Oklo (NYSE:OKLO) Trading Up 9.7% – What’s Next?

Oklo Inc. (NYSE:OKLO)’s stock price was up 9.7% on Thursday . The stock traded as high as $24.18 and last traded at $23.83. Approximately 6,758,152 shares traded hands during mid-day trading, an increase of 43% from the average daily volume of 4,728,553 shares. The stock had previously closed at $21.72.

Wall Street Analysts Forecast Growth

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

Oklo Trading Down 7.9 %

The firm’s fifty day simple moving average is $12.65.

Oklo (NYSE:OKLO) last posted its quarterly earnings data 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 earnings per share 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.