Oklo (NYSE:OKLO) Shares Gap Up – Should You Buy?

Oklo Inc. (NYSE:OKLO) shares gapped up before the market opened on Wednesday . The stock had previously closed at $22.59, but opened at $25.48. Oklo shares last traded at $23.91, with a volume of 7,678,724 shares.

Analysts Set New Price Targets

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

Oklo Trading Up 2.7 %

The stock has a 50 day moving average of $13.35.

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

Hedge Funds Weigh In On Oklo

A hedge fund recently bought a new stake in Oklo stock. DRW Securities LLC bought a new stake in shares of Oklo Inc. (NYSE:OKLO) during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 50,000 shares of the company’s stock, valued at approximately $404,000. Institutional investors and hedge funds own 85.03% of the company’s stock.

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.