Oklo stock price analysis ahead of earnings: buy, sell, or hold?

Oklo stock price has slumped to its lowest level since July 2025. It has tumbled from last year's high of $194 to $58, with its market capitalisation dropping from over $24 billion to $9.12 billion.

Its short interest has jumped to 13%, with focus turning to its upcoming financial results. 

Oklo has made progress, but risks remain 

Oklo, a top company in the small modular nuclear reactor industry, which analysts believe has a chance to disrupt the energy sector. 

Its biggest milestone happened earlier this year when it reached a 1.2 GW nuclear energy deal with Meta Platforms.

This deal will see the company build its Ohio plant and provide power to Meta Platforms’ data centres, with the first phase coming online as early as 2030, with the final 1.2 GW target arriving by 2034.

The company recently reached a deal with Centrus Energy, a publicly traded company worth over $4.1 billion.

This deal will see the two firms create a joint venture focused on deconversion services for high-assay-low-enriched (HALEU) and the advancement of related fuel-cycle technologies and supply chains.

In another report, the company has reached a partnership deal with the Department of Energy (DoE) to deploy a radioisotope pilot facility supporting cancer care in the United States.

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Oklo earnings ahead 

The next important catalyst for the Oklo stock price will be its earnings report, which will come out on Tuesday this week.

This report will provide more colour on what the company is doing and its future plans.

As a pre-revenue company, Oklo is not expected to report any revenue and profitability growth this week. Instead, traders will focus on its costs and guidance. 

In its most recent results, the company said that its loss from operations stood at $36.3 million in the third quarter. Its loss before income tax stood at over $29.2 million, while its cash used in operating activities rose to $48.7 million in the first nine months of the year.

The company ended the last quarter with over $410 million in cash and short-term equivalents and $511 million in marketable debt securities. Its total assets rose to over $1.24 billion from $281 million in December 2024.

Some investors are highly bearish on the company, with the short interest rising to 13%.

Soaring short is a sign that investors are betting against the company.

This is happening across the SMR industry, with Nuscale’s short interest rising to 15% and NANO Nuclear Energy soaring to 24.30%.

Oklo stock price technical analysis 

Oklo stock chart | Source: TradingView

The daily timeframe chart shows that the Oklo share price has slumped since October last year, when it peaked at $194. It has now slumped to $60, its lowest level since July last year.

The stock has moved below the 61.8% Fibonacci Retracement level at $77.80. It also dropped below the 50-day Exponential Moving Average and is below the Supertrend indicator. 

The Relative Strength Index (RSI) has dropped and is nearing the oversold level of 30.

Therefore, the most likely scenario is where the stock continues falling, potentially to the 78.6% Fibonacci Retracement level at $46.10.

On the positive side, the stock has formed a small falling wedge pattern, pointing to an eventual rebound, potentially to the 61.8% retracement level at $77.