Oklo (NYSE:OKLO) Trading 1.9% Higher – Here’s What Happened

Oklo Inc. (NYSE:OKLO)’s share price shot up 1.9% during trading on Monday . The stock traded as high as $9.58 and last traded at $9.32. 1,364,239 shares were traded during mid-day trading, a decline of 43% from the average session volume of 2,393,669 shares. The stock had previously closed at $9.15.

Analyst Ratings Changes

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

Oklo Stock Performance

The firm’s fifty day simple moving average is $7.47.

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