Oklo (NYSE:OKLO) Sees Unusually-High Trading Volume – What’s Next?

Posted by Micah Haroldson on Dec 21st, 2024

Oklo Inc. (NYSE:OKLO – Get Free Report) saw an uptick in trading volume on Thursday . 4,778,175 shares were traded during mid-day trading, a decline of 21% from the previous session’s volume of 6,013,948 shares.The stock last traded at $20.70 and had previously closed at $18.38.

Analysts Set New Price Targets

Several equities analysts recently issued reports on OKLO shares. Wedbush assumed coverage on Oklo in a research report on Thursday. They set an “outperform” rating and a $26.00 price target on the stock. Citigroup reduced their price target on Oklo from $11.00 to $10.00 and set a “neutral” rating on the stock in a report on Tuesday, September 24th. Seaport Res Ptn upgraded Oklo to a “hold” rating in a report on Friday, September 6th. Finally, B. Riley assumed coverage on Oklo in a research note on Thursday, September 19th. They set a “buy” rating and a $10.00 target price on the stock.

Check Out Our Latest Research Report on OKLO

Oklo Stock Performance

The firm’s 50-day moving average is $20.73 and its 200-day moving average is $12.47.

Institutional Investors Weigh In On Oklo

Several hedge funds have recently made changes to their positions in OKLO. Barclays PLC purchased a new position in Oklo during the 3rd quarter valued at about $58,000. Y Intercept Hong Kong Ltd bought a new position in shares of Oklo during the third quarter valued at approximately $94,000. Peapack Gladstone Financial Corp purchased a new position in shares of Oklo during the third quarter valued at approximately $100,000. Sanctuary Advisors LLC purchased a new stake in shares of Oklo in the 3rd quarter worth approximately $100,000. Finally, MML Investors Services LLC purchased a new stake in shares of Oklo in the 3rd quarter worth approximately $104,000. 85.03% of the stock is currently owned by institutional investors.

About Oklo

(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.