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

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

Wall Street Analysts Forecast Growth

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

Oklo Stock Performance

The firm’s 50-day moving average price is $14.30.

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

Hedge Funds Weigh In On Oklo

Institutional investors and hedge funds have recently modified their holdings of the stock. Barclays PLC purchased a new position in shares of Oklo during the 3rd quarter valued at approximately $58,000. Y Intercept Hong Kong Ltd acquired a new stake in shares of Oklo in the third quarter valued at about $94,000. Stifel Financial Corp acquired a new position in shares of Oklo during the 3rd quarter worth about $104,000. MML Investors Services LLC purchased a new position in Oklo in the 3rd quarter valued at about $104,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in Oklo during the 3rd quarter worth approximately $104,000. Institutional investors and hedge funds own 85.03% of the company’s stock.

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.