Oklo (NYSE:OKLO) Trading 3.5% Higher – Still a Buy?

Oklo Inc. (NYSE:OKLO) traded up 3.5% during mid-day trading on Wednesday . The stock traded as high as $25.65 and last traded at $23.39. 12,440,988 shares changed hands during trading, an increase of 149% from the average session volume of 5,003,372 shares. The stock had previously closed at $22.59.

Analyst Ratings Changes

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

Oklo Price Performance

The company has a 50-day simple moving average of $13.69.

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

Institutional Investors Weigh In On Oklo

Large investors have recently modified their holdings of the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in Oklo in the 3rd quarter worth approximately $104,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in shares of Oklo during the third quarter worth $135,000. Portland Investment Counsel Inc. purchased a new stake in shares of Oklo during the third quarter valued at $6,493,000. Finally, DRW Securities LLC acquired a new position in shares of Oklo in the 3rd quarter valued at $404,000. Hedge funds and other institutional investors own 85.03% of the company’s stock.

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.