Oklo Inc. (NYSE:OKLO - Get Free Report)'s stock price traded up 12.9% during trading on Monday . The stock traded as high as $30.95 and last traded at $30.68. 9,407,832 shares traded hands during trading, a decline of 19% from the average session volume of 11,566,498 shares. The stock had previously closed at $27.16.
Wall Street Analysts Forecast Growth
Several research firms have weighed in on OKLO. Craig Hallum began coverage on Oklo in a report on Tuesday, January 28th. They set a "buy" rating and a $44.00 target price on the stock. B. Riley boosted their target price on Oklo from $27.00 to $58.00 and gave the company a "buy" rating in a research note on Thursday, February 6th. Citigroup decreased their target price on shares of Oklo from $31.00 to $30.00 and set a "neutral" rating for the company in a research report on Tuesday. Finally, Wedbush reiterated an "outperform" rating and set a $45.00 target price on shares of Oklo in a report on Tuesday. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $44.25.
Check Out Our Latest Stock Analysis on Oklo
Oklo Stock Performance
The firm's fifty day simple moving average is $36.18 and its 200 day simple moving average is $24.38. The stock has a market capitalization of $2.90 billion, a P/E ratio of -2.35 and a beta of -0.28.
Oklo (NYSE:OKLO - Get Free Report) last released its earnings results on Monday, March 24th. The company reported ($0.09) earnings per share for the quarter, missing the consensus estimate of ($0.08) by ($0.01). Analysts anticipate that Oklo Inc. will post -8.2 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Oklo
Several hedge funds and other institutional investors have recently made changes to their positions in OKLO. HITE Hedge Asset Management LLC bought a new stake in shares of Oklo during the third quarter worth $19,753,000. Vanguard Group Inc. increased its stake in shares of Oklo by 92.8% in the fourth quarter. Vanguard Group Inc. now owns 4,343,679 shares of the company's stock valued at $92,216,000 after buying an additional 2,090,154 shares during the period. Van ECK Associates Corp bought a new stake in Oklo in the fourth quarter valued at approximately $38,661,000. Atomi Financial Group Inc. acquired a new stake in Oklo during the 4th quarter valued at approximately $19,285,000. Finally, TimesSquare Capital Management LLC bought a new position in Oklo during the 4th quarter worth approximately $17,104,000. 85.03% of the stock is owned by 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.
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