Oklo (NYSE:OKLO) Shares Down 3.3% - Should You Sell?

Shares of Oklo Inc. (NYSE:OKLO - Get Free Report) were down 3.3% during trading on Thursday . The stock traded as low as $25.20 and last traded at $25.49. Approximately 3,576,347 shares traded hands during trading, a decline of 80% from the average daily volume of 17,763,037 shares. The stock had previously closed at $26.37.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on OKLO shares. B. Riley upped their price objective 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. Citigroup reduced their price target on Oklo from $31.00 to $30.00 and set a "neutral" rating for the company in a report on Tuesday, March 25th. Craig Hallum assumed coverage on Oklo in a report on Tuesday, January 28th. They issued a "buy" rating and a $44.00 price objective on the stock. Finally, Wedbush reaffirmed an "outperform" rating and set a $45.00 target price on shares of Oklo in a research note on Tuesday, March 25th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to MarketBeat, Oklo currently has an average rating of "Moderate Buy" and a consensus target price of $44.25.

Oklo Price Performance

The stock's fifty day moving average price is $36.10 and its 200-day moving average price is $24.62. The firm has a market cap of $2.74 billion, a PE ratio of -2.21 and a beta of -0.28.

Oklo (NYSE:OKLO - Get Free Report) last posted its quarterly earnings results on Monday, March 24th. The company reported ($0.09) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.08) by ($0.01). On average, sell-side analysts anticipate that Oklo Inc. will post -8.2 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Oklo

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. TD Waterhouse Canada Inc. acquired a new position in Oklo in the fourth quarter valued at about $27,000. Sandy Spring Bank acquired a new position in shares of Oklo during the fourth quarter worth about $32,000. CoreCap Advisors LLC acquired a new stake in Oklo during the fourth quarter worth approximately $32,000. Covestor Ltd purchased a new stake in shares of Oklo during the 4th quarter worth approximately $34,000. Finally, Anfield Capital Management LLC acquired a new position in shares of Oklo in the 4th quarter valued at $43,000. Hedge funds and other 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.