Oklo (NYSE:OKLO) Issues Earnings Results

Oklo (NYSE:OKLO) issued its quarterly earnings results on Monday. The company reported ($0.09) EPS for the quarter, missing the consensus estimate of ($0.08) by ($0.01), Zacks reports.

Oklo Price Performance

Shares of NYSE OKLO traded down $2.52 during midday trading on Wednesday, hitting $26.42. 15,928,595 shares of the company’s stock were exchanged, compared to its average volume of 18,013,754. The firm’s fifty day simple moving average is $36.13 and its 200-day simple moving average is $24.36. Oklo has a twelve month low of $5.35 and a twelve month high of $59.14.

Analyst Ratings Changes

A number of research analysts recently issued reports on OKLO shares. Wedbush reiterated an “outperform” rating and issued a $45.00 target price on shares of Oklo in a report on Tuesday. Citigroup lowered their price objective on Oklo from $31.00 to $30.00 and set a “neutral” rating for the company in a research report on Tuesday. Craig Hallum began coverage on shares of Oklo in a research note on Tuesday, January 28th. They set a “buy” rating and a $44.00 target price on the stock. Finally, B. Riley lifted their price target on shares of Oklo from $27.00 to $58.00 and gave the stock a “buy” rating in a research note on Thursday, February 6th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, Oklo currently has a consensus rating of “Moderate Buy” and a consensus target price of $44.25.

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.