Oklo (NYSE:OKLO) Stock Price Down 6.9% – What’s Next?

Posted by Hanz Christensen on Nov 14th, 2024

Oklo Inc. (NYSE:OKLO – Get Free Report) was down 6.9% during trading on Tuesday . The stock traded as low as $22.35 and last traded at $22.41. Approximately 7,579,604 shares changed hands during trading, an increase of 54% from the average daily volume of 4,929,388 shares. The stock had previously closed at $24.06.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on OKLO shares. B. Riley started coverage on Oklo in a research note on Thursday, September 19th. They set a “buy” rating and a $10.00 target price for the company. Citigroup reduced their price objective on Oklo from $11.00 to $10.00 and set a “neutral” rating for the company in a research note on Tuesday, September 24th. Finally, Seaport Res Ptn raised Oklo to a “hold” rating in a research note on Friday, September 6th.

Get Our Latest Analysis on OKLO

Oklo Stock Up 3.5 %

The firm’s fifty day moving average is $13.69.

Oklo (NYSE:OKLO – Get Free Report) last posted its 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 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the stock. Portland Investment Counsel Inc. bought a new stake in Oklo during the third quarter worth $6,493,000. DRW Securities LLC purchased a new stake in Oklo in the third quarter worth $404,000. Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in Oklo in the third quarter worth $135,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in Oklo in the third quarter worth $104,000. Institutional investors own 85.03% of the company’s stock.

Oklo Company Profile

(Get Free Report)

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.