Oklo Inc. (NYSE:OKLO - Get Free Report) shares rose 3.5% during mid-day trading on Wednesday . The company traded as high as $25.65 and last traded at $23.39. Approximately 12,440,988 shares were traded during mid-day trading, an increase of 149% from the average daily volume of 5,003,372 shares. The stock had previously closed at $22.59.
Analyst Upgrades and Downgrades
A number of brokerages have recently weighed in on OKLO. B. Riley initiated coverage on Oklo in a report on Thursday, September 19th. They set a "buy" rating and a $10.00 price target on the stock. Citigroup decreased their price target on shares of Oklo from $11.00 to $10.00 and set a "neutral" rating for the company in a report on Tuesday, September 24th. Finally, Seaport Res Ptn upgraded shares of Oklo to a "hold" rating in a research note on Friday, September 6th.
Read Our Latest Stock Report on Oklo
Oklo Stock Up 2.7 %
The stock's 50-day simple moving average is $13.35.
Oklo (NYSE:OKLO - Get Free Report) last announced its quarterly earnings results on Tuesday, August 13th. The company reported ($5.17) earnings per share (EPS) for the quarter. As a group, equities research analysts anticipate that Oklo Inc. will post -2.92 earnings per share for the current fiscal year.
Institutional Trading of Oklo
A hedge fund recently bought a new stake in Oklo stock. DRW Securities LLC acquired a new stake in Oklo Inc. (NYSE:OKLO - Free Report) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 50,000 shares of the company's stock, valued at approximately $404,000. 85.03% of the stock is 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.
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