Research Analysts Set Expectations for Oklo FY2024 Earnings

Oklo Inc. (NYSE:OKLO) – Seaport Res Ptn decreased their FY2024 earnings estimates for shares of Oklo in a report issued on Wednesday, November 20th. Seaport Res Ptn analyst J. Campbell now forecasts that the company will earn ($0.59) per share for the year, down from their prior estimate of ($0.54). Seaport Res Ptn currently has a “Hold” rating on the stock. The consensus estimate for Oklo’s current full-year earnings is ($0.54) per share. Seaport Res Ptn also issued estimates for Oklo’s Q4 2024 earnings at ($0.08) EPS, Q1 2025 earnings at ($0.08) EPS, Q2 2025 earnings at ($0.08) EPS, Q3 2025 earnings at ($0.08) EPS, Q4 2025 earnings at ($0.09) EPS, FY2025 earnings at ($0.33) EPS, Q1 2026 earnings at ($0.09) EPS, Q2 2026 earnings at ($0.09) EPS, Q3 2026 earnings at ($0.10) EPS, FY2026 earnings at ($0.37) EPS, FY2027 earnings at ($0.34) EPS and FY2028 earnings at ($0.11) EPS.

A number of other equities research analysts also recently commented on OKLO. B. Riley assumed coverage on shares of Oklo in a research report on Thursday, September 19th. They issued a “buy” rating and a $10.00 price objective on the stock. Citigroup dropped their price objective on shares of Oklo from $11.00 to $10.00 and set a “neutral” rating on the stock in a research report on Tuesday, September 24th.

Oklo Price Performance

Shares of NYSE:OKLO opened at $25.20 on Friday. Oklo has a 52 week low of $5.35 and a 52 week high of $28.12. The company’s 50 day moving average is $15.96 and its two-hundred day moving average is $11.00.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. Barclays PLC purchased a new position in shares of Oklo in the 3rd quarter valued at $58,000. Y Intercept Hong Kong Ltd purchased a new position in shares of Oklo in the 3rd quarter valued at $94,000. MML Investors Services LLC purchased a new position in shares of Oklo in the 3rd quarter valued at $104,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in shares of Oklo in the 3rd quarter valued at $104,000. Finally, Stifel Financial Corp purchased a new position in shares of Oklo in the 3rd quarter valued at $104,000. 85.03% of the stock is owned by hedge funds and other institutional investors.

About Oklo

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.