Oklo (NYSE:OKLO) Trading Down 0.2% – Should You Sell?

Oklo Inc. (NYSE:OKLO) shares dropped 0.2% during trading on Thursday . The company traded as low as $17.78 and last traded at $18.26. Approximately 10,682,340 shares were traded during trading, an increase of 174% from the average daily volume of 3,903,697 shares. The stock had previously closed at $18.30.

Wall Street Analysts Forecast Growth

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

Oklo Trading Up 1.3 %

The company has a fifty day simple moving average of $8.95.

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