Oklo (NYSE:OKLO) Trading Down 1.8% – Here’s Why

Oklo Inc. (NYSE:OKLO)’s share price fell 1.8% during mid-day trading on Wednesday . The stock traded as low as $19.70 and last traded at $20.45. 14,200,267 shares were traded during trading, an increase of 278% from the average session volume of 3,759,303 shares. The stock had previously closed at $20.83.

Analysts Set New Price Targets

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

Oklo Stock Performance

The business’s fifty day simple moving average is $8.73.

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

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.