Oklo (NYSE:OKLO) Trading Down 1% – What’s Next?

Oklo Inc. (NYSE:OKLO) shares dropped 1% during trading on Friday . The stock traded as low as $24.65 and last traded at $24.98. Approximately 5,902,685 shares were traded during mid-day trading, an increase of 6% from the average daily volume of 5,563,354 shares. The stock had previously closed at $25.23.

Wall Street Analyst Weigh In

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

Oklo Stock Performance

The stock’s fifty day moving average is $15.96 and its two-hundred day moving average is $11.00.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Stifel Financial Corp purchased a new position in Oklo during the third quarter worth about $104,000. MML Investors Services LLC bought a new stake in shares of Oklo during the 3rd quarter valued at about $104,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in shares of Oklo during the third quarter worth about $104,000. Y Intercept Hong Kong Ltd bought a new position in shares of Oklo in the third quarter worth approximately $94,000. Finally, National Bank of Canada FI purchased a new stake in Oklo in the third quarter valued at approximately $105,000. Institutional investors own 85.03% of the company’s stock.

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.