Oklo (NYSE:OKLO) Stock Price Up 5.2% – Time to Buy?

Oklo Inc. (NYSE:OKLO) traded up 5.2% during mid-day trading on Friday . The company traded as high as $24.80 and last traded at $23.63. 7,216,534 shares were traded during mid-day trading, an increase of 59% from the average session volume of 4,534,936 shares. The stock had previously closed at $22.46.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. B. Riley assumed coverage on Oklo in a research report on Thursday, September 19th. They issued a “buy” rating and a $10.00 target price for the company. Seaport Res Ptn raised Oklo to a “hold” rating in a research report on Friday, September 6th. Finally, Citigroup decreased their target price on Oklo from $11.00 to $10.00 and set a “neutral” rating for the company in a research report on Tuesday, September 24th.

Oklo Stock Up 0.4 %

The business has a 50-day moving average of $10.72.

Oklo (NYSE:OKLO) last issued its quarterly earnings results on Tuesday, August 13th. The company reported ($5.17) earnings per share for the quarter. On average, research analysts predict 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.