Oklo Inc. (NYSE:OKLO - Get Free Report)'s share price traded up 2.8% during mid-day trading on Thursday . The stock traded as high as $24.60 and last traded at $23.72. Approximately 7,713,547 shares were traded during mid-day trading, an increase of 53% from the average session volume of 5,057,352 shares. The stock had previously closed at $23.08.
Wall Street Analysts Forecast Growth
Several equities research analysts have commented on OKLO shares. B. Riley assumed coverage on Oklo in a research note on Thursday, September 19th. They issued a "buy" rating and a $10.00 target price on the stock. Seaport Res Ptn raised shares of Oklo to a "hold" rating in a research report on Friday, September 6th. Finally, Citigroup cut their price target on shares of Oklo from $11.00 to $10.00 and set a "neutral" rating on the stock in a research report on Tuesday, September 24th.
Check Out Our Latest Research Report on Oklo
Oklo Price Performance
The business's fifty day simple moving average is $13.69.
Oklo (NYSE:OKLO - Get Free Report) last issued its earnings results on Tuesday, August 13th. The company reported ($5.17) earnings per share for the quarter. As a group, equities research analysts predict that Oklo Inc. will post -2.92 EPS for the current year.
Institutional Inflows and Outflows
Hedge funds have recently modified their holdings of the stock. DRW Securities LLC purchased a new stake in Oklo in the third quarter worth $404,000. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in shares of Oklo during the 3rd quarter worth $135,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in Oklo in the 3rd quarter worth about $104,000. Hedge funds and other institutional investors own 85.03% of the company's stock.
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.
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