Shares of Oklo Inc. (NYSE:OKLO – Get Free Report) dropped 12.4% during mid-day trading on Tuesday . The stock traded as low as $18.40 and last traded at $19.55. Approximately 21,648,682 shares were traded during trading, an increase of 504% from the average daily volume of 3,582,233 shares. The stock had previously closed at $22.31.
Wall Street Analyst Weigh In
OKLO has been the subject of several research analyst reports. B. Riley initiated coverage on shares of Oklo in a research note on Thursday, September 19th. They set a “buy” rating and a $10.00 price target for the company. Seaport Res Ptn upgraded Oklo to a “hold” rating in a research note on Friday, September 6th. Finally, Citigroup decreased their price objective on Oklo from $11.00 to $10.00 and set a “neutral” rating on the stock in a research note on Tuesday, September 24th.
Check Out Our Latest Stock Report on Oklo
Oklo Stock Down 7.4 %
Oklo (NYSE:OKLO – Get Free Report) last announced its quarterly earnings data on Tuesday, August 13th. The company reported ($5.17) EPS for the quarter. Equities analysts forecast that Oklo Inc. will post -2.92 EPS 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.
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