Equities researchers at Wedbush initiated coverage on shares of Oklo (NYSE:OKLO - Get Free Report) in a research note issued to investors on Thursday, Marketbeat Ratings reports. The brokerage set an "outperform" rating and a $26.00 price target on the stock. Wedbush's price objective would indicate a potential upside of 24.05% from the stock's previous close.
Several other brokerages have also commented on OKLO. Seaport Res Ptn raised shares of Oklo to a "hold" rating in a research report on Friday, September 6th. Citigroup dropped their price objective on Oklo from $11.00 to $10.00 and set a "neutral" rating on the stock in a report on Tuesday, September 24th. Finally, B. Riley assumed 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.
Check Out Our Latest Analysis on Oklo
Oklo Trading Up 14.0 %
Shares of OKLO traded up $2.58 during trading hours on Thursday, reaching $20.96. 33,761,824 shares of the company traded hands, compared to its average volume of 6,145,544. The company's fifty day moving average price is $20.48 and its two-hundred day moving average price is $12.39. Oklo has a 12 month low of $5.35 and a 12 month high of $28.12.
Institutional Inflows and Outflows
A number of hedge funds have recently made changes to their positions in OKLO. Barclays PLC acquired a new position in Oklo in the 3rd quarter valued at $58,000. Y Intercept Hong Kong Ltd acquired a new stake in Oklo during the 3rd quarter worth $94,000. Peapack Gladstone Financial Corp acquired a new position in shares of Oklo during the third quarter worth about $100,000. Sanctuary Advisors LLC bought a new position in Oklo in the third quarter valued at approximately $100,000. Finally, MML Investors Services LLC acquired a new position in shares of Oklo during the 3rd quarter worth approximately $104,000. Institutional investors and hedge funds own 85.03% of the company's stock.
About Oklo
(
Get Free Report)
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.
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