Oklo Inc. (NYSE:OKLO – Get Free Report) shares hit a new 52-week low during trading on Tuesday . The stock traded as low as $38.35 and last traded at $38.7550, with a volume of 1482204 shares. The stock had previously closed at $41.81.
Oklo News Roundup
Here are the key news stories impacting Oklo this week:
- Positive Sentiment: Oklo received startup authorization from the U.S. Department of Energy for its Groves Isotope Test Reactor. The approval allows the company to begin fuel loading, startup testing and reactor operations, marking progress toward producing high-value medical and industrial isotopes. Oklo Wins DOE Startup Approval For Its Groves Test Reactor
- Positive Sentiment: Oklo’s board appointed five existing leaders to executive-office roles as the company prepares for growth in advanced nuclear power. The move could improve accountability and execution, although it does not yet provide evidence of commercial revenue. Oklo strengthens executive leadership team for nuclear growth
- Neutral Sentiment: Longer term, rising electricity demand from artificial intelligence, interest in smaller reactors, faster licensing and improvements in nuclear-fuel supply could benefit Oklo and other advanced-reactor developers. These opportunities remain dependent on successful commercialization and regulatory execution. What Could Drive the Next Phase of Nuclear Energy Growth?
- Negative Sentiment: Investors have moved away from capital-intensive AI and clean-energy stocks amid concerns about profitability and funding needs. That broader risk-off sentiment pushed Oklo toward a 52-week low, adding pressure to a highly volatile stock. Why Did SKHY, EOSE, OKLO Stocks Plunge To 52-Week Lows Today?
- Negative Sentiment: One analysis argues that Oklo remains a particularly risky way to invest in the nuclear-power resurgence. The stock is more than 75% below its high, while the company remains loss-making and faces substantial execution, financing and commercialization risks. Oklo Is Down Over 75% From Its High. It’s Still Not the Best Nuclear Stock to Buy.
Wall Street Analyst Weigh In
OKLO has been the topic of a number of research analyst reports. Cantor Fitzgerald reiterated an “overweight” rating and set a $122.00 target price on shares of Oklo in a report on Wednesday, May 13th. Barclays lowered their target price on Oklo from $82.00 to $76.00 and set an “overweight” rating for the company in a research note on Wednesday, July 22nd. Truist Financial initiated coverage on Oklo in a research report on Monday, July 13th. They set a “hold” rating and a $55.00 price target on the stock. Weiss Ratings raised Oklo from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Wednesday, May 13th. Finally, Wolfe Research initiated coverage on Oklo in a report on Tuesday, May 19th. They issued a “peer perform” rating for the company. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Oklo has a consensus rating of “Moderate Buy” and an average price target of $88.00.
Oklo Price Performance
The stock has a 50 day simple moving average of $54.28 and a 200-day simple moving average of $63.04. The firm has a market cap of $6.41 billion, a PE ratio of -43.87 and a beta of 1.14.
Oklo (NYSE:OKLO – Get Free Report) last released its 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 previous year, the firm earned ($0.07) earnings per share. As a group, equities analysts predict that Oklo Inc. will post -0.74 EPS for the current fiscal year.
Insider Activity at Oklo
In other news, insider William Carroll Murphy Goodwin sold 10,548 shares of the company’s stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $58.04, for a total value of $612,205.92. Following the transaction, the insider owned 36,175 shares in the company, valued at approximately $2,099,597. This represents a 22.58% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Jacob Dewitte sold 60,000 shares of the 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 sale, the chief executive officer owned 511,533 shares in the company, valued at approximately $27,008,942.40. The trade was a 10.50% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 683,629 shares of company stock valued at $43,902,208. 12.70% of the stock is owned by insiders.
Hedge Funds Weigh In On Oklo
Several hedge funds and other institutional investors have recently added to or reduced their stakes in OKLO. NBC Securities Inc. increased its holdings in shares of Oklo by 75.0% in the 4th quarter. NBC Securities Inc. now owns 350 shares of the company’s stock worth $25,000 after purchasing an additional 150 shares in the last quarter. GAMMA Investing LLC lifted its holdings in shares of Oklo by 356.2% during the fourth quarter. GAMMA Investing LLC now owns 365 shares of the company’s stock valued at $26,000 after purchasing an additional 285 shares in the last quarter. Gilpin Wealth Management LLC bought a new position in shares of Oklo during the fourth quarter valued at $29,000. Wilmington Savings Fund Society FSB bought a new position in shares of Oklo during the third quarter valued at $45,000. Finally, Triumph Capital Management purchased a new stake in shares of Oklo during the third quarter valued at $49,000. 85.03% of the stock is owned by institutional investors.
About Oklo
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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