Oklo (NYSE:OKLO) Earns Outperform Rating from Analysts at Wedbush

Equities researchers at Wedbush started coverage on shares of Oklo (NYSE:OKLO - Get Free Report) in a research report issued to clients and investors on Thursday, MarketBeat reports. The firm set an "outperform" rating and a $26.00 price target on the stock. Wedbush's price target indicates a potential upside of 24.05% from the company's current price.

A number of other brokerages have also commented on OKLO. B. Riley assumed coverage on shares of Oklo in a report on Thursday, September 19th. They set a "buy" rating and a $10.00 price objective on the stock. Citigroup cut their price target on Oklo from $11.00 to $10.00 and set a "neutral" rating on the stock in a report on Tuesday, September 24th. Finally, Seaport Res Ptn raised Oklo to a "hold" rating in a research report on Friday, September 6th.

Oklo Stock Performance

OKLO stock traded up $2.58 during mid-day 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 50 day simple moving average is $20.48 and its 200 day simple moving average is $12.39.

Institutional Investors Weigh In On Oklo

Institutional investors and hedge funds have recently made changes to their positions in the stock. Barclays PLC acquired a new position in shares of Oklo during the 3rd quarter worth about $58,000. Y Intercept Hong Kong Ltd acquired a new position in Oklo during the third quarter worth approximately $94,000. Peapack Gladstone Financial Corp acquired a new position in Oklo during the third quarter worth approximately $100,000. Sanctuary Advisors LLC bought a new stake in Oklo in the third quarter valued at approximately $100,000. Finally, MML Investors Services LLC acquired a new stake in shares of Oklo in the third quarter valued at approximately $104,000. Institutional investors own 85.03% of the company's stock.

About Oklo

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.