Oklo (NYSE:OKLO) Sees Strong Trading Volume – What’s Next?

Oklo Inc. (NYSE:OKLO) shares saw strong trading volume on Thursday . 4,778,175 shares changed hands during mid-day trading, a decline of 21% from the previous session’s volume of 6,013,948 shares.The stock last traded at $20.70 and had previously closed at $18.38.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on OKLO. Wedbush initiated coverage on Oklo in a research note on Thursday. They issued an “outperform” rating and a $26.00 price target on the stock. B. Riley initiated coverage on shares of Oklo in a report on Thursday, September 19th. They issued a “buy” rating and a $10.00 target price for the company. Citigroup cut 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, Seaport Res Ptn upgraded shares of Oklo to a “hold” rating in a report on Friday, September 6th.

Oklo Stock Up 10.2 %

The firm has a 50 day moving average price of $20.26 and a two-hundred day moving average price of $12.33.

Hedge Funds Weigh In On Oklo

Several hedge funds and other institutional investors have recently made changes to their positions in OKLO. Barclays PLC acquired a new stake in Oklo in the third quarter valued at approximately $58,000. Y Intercept Hong Kong Ltd purchased a new stake in Oklo during the 3rd quarter worth $94,000. Peapack Gladstone Financial Corp acquired a new position in Oklo in the 3rd quarter worth $100,000. Sanctuary Advisors LLC purchased a new position in Oklo in the 3rd quarter valued at about $100,000. Finally, MML Investors Services LLC acquired a new stake in shares of Oklo during the third quarter valued at about $104,000. Institutional investors and hedge funds 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.