Oklo Shares Plunge 76%, Still Valued at $5.4 Billion Without Revenue
Oklo Inc. dropped 5.5% to $46.15 in late-morning Monday trading. The stock is still down 76% from its 52-week high of $193.84. Texas Capital Securities kept its Buy rating and $93 price target. Shares remain 52% below the $96.95 average price where Oklo sold 12.4 million shares in Q1, raising $1.18 billion net in an at-the-market deal.