Oklo (NYSE:OKLO) Trading Up 10.6% – Here’s What Happened

Shares of Oklo Inc. (NYSE:OKLO) traded up 10.6% during mid-day trading on Monday . The company traded as high as $21.69 and last traded at $20.17. 24,370,760 shares traded hands during trading, an increase of 630% from the average session volume of 3,338,216 shares. The stock had previously closed at $18.23.

Wall Street Analyst Weigh In

OKLO has been the subject of several analyst reports. Citigroup decreased their target price on Oklo from $11.00 to $10.00 and set a “neutral” rating on the stock in a report on Tuesday, September 24th. B. Riley started coverage on Oklo in a research note on Thursday, September 19th. They issued a “buy” rating and a $10.00 price objective on the stock. Finally, Seaport Res Ptn upgraded Oklo to a “hold” rating in a research note on Friday, September 6th.

Oklo Trading Down 12.1 %

The firm’s 50-day simple moving average is $8.73.

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

Oklo Company Profile

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.