Oklo Sees Unusually High Options Volume (NYSE:OKLO)

Oklo Inc. (NYSE:OKLO) was the target of some unusual options trading activity on Tuesday. Investors acquired 13,613 call options on the company. This represents an increase of 75% compared to the typical daily volume of 7,788 call options.

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. B. Riley initiated coverage on Oklo in a research report on Thursday, September 19th. They set a “buy” rating and a $10.00 price objective for the company. Citigroup reduced their price target on Oklo from $11.00 to $10.00 and set a “neutral” rating for the company in a research report on Tuesday, September 24th. Finally, Seaport Res Ptn upgraded shares of Oklo to a “hold” rating in a report on Friday, September 6th.

Oklo Stock Up 13.9 %

Oklo stock traded up $1.40 during trading hours on Tuesday, hitting $11.44. The company had a trading volume of 17,053,291 shares, compared to its average volume of 2,515,590. The business’s 50-day moving average is $7.52. Oklo has a one year low of $5.35 and a one year high of $18.80.

Oklo (NYSE:OKLO) last issued its quarterly earnings data on Tuesday, August 13th. The company reported ($5.17) EPS for the quarter. Equities analysts anticipate that Oklo will post -2.92 earnings per share for the current fiscal 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.