Oklo (NYSE:OKLO) Stock Price Up 4.7% – Still a Buy?

Shares of Oklo Inc. (NYSE:OKLO) rose 4.7% on Tuesday . The company traded as high as $10.65 and last traded at $10.51. Approximately 7,787,306 shares traded hands during trading, an increase of 216% from the average daily volume of 2,462,112 shares. The stock had previously closed at $10.04.

Wall Street Analysts Forecast Growth

OKLO has been the subject of several research reports. Citigroup decreased their target price on Oklo from $11.00 to $10.00 and set a “neutral” rating for the company in a research report on Tuesday, September 24th. B. Riley began coverage on Oklo in a report on Thursday, September 19th. They issued a “buy” rating and a $10.00 price objective for the company. Finally, Seaport Res Ptn upgraded shares of Oklo to a “hold” rating in a report on Friday, September 6th.

Oklo Trading Down 5.0 %

The company’s 50 day moving average is $7.77.

Oklo (NYSE:OKLO) last posted its quarterly earnings results on Tuesday, August 13th. The company reported ($5.17) earnings per share for the quarter. Equities analysts predict that Oklo Inc. will post -2.92 earnings per share for the current fiscal year.

Oklo Company Profile

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.