Oklo (NYSE:OKLO) Trading Down 5.4%

Oklo Inc. (NYSE:OKLO) dropped 5.4% on Monday . The stock traded as low as $8.33 and last traded at $8.36. Approximately 442,974 shares were traded during trading, a decline of 81% from the average daily volume of 2,280,738 shares. The stock had previously closed at $8.84.

Analyst Ratings Changes

Several equities analysts have recently issued reports on OKLO shares. B. Riley initiated coverage on Oklo in a research note on Thursday, September 19th. They issued a “buy” rating and a $10.00 price target on the stock. Citigroup lowered their target price 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, Seaport Res Ptn upgraded shares of Oklo to a “hold” rating in a research note on Friday, September 6th.

Oklo Stock Up 6.2 %

The firm’s 50 day simple moving average is $7.28.

Oklo (NYSE:OKLO) last posted its earnings results on Tuesday, August 13th. The company reported ($5.17) EPS for the quarter. On average, equities analysts expect that Oklo Inc. will post -2.92 EPS for the current year.

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.