Seaport Res Ptn Has Negative Outlook of Oklo FY2024 Earnings

Oklo Inc. (NYSE:OKLO) – Analysts at Seaport Res Ptn reduced their FY2024 earnings estimates for shares of Oklo in a research report issued to clients and investors on Wednesday, November 20th. Seaport Res Ptn analyst J. Campbell now anticipates that the company will post earnings of ($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 ($0.59) 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.

OKLO has been the subject of several other research reports. B. Riley started coverage on shares of Oklo in a report on Thursday, September 19th. They issued a “buy” rating and a $10.00 target price for the company. Citigroup dropped their price objective on Oklo from $11.00 to $10.00 and set a “neutral” rating for the company in a research note on Tuesday, September 24th.

Oklo Price Performance

Oklo stock opened at $25.20 on Friday. The company’s 50 day simple moving average is $15.96 and its 200-day simple moving average is $11.00. Oklo has a 1 year low of $5.35 and a 1 year high of $28.12.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. HITE Hedge Asset Management LLC purchased a new stake in Oklo during the 3rd quarter worth approximately $19,753,000. Portland Investment Counsel Inc. acquired a new position in shares of Oklo in the third quarter worth $6,493,000. Readystate Asset Management LP purchased a new stake in shares of Oklo during the third quarter worth $6,193,000. Geode Capital Management LLC acquired a new stake in shares of Oklo in the third quarter valued at $5,971,000. Finally, State Street Corp purchased a new position in Oklo in the third quarter valued at $2,889,000. Hedge funds and other institutional investors 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.