Oklo (NYSE:OKLO) Trading Up 1.8% – What’s Next?

Oklo Inc. (NYSE:OKLO)’s share price traded up 1.8% during trading on Wednesday . The stock traded as high as $21.57 and last traded at $20.96. 5,639,571 shares traded hands during mid-day trading, an increase of 21% from the average session volume of 4,676,102 shares. The stock had previously closed at $20.58.

Analysts Set New Price Targets

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

Oklo Stock Up 5.5 %

The business has a 50 day simple moving average of $11.57.

Oklo (NYSE:OKLO) last issued its quarterly earnings results on Tuesday, August 13th. The company reported ($5.17) EPS for the quarter. As a group, equities analysts forecast that Oklo Inc. will post -2.92 earnings per share for the current year.

About Oklo

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.