Oklo (NYSE:OKLO) Sees Unusually-High Trading Volume – Time to Buy?

Shares of Oklo Inc. (NYSE:OKLO) saw strong trading volume on Thursday . 3,157,568 shares changed hands during trading, a decline of 37% from the previous session’s volume of 5,038,483 shares.The stock last traded at $23.68 and had previously closed at $23.08.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on OKLO shares. Seaport Res Ptn upgraded shares of Oklo to a “hold” rating in a research report on Friday, September 6th. 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 report on Tuesday, September 24th. Finally, B. Riley assumed coverage on shares of Oklo in a report on Thursday, September 19th. They set a “buy” rating and a $10.00 price target for the company.

Oklo Trading Down 24.6 %

The business has a 50-day moving average price of $14.30.

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Barclays PLC purchased a new stake in Oklo during the third quarter valued at about $58,000. Y Intercept Hong Kong Ltd bought a new stake in shares of Oklo during the 3rd quarter valued at $94,000. MML Investors Services LLC purchased a new stake in Oklo during the 3rd quarter worth about $104,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in shares of Oklo during the third quarter valued at about $104,000. Finally, Stifel Financial Corp purchased a new position in Oklo during the third quarter valued at approximately $104,000. 85.03% of the stock is owned by institutional investors.

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.