Oklo Inc. (NYSE:OKLO - Get Free Report) shares gapped up prior to trading on Wednesday . The stock had previously closed at $20.13, but opened at $21.06. Oklo shares last traded at $21.06, with a volume of 2,584,965 shares trading hands.
Wall Street Analysts Forecast Growth
OKLO has been the topic of a number of research reports. Seaport Res Ptn raised Oklo to a "hold" rating in a research note on Friday, September 6th. Citigroup cut their price objective on Oklo from $11.00 to $10.00 and set a "neutral" rating on the stock in a research report on Tuesday, September 24th. Finally, B. Riley started coverage on Oklo in a research report on Thursday, September 19th. They set a "buy" rating and a $10.00 target price for the company.
Read Our Latest Stock Analysis on OKLO
Oklo Price Performance
The company has a 50 day simple moving average of $18.05 and a 200-day simple moving average of $11.56.
Institutional Trading of Oklo
A number of institutional investors have recently modified their holdings of OKLO. Barclays PLC bought a new stake in Oklo during the 3rd quarter worth approximately $58,000. Y Intercept Hong Kong Ltd purchased a new stake in shares of Oklo in the third quarter worth $94,000. Peapack Gladstone Financial Corp bought a new stake in Oklo during the third quarter valued at $100,000. Sanctuary Advisors LLC bought a new position in Oklo in the 3rd quarter worth about $100,000. Finally, MML Investors Services LLC purchased a new stake in shares of Oklo in the 3rd quarter valued at about $104,000. 85.03% of the stock is currently owned by hedge funds and other institutional investors.
Oklo Company Profile
(
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.
See Also
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Oklo, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Oklo wasn't on the list.
While Oklo currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Almost everyone loves strong dividend-paying stocks, but high yields can signal danger. Discover 20 high-yield dividend stocks paying an unsustainably large percentage of their earnings. Enter your email to get this report and avoid a high-yield dividend trap.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
