Oklo (NYSE:OKLO) Shares Gap Up - Should You Buy?

Shares of Oklo Inc. (NYSE:OKLO - Get Free Report) gapped up prior to trading on Monday . The stock had previously closed at $18.23, but opened at $19.37. Oklo shares last traded at $19.65, with a volume of 8,260,565 shares trading hands.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. B. Riley assumed coverage on shares of Oklo in a report on Thursday, September 19th. They issued a "buy" rating and a $10.00 target price on the stock. Seaport Res Ptn upgraded shares of Oklo to a "hold" rating in a research note on Friday, September 6th. Finally, Citigroup dropped their price target on Oklo from $11.00 to $10.00 and set a "neutral" rating on the stock in a research report on Tuesday, September 24th.

Oklo Stock Up 22.4 %

The firm has a fifty day simple moving average of $8.46.

Oklo (NYSE:OKLO - Get Free Report) last issued its earnings results on Tuesday, August 13th. The company reported ($5.17) earnings per share for the quarter. As a group, research analysts predict that Oklo Inc. will post -2.92 EPS for the current fiscal year.

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.