Oklo (NYSE:OKLO) Shares Down 0.1% – Time to Sell?

Shares of Oklo Inc. (NYSE:OKLO) traded down 0.1% during trading on Monday . The stock traded as low as $21.10 and last traded at $22.37. 4,256,930 shares were traded during trading, a decline of 64% from the average session volume of 11,673,043 shares. The stock had previously closed at $22.39.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on OKLO shares. Craig Hallum assumed coverage on shares of Oklo in a research note on Tuesday, January 28th. They set a “buy” rating and a $44.00 price target on the stock. B. Riley increased their target price on Oklo from $27.00 to $58.00 and gave the company a “buy” rating in a research note on Thursday, February 6th. Citigroup cut their price target on Oklo from $31.00 to $30.00 and set a “neutral” rating on the stock in a research note on Tuesday, March 25th. Finally, Wedbush reiterated an “outperform” rating and issued a $45.00 price target on shares of Oklo in a report on Tuesday, March 25th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Oklo currently has a consensus rating of “Moderate Buy” and a consensus price target of $44.25.

Oklo Stock Down 0.9 %

The stock’s 50 day moving average price is $36.10 and its two-hundred day moving average price is $24.75. The firm has a market capitalization of $3.08 billion, a price-to-earnings ratio of -2.18 and a beta of -0.28.

Oklo (NYSE:OKLO) last announced its quarterly earnings results on Monday, March 24th. The company reported ($0.09) EPS for the quarter, missing the consensus estimate of ($0.08) by ($0.01). On average, equities analysts expect that Oklo Inc. will post -8.2 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in OKLO. Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in Oklo during the third quarter valued at approximately $135,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in Oklo during the third quarter valued at about $104,000. Atom Investors LP bought a new position in shares of Oklo in the third quarter worth about $657,000. HITE Hedge Asset Management LLC bought a new stake in Oklo during the 3rd quarter valued at approximately $19,753,000. Finally, Point72 Asset Management L.P. bought a new position in Oklo during the third quarter worth $1,023,000. 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.