Oklo (NYSE:OKLO) Stock Price Up 2.8% – Time to Buy?

Oklo Inc. (NYSE:OKLO)’s stock price traded up 2.8% on Thursday . The stock traded as high as $24.60 and last traded at $23.72. 7,713,547 shares were traded during mid-day trading, an increase of 53% from the average session volume of 5,057,352 shares. The stock had previously closed at $23.08.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on OKLO. Citigroup cut their price target on shares of Oklo from $11.00 to $10.00 and set a “neutral” rating on the stock in a research note on Tuesday, September 24th. Seaport Res Ptn raised Oklo to a “hold” rating in a research report on Friday, September 6th. Finally, 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.

Oklo Trading Down 24.6 %

The business’s fifty day moving average price is $14.30.

Oklo (NYSE:OKLO) last announced its earnings results on Tuesday, August 13th. The company reported ($5.17) EPS for the quarter. On average, analysts predict that Oklo Inc. will post -2.92 EPS for the current fiscal year.

Hedge Funds Weigh In On Oklo

A number of large investors have recently modified their holdings of OKLO. DRW Securities LLC purchased a new stake in shares of Oklo during the third quarter valued at approximately $404,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in Oklo in the third quarter worth $135,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in shares of Oklo in the 3rd quarter valued at about $104,000. Portland Investment Counsel Inc. bought a new position in shares of Oklo during the third quarter valued at approximately $6,493,000. Finally, Atom Investors LP bought a new position in Oklo during the 3rd quarter worth $657,000. 85.03% of the stock is currently owned by hedge funds and other institutional investors.

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.