Oklo Inc. (NYSE:OKLO) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of Oklo Inc. (NYSE:OKLO) have been given an average rating of “Moderate Buy” by the five ratings firms that are presently covering the stock, MarketBeat reports. Two research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month price target among brokers that have covered the stock in the last year is $44.25.

A number of brokerages have recently issued reports on OKLO. Craig Hallum initiated coverage on shares of Oklo in a research note on Tuesday, January 28th. They set a “buy” rating and a $44.00 target price for the company. B. Riley upped their target price on shares of Oklo from $27.00 to $58.00 and gave the stock a “buy” rating in a research note on Thursday, February 6th. Wedbush reaffirmed an “outperform” rating and set a $45.00 target price on shares of Oklo in a research report on Tuesday. Finally, Citigroup dropped their price objective on Oklo from $31.00 to $30.00 and set a “neutral” rating on the stock in a research note on Tuesday.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Portland Investment Counsel Inc. purchased a new stake in Oklo in the third quarter valued at about $6,493,000. HITE Hedge Asset Management LLC purchased a new stake in shares of Oklo in the third quarter valued at approximately $19,753,000. Atomi Financial Group Inc. purchased a new stake in Oklo in the 4th quarter worth $19,285,000. Archford Capital Strategies LLC purchased a new position in Oklo in the 4th quarter valued at about $212,000. Finally, Barclays PLC purchased a new position in shares of Oklo in the third quarter valued at approximately $58,000. 85.03% of the stock is owned by institutional investors.

Oklo Trading Down 5.9 %

Shares of NYSE:OKLO opened at $22.42 on Friday. Oklo has a 12 month low of $5.35 and a 12 month high of $59.14. The company has a market capitalization of $2.74 billion, a price-to-earnings ratio of -2.21 and a beta of -0.28. The firm’s 50-day moving average is $36.10 and its 200 day moving average is $24.49.

Oklo (NYSE:OKLO) last issued its quarterly earnings results on Monday, March 24th. The company reported ($0.09) earnings per share for the quarter, missing the consensus estimate of ($0.08) by ($0.01). As a group, equities analysts forecast that Oklo will post -8.2 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.