Oklo Inc. (NYSE:OKLO - Get Free Report)'s stock price shot up 1.5% during mid-day trading on Friday . The company traded as high as $21.37 and last traded at $21.28. 5,954,386 shares traded hands during mid-day trading, a decline of 3% from the average session volume of 6,141,013 shares. The stock had previously closed at $20.96.
Analysts Set New Price Targets
A number of equities research analysts have recently commented on the company. Seaport Res Ptn raised Oklo to a "hold" rating in a research report on Friday, September 6th. Citigroup dropped their target price on shares of Oklo from $11.00 to $10.00 and set a "neutral" rating on the stock in a report on Tuesday, September 24th. B. Riley initiated coverage on shares of Oklo in a research note on Thursday, September 19th. They issued a "buy" rating and a $10.00 price target on the stock. Finally, Wedbush initiated coverage on shares of Oklo in a research report on Thursday. They set an "outperform" rating and a $26.00 price objective for the company.
Check Out Our Latest Stock Report on Oklo
Oklo Trading Up 2.7 %
The stock's fifty day moving average is $20.48 and its two-hundred day moving average is $12.39.
Institutional Trading of Oklo
Hedge funds have recently made changes to their positions in the business. Barclays PLC acquired a new stake in Oklo during the 3rd quarter valued at $58,000. Y Intercept Hong Kong Ltd bought a new stake in shares of Oklo during the 3rd quarter worth about $94,000. Peapack Gladstone Financial Corp acquired a new position in Oklo in the 3rd quarter valued at about $100,000. Sanctuary Advisors LLC bought a new position in Oklo in the 3rd quarter valued at about $100,000. Finally, MML Investors Services LLC acquired a new stake in Oklo during the third quarter worth approximately $104,000. 85.03% of the stock is owned by institutional investors and hedge funds.
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.
Read More
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
MarketBeat's analysts have just released their top five short plays for January 2025. Learn which stocks have the most short interest and how to trade them. Click the link below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
