Oklo (NYSE:OKLO) Trading Down 2.7% – Here’s What Happened

Oklo Inc. (NYSE:OKLO) traded down 2.7% during mid-day trading on Friday . The stock traded as low as $23.15 and last traded at $23.18. 3,162,313 shares were traded during trading, a decline of 73% from the average session volume of 11,646,528 shares. The stock had previously closed at $23.82.

Analyst Upgrades and Downgrades

OKLO has been the subject of a number of research reports. Wedbush reaffirmed an “outperform” rating and set a $45.00 target price on shares of Oklo in a report on Tuesday, March 25th. Citigroup reduced their price objective on Oklo from $31.00 to $30.00 and set a “neutral” rating for the company in a research note on Tuesday, March 25th. Craig Hallum started coverage on Oklo in a research report on Tuesday, January 28th. They set a “buy” rating and a $44.00 target price on the stock. Finally, B. Riley upped their price target on Oklo from $27.00 to $58.00 and gave the stock a “buy” rating in a research report on Thursday, February 6th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $44.25.

Oklo Trading Down 5.9 %

The company has a market cap of $2.74 billion, a PE ratio of -2.21 and a beta of -0.28. The business’s 50 day moving average is $36.10 and its two-hundred day moving average is $24.62.

Oklo (NYSE:OKLO) last announced its quarterly earnings data on Monday, March 24th. The company reported ($0.09) EPS for the quarter, missing the consensus estimate of ($0.08) by ($0.01). As a group, equities research analysts predict that Oklo Inc. will post -8.2 EPS for the current fiscal year.

Institutional Investors Weigh In On Oklo

Institutional investors and hedge funds have recently modified their holdings of the stock. Triton Wealth Management PLLC purchased a new position in Oklo during the fourth quarter valued at $559,000. Windmill Hill Asset Management Ltd bought a new position in shares of Oklo during the 4th quarter valued at about $1,476,000. Polar Asset Management Partners Inc. purchased a new position in shares of Oklo during the fourth quarter valued at about $781,000. Alpine Global Management LLC bought a new stake in shares of Oklo in the fourth quarter worth about $427,000. Finally, Value Aligned Research Advisors LLC purchased a new stake in shares of Oklo in the fourth quarter worth about $1,209,000. 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.