Seaport Res Ptn Has Negative Outlook of Oklo FY2024 Earnings

Oklo Inc. (NYSE:OKLO) – Research analysts at Seaport Res Ptn dropped their FY2024 earnings estimates for shares of Oklo in a research report issued on Wednesday, November 20th. Seaport Res Ptn analyst J. Campbell now anticipates that the company will earn ($0.59) per share for the year, down from their previous estimate of ($0.54). Seaport Res Ptn 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 brokerages have also weighed in on OKLO. B. Riley began coverage on shares of Oklo in a research note on Thursday, September 19th. They set a “buy” rating and a $10.00 target price for the company. Citigroup lowered their target price on Oklo from $11.00 to $10.00 and set a “neutral” rating on the stock in a report on Tuesday, September 24th.

Oklo Price Performance

OKLO opened at $24.86 on Friday. The firm has a 50 day moving average price of $15.59 and a 200-day moving average price of $10.90. Oklo has a twelve month low of $5.35 and a twelve month high of $28.12.

Institutional Trading of Oklo

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Barclays PLC purchased a new position in Oklo during the third quarter valued at $58,000. Y Intercept Hong Kong Ltd purchased a new position in shares of Oklo during the 3rd quarter valued at about $94,000. MML Investors Services LLC bought a new position in shares of Oklo during the 3rd quarter valued at approximately $104,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in Oklo in the 3rd quarter worth approximately $104,000. Finally, Stifel Financial Corp bought a new stake in Oklo during the 3rd quarter worth approximately $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.