Oklo (NYSE:OKLO) Shares Gap Up – Should You Buy?

Oklo Inc. (NYSE:OKLO)’s stock price gapped up prior to trading on Wednesday . The stock had previously closed at $22.59, but opened at $25.48. Oklo shares last traded at $23.91, with a volume of 7,678,724 shares changing hands.

Analyst Upgrades and Downgrades

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

Oklo Price Performance

The company has a 50-day simple moving average of $13.69.

Oklo (NYSE:OKLO) last posted its quarterly earnings data on Tuesday, August 13th. The company reported ($5.17) earnings per share for the quarter. As a group, research analysts anticipate that Oklo Inc. will post -2.92 earnings per share for the current year.

Institutional Trading of Oklo

A number of institutional investors have recently made changes to their positions in OKLO. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in Oklo during the 3rd quarter worth about $104,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in Oklo during the 3rd quarter worth about $135,000. Portland Investment Counsel Inc. acquired a new stake in Oklo during the 3rd quarter worth about $6,493,000. Finally, DRW Securities LLC acquired a new stake in Oklo during the 3rd quarter worth about $404,000. Institutional investors and hedge funds 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.