Oklo (NYSE:OKLO) Stock Price Down 1% – What’s Next?

Posted by Micah Haroldson on Nov 22nd, 2024

Oklo Inc. (NYSE:OKLO – Get Free Report)’s share price traded down 1% during trading on Friday . The stock traded as low as $24.65 and last traded at $24.98. 5,902,685 shares traded hands during mid-day trading, an increase of 6% from the average session volume of 5,563,354 shares. The stock had previously closed at $25.23.

Analyst Upgrades and Downgrades

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

Check Out Our Latest Stock Analysis on OKLO

Oklo Trading Up 0.5 %

The business has a fifty day simple moving average of $15.59 and a 200 day simple moving average of $10.90.

Institutional Investors Weigh In On Oklo

A number of large investors have recently modified their holdings of OKLO. HITE Hedge Asset Management LLC purchased a new stake in shares of Oklo in the third quarter valued at about $19,753,000. Portland Investment Counsel Inc. acquired a new stake in shares of Oklo during the third quarter valued at about $6,493,000. Readystate Asset Management LP purchased a new stake in shares of Oklo in the 3rd quarter valued at approximately $6,193,000. Geode Capital Management LLC acquired a new position in shares of Oklo in the 3rd quarter worth approximately $5,971,000. Finally, State Street Corp purchased a new position in shares of Oklo during the 3rd quarter worth approximately $2,889,000. Hedge funds and other 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.