Wedbush Reiterates Outperform Rating for Oklo (NYSE:OKLO)

Oklo (NYSE:OKLO)‘s stock had its “outperform” rating restated by equities research analysts at Wedbush in a research report issued to clients and investors on Tuesday,Benzinga reports. They presently have a $45.00 price objective on the stock. Wedbush’s price target would indicate a potential upside of 53.90% from the company’s previous close.

Several other equities analysts also recently issued reports on OKLO. B. Riley lifted their price objective on Oklo from $27.00 to $58.00 and gave the company a “buy” rating in a research report on Thursday, February 6th. Citigroup upped their price target on shares of Oklo from $10.00 to $31.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 8th. Finally, Craig Hallum began coverage on shares of Oklo in a research report on Tuesday, January 28th. They issued a “buy” rating and a $44.00 price objective for the company. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $44.50.

Oklo Stock Performance

Shares of NYSE:OKLO traded down $1.67 during trading on Tuesday, reaching $29.24. The stock had a trading volume of 8,592,211 shares, compared to its average volume of 11,619,570. Oklo has a 52 week low of $5.35 and a 52 week high of $59.14. The business’s 50-day moving average price is $36.01 and its 200 day moving average price is $24.20.

Institutional Trading of Oklo

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in OKLO. TD Waterhouse Canada Inc. acquired a new position in Oklo during the 4th quarter valued at about $27,000. Sandy Spring Bank bought a new stake in shares of Oklo during the fourth quarter worth approximately $32,000. CoreCap Advisors LLC acquired a new position in Oklo in the fourth quarter valued at approximately $32,000. Covestor Ltd bought a new position in Oklo in the fourth quarter valued at approximately $34,000. Finally, Anfield Capital Management LLC acquired a new stake in Oklo during the 4th quarter worth $43,000. 85.03% of the stock is currently owned by institutional investors and hedge funds.

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.