Oklo (NYSE:OKLO) Stock Price Down 0.8% – What’s Next?

Oklo Inc. (NYSE:OKLO)’s stock price was down 0.8% during trading on Tuesday . The stock traded as low as $20.37 and last traded at $20.88. Approximately 4,823,232 shares traded hands during mid-day trading, an increase of 4% from the average daily volume of 4,643,675 shares. The stock had previously closed at $21.05.

Analyst Upgrades and Downgrades

Several research firms have weighed in on OKLO. Seaport Res Ptn upgraded shares of Oklo to a “hold” rating in a research report on Friday, September 6th. B. Riley initiated coverage on Oklo in a research report on Thursday, September 19th. They set a “buy” rating and a $10.00 price objective for the company. Finally, Citigroup dropped their target price on Oklo from $11.00 to $10.00 and set a “neutral” rating on the stock in a report on Tuesday, September 24th.

Oklo Stock Performance

The firm has a 50 day simple moving average of $11.30.

Oklo (NYSE:OKLO) last announced its quarterly earnings results on Tuesday, August 13th. The company reported ($5.17) EPS for the quarter. Equities research analysts predict that Oklo Inc. will post -2.92 EPS for the current fiscal 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.