Oklo Inc. (NYSE:OKLO - Get Free Report) shares were down 2.7% during mid-day trading on Friday . The company traded as low as $23.15 and last traded at $23.18. Approximately 3,162,313 shares were traded during trading, a decline of 73% from the average daily volume of 11,646,528 shares. The stock had previously closed at $23.82.
Analysts Set New Price Targets
A number of analysts have weighed in on the company. Citigroup reduced their target price on Oklo from $31.00 to $30.00 and set a "neutral" rating on the stock in a research note on Tuesday, March 25th. Wedbush restated an "outperform" rating and issued a $45.00 target price on shares of Oklo in a research note on Tuesday, March 25th. B. Riley raised their target price on shares of Oklo from $27.00 to $58.00 and gave the stock a "buy" rating in a research report on Thursday, February 6th. Finally, Craig Hallum assumed coverage on Oklo in a report on Tuesday, January 28th. They issued a "buy" rating and a $44.00 price target for the company. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, Oklo has an average rating of "Moderate Buy" and a consensus target price of $44.25.
Check Out Our Latest Stock Report on Oklo
Oklo Price Performance
The company has a market capitalization of $3.02 billion, a PE ratio of -2.14 and a beta of -0.28. The company's fifty day moving average is $36.10 and its 200-day moving average is $24.75.
Oklo (NYSE:OKLO - Get Free Report) last released its quarterly earnings results on Monday, March 24th. The company reported ($0.09) EPS for the quarter, missing the consensus estimate of ($0.08) by ($0.01). Equities research analysts forecast that Oklo Inc. will post -8.2 EPS for the current fiscal year.
Institutional Trading of Oklo
A number of institutional investors have recently modified their holdings of the company. TD Waterhouse Canada Inc. purchased a new stake in Oklo during the fourth quarter valued at approximately $27,000. CoreCap Advisors LLC purchased a new stake in shares of Oklo during the 4th quarter valued at $32,000. Sandy Spring Bank purchased a new position in Oklo during the 4th quarter worth $32,000. Covestor Ltd purchased a new position in Oklo during the 4th quarter worth $34,000. Finally, Anfield Capital Management LLC acquired a new position in Oklo during the 4th quarter valued at about $43,000. 85.03% of the stock is currently owned by institutional investors.
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.
See Also
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
Learn the basics of options trading and how to use them to boost returns and manage risk with this free report from MarketBeat. Click the link below to get your free copy.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
