during the fourth quarter valued at $32,000. Sandy Spring Bank acquired a new position in shares of Oklo in the 4th quarter valued at $32,000. Covestor Ltd purchased a new position in Oklo in the 4th quarter worth $34,000. Finally, KBC Group NV purchased a new position in Oklo in the 1st quarter worth $36,000. Institutional investors and hedge funds own 85.03% of the company's stock.

Oklo Company Profile

Oklo Inc designs and develops fission power plants to provide reliable and commercial-scale energy to customers in the United States. It also provides used nuclear fuel recycling services. The company was founded in 2013 and is based in Santa Clara, California.