Oklo Inc. (NYSE:OKLO) Given Average Rating of "Moderate Buy" by Brokerages

Oklo Inc. (NYSE:OKLO - Get Free Report) has been given a consensus recommendation of "Moderate Buy" by the four brokerages that are presently covering the company, Marketbeat reports. Two investment analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $15.33.

A number of brokerages recently commented on OKLO. Wedbush assumed coverage on shares of Oklo in a report on Thursday. They set an "outperform" rating and a $26.00 price objective on the stock. B. Riley began coverage on shares of Oklo in a research note on Thursday, September 19th. They issued a "buy" rating and a $10.00 target price for the company. Citigroup cut their price target on shares of Oklo from $11.00 to $10.00 and set a "neutral" rating for the company in a research note on Tuesday, September 24th. Finally, Seaport Res Ptn upgraded shares of Oklo to a "hold" rating in a research note on Friday, September 6th.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. Portland Investment Counsel Inc. acquired a new stake in Oklo during the third quarter worth about $6,493,000. HITE Hedge Asset Management LLC acquired a new stake in shares of Oklo during the 3rd quarter worth approximately $19,753,000. DRW Securities LLC bought a new position in Oklo in the third quarter valued at approximately $404,000. Atom Investors LP bought a new position in Oklo in the third quarter valued at approximately $657,000. Finally, Point72 Asset Management L.P. acquired a new position in Oklo during the third quarter valued at approximately $1,023,000. 85.03% of the stock is owned by institutional investors.

Oklo Price Performance

Shares of Oklo stock traded up $2.58 during trading on Thursday, hitting $20.96. 33,761,824 shares of the company were exchanged, compared to its average volume of 6,145,544. Oklo has a 1-year low of $5.35 and a 1-year high of $28.12. The firm's fifty day moving average price is $20.48 and its 200 day moving average price is $12.39.

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.