Shares of Oklo Inc. (NYSE:OKLO – Get Free Report) saw an uptick in trading volume on Thursday . 3,157,568 shares traded hands during mid-day 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 Ratings Changes
A number of brokerages have recently issued reports on OKLO. Seaport Res Ptn upgraded shares of Oklo to a “hold” rating in a report on Friday, September 6th. Citigroup reduced their price objective 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, B. Riley started coverage on shares of Oklo in a report on Thursday, September 19th. They set a “buy” rating and a $10.00 price target on the stock.
Get Our Latest Research Report on Oklo
Oklo Trading Up 1.4 %
Oklo (NYSE:OKLO – Get Free Report) last released its earnings results on Tuesday, August 13th. The company reported ($5.17) earnings per share for the quarter. As a group, analysts expect that Oklo Inc. will post -2.92 EPS for the current fiscal year.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in shares of Oklo in the third quarter valued at approximately $104,000. Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in shares of Oklo in the third quarter valued at approximately $135,000. Finally, DRW Securities LLC bought a new stake in shares of Oklo in the third quarter valued at approximately $404,000. 85.03% of the stock is currently owned by hedge funds and other 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.
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