Oklo (NYSE:OKLO) Shares Down 12.4% - What's Next?

Oklo Inc. (NYSE:OKLO - Get Free Report) dropped 12.4% on Tuesday . The company traded as low as $18.40 and last traded at $19.55. Approximately 21,648,682 shares traded hands during mid-day trading, an increase of 504% from the average daily volume of 3,582,233 shares. The stock had previously closed at $22.31.

Analyst Ratings Changes

Several research firms have recently commented on OKLO. Seaport Res Ptn raised shares of Oklo to a "hold" rating in a research note on Friday, September 6th. Citigroup reduced their price objective on Oklo from $11.00 to $10.00 and set a "neutral" rating on the stock in a research note on Tuesday, September 24th. Finally, B. Riley started coverage on Oklo in a research note on Thursday, September 19th. They set a "buy" rating and a $10.00 target price for the company.

Oklo Trading Down 6.7 %

The business has a 50 day moving average of $8.73.

Oklo (NYSE:OKLO - Get Free Report) last released its quarterly earnings data on Tuesday, August 13th. The company reported ($5.17) earnings per share (EPS) for the quarter. On average, analysts expect that Oklo Inc. will post -2.92 earnings per share 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.