Oklo (NYSE:OKLO) Shares Down 5.6% – What’s Next?

Oklo Inc. (NYSE:OKLO) shares dropped 5.6% on Tuesday . The stock traded as low as $21.68 and last traded at $23.14. Approximately 11,623,666 shares traded hands during trading, an increase of 172% from the average daily volume of 4,273,269 shares. The stock had previously closed at $24.50.

Analysts Set New Price Targets

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

Oklo Stock Performance

The business’s 50-day moving average is $10.41.

Oklo (NYSE:OKLO) last posted its quarterly earnings results on Tuesday, August 13th. The company reported ($5.17) earnings per share for the quarter. On average, equities analysts forecast that Oklo Inc. will post -2.92 EPS for the current fiscal 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.