Oklo Inc. (NYSE:OKLO – Get Free Report) fell 7.8% on Monday . The company traded as low as $18.56 and last traded at $19.99. 7,570,615 shares changed hands during mid-day trading, an increase of 64% from the average session volume of 4,609,223 shares. The stock had previously closed at $21.67.
Wall Street Analysts Forecast Growth
A number of research firms have recently weighed in on OKLO. B. Riley started coverage on Oklo in a research note on Thursday, September 19th. They issued a “buy” rating and a $10.00 target price for the company. Citigroup lowered their target price on Oklo from $11.00 to $10.00 and set a “neutral” rating for the company in a research note on Tuesday, September 24th. Finally, Seaport Res Ptn raised Oklo to a “hold” rating in a research report on Friday, September 6th.
Read Our Latest Report on OKLO
Oklo Stock Down 7.1 %
Oklo (NYSE:OKLO – Get Free Report) last posted its earnings results on Tuesday, August 13th. The company reported ($5.17) EPS for the quarter. Equities analysts anticipate that Oklo Inc. will post -2.92 earnings per share for the current year.
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.
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