Oklo Inc. (NYSE:OKLO – Get Free Report)’s stock price gapped down before the market opened on Friday . The stock had previously closed at $23.88, but opened at $21.00. Oklo shares last traded at $19.96, with a volume of 7,397,846 shares traded.
Wall Street Analyst Weigh In
A number of analysts have recently commented on the company. Seaport Res Ptn upgraded Oklo to a “hold” rating in a report on Friday, September 6th. Citigroup dropped their price target on Oklo from $11.00 to $10.00 and set a “neutral” rating for the company in a research note on Tuesday, September 24th. Finally, B. Riley initiated coverage on Oklo in a research note on Thursday, September 19th. They issued a “buy” rating and a $10.00 price objective on the stock.
Check Out Our Latest Stock Report on OKLO
Oklo Stock Down 22.9 %
Oklo (NYSE:OKLO – Get Free Report) last posted its quarterly earnings data on Tuesday, August 13th. The company reported ($5.17) EPS for the quarter. On average, analysts expect that Oklo Inc. will post -2.92 EPS for the current year.
Hedge Funds Weigh In On Oklo
Several large investors have recently modified their holdings of the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in Oklo during the third quarter valued at approximately $104,000. Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in shares of Oklo in the 3rd quarter valued at approximately $135,000. DRW Securities LLC acquired a new stake in shares of Oklo during the 3rd quarter valued at approximately $404,000. Atom Investors LP bought a new position in Oklo during the third quarter worth $657,000. Finally, Portland Investment Counsel Inc. acquired a new position in Oklo in the third quarter worth $6,493,000. Institutional investors 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.
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