Meanwhile, B. Riley Securities initiated its Oklo Inc. [OKLO] rating to a Buy in a research note published on September 19, 2024; the price target was $10. A number of analysts have revised their coverage, including Seaport Research Partners’s analysts, who began to cover the stock in early September with a ‘”a Neutral”‘ rating. Citigroup began covering OKLO with “Neutral” recommendation on June 04, 2024.
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Price Performance Review of OKLO
On Tuesday, Oklo Inc. [NYSE:OKLO] saw its stock unchanged to $8.31. Over the last five days, the stock has gained 31.90%. Oklo Inc. shares have fallen nearly -21.31% since the year began. Nevertheless, the stocks have fallen -19.71% over the past one year. While a 52-week high of $18.80 was reached on 05/09/24, a 52-week low of $5.35 was recorded on 09/09/24. SMA at 50 days reached $7.38, while 200 days put it at $9.91.
Levels Of Support And Resistance For OKLO Stock
The 24-hour chart illustrates a support level at 7.94, which if violated will result in even more drops to 7.58. On the upside, there is a resistance level at 8.95. A further resistance level may holdings at 9.60. The Relative Strength Index (RSI) on the 14-day chart is 68.33, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.76, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 23.71%. Stochastics %K at 88.34% indicates the stock is a selling.
How much short interest is there in Oklo Inc.?
A steep rise in short interest was recorded in Oklo Inc. stocks on 2024-08-30, growing by 1.6 million shares to a total of 6.73 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-31 was 5.13 million shares. There was a rise of 23.78%, which implies that there is a positive sentiment for the stock.
