Oklo (NYSE:OKLO) Shares Down 0.2% – Here’s What Happened

Oklo Inc. (NYSE:OKLO)’s share price was down 0.2% during trading on Thursday . The stock traded as low as $17.78 and last traded at $18.26. Approximately 10,682,340 shares traded hands during trading, an increase of 174% from the average daily volume of 3,903,697 shares. The stock had previously closed at $18.30.

Wall Street Analyst Weigh In

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

Oklo Trading Up 5.8 %

The business’s 50 day moving average price is $9.39.

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, analysts expect that Oklo Inc. will post -2.92 EPS 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.