Oklo Inc. (NYSE:OKLO - Get Free Report) shares gapped down prior to trading on Friday . The stock had previously closed at $23.88, but opened at $21.00. Oklo shares last traded at $19.96, with a volume of 7,397,846 shares.
Analyst Ratings Changes
OKLO has been the topic of several analyst reports. B. Riley began coverage on Oklo in a report on Thursday, September 19th. They set a "buy" rating and a $10.00 price target on the stock. Seaport Res Ptn upgraded shares of Oklo to a "hold" rating in a report on Friday, September 6th. Finally, Citigroup decreased 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.
Read Our Latest Report on Oklo
Oklo Trading Down 24.6 %
The stock's fifty day moving average price is $14.06.
Oklo (NYSE:OKLO - Get Free Report) last announced its quarterly earnings results on Tuesday, August 13th. The company reported ($5.17) earnings per share for the quarter. As a group, analysts forecast that Oklo Inc. will post -2.92 EPS for the current year.
Institutional Inflows and Outflows
A number of large investors have recently added to or reduced their stakes in the company. Barclays PLC acquired a new position in shares of Oklo in the third quarter valued at approximately $58,000. Y Intercept Hong Kong Ltd purchased a new position in Oklo in the 3rd quarter valued at approximately $94,000. Stifel Financial Corp acquired a new position in shares of Oklo in the third quarter worth $104,000. MML Investors Services LLC purchased a new stake in shares of Oklo during the third quarter worth $104,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in shares of Oklo in the third quarter valued at $104,000. 85.03% of the stock is currently owned by institutional investors and hedge funds.
About Oklo
(
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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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