Oklo (NYSE:OKLO) Announces Earnings Results, Misses Estimates By $0.01 EPS

Oklo (NYSE:OKLO) announced its earnings results on Monday. The company reported ($0.09) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.01), Zacks reports.

Oklo Trading Down 8.7 %

Shares of OKLO traded down $2.52 during mid-day trading on Wednesday, reaching $26.42. The company had a trading volume of 15,933,869 shares, compared to its average volume of 11,665,416. The company’s 50 day simple moving average is $36.13 and its 200 day simple moving average is $24.36. Oklo has a 1-year low of $5.35 and a 1-year high of $59.14.

Analysts Set New Price Targets

Several analysts have recently issued reports on the company. B. Riley increased their target price on Oklo from $27.00 to $58.00 and gave the stock a “buy” rating in a report on Thursday, February 6th. Craig Hallum started coverage on shares of Oklo in a report on Tuesday, January 28th. They issued a “buy” rating and a $44.00 target price on the stock. Citigroup cut their price target on shares of Oklo from $31.00 to $30.00 and set a “neutral” rating for the company in a report on Tuesday. Finally, Wedbush reissued an “outperform” rating and issued a $45.00 price objective on shares of Oklo in a research note on Tuesday. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $44.25.

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.