Oklo (NYSE:OKLO) Shares Gap Down – Here’s Why

Oklo Inc. (NYSE:OKLOGet Free Report)’s share price gapped down prior to trading on Monday . The stock had previously closed at $21.67, but opened at $19.95. Oklo shares last traded at $19.92, with a volume of 3,330,309 shares changing hands.

Analysts Set New Price Targets

A number of brokerages recently commented on OKLO. Citigroup lowered their price objective on shares of Oklo from $11.00 to $10.00 and set a “neutral” rating on the stock in a research note on Tuesday, September 24th. B. Riley initiated coverage on Oklo in a research report on Thursday, September 19th. They set a “buy” rating and a $10.00 target price on the stock. Finally, Seaport Res Ptn raised shares of Oklo to a “hold” rating in a research note on Friday, September 6th.

Get Our Latest Analysis on Oklo

Oklo Trading Down 2.3 %

The business’s 50 day simple moving average is $11.30.

Oklo (NYSE:OKLOGet Free Report) last issued its earnings results on Tuesday, August 13th. The company reported ($5.17) EPS for the quarter. As a group, sell-side analysts expect that Oklo Inc. will post -2.92 EPS for the current year.

Oklo Company Profile

(Get Free Report)

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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