Oklo (NYSE:OKLO) Sees Unusually-High Trading Volume – Time to Buy?

Oklo Inc. (NYSE:OKLO) saw unusually-high trading volume on Tuesday . Approximately 3,879,625 shares were traded during trading, a decline of 32% from the previous session’s volume of 5,700,724 shares.The stock last traded at $21.16 and had previously closed at $22.23.

Analyst Ratings Changes

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

Oklo Price Performance

The firm has a 50-day moving average price of $18.29 and a 200-day moving average price of $11.63.

Hedge Funds Weigh In On Oklo

Several large investors have recently modified their holdings of OKLO. DRW Securities LLC purchased a new position in shares of Oklo in the 3rd quarter worth about $404,000. Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in Oklo in the 3rd quarter worth about $135,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in Oklo in the 3rd quarter worth about $104,000. Portland Investment Counsel Inc. bought a new stake in Oklo in the 3rd quarter worth about $6,493,000. Finally, Atom Investors LP bought a new stake in Oklo in the 3rd quarter worth about $657,000. Hedge funds and other institutional investors own 85.03% of the company’s stock.

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.