Citigroup Cuts Oklo (NYSE:OKLO) Price Target to $30.00

Oklo (NYSE:OKLO) had its target price lowered by Citigroup from $31.00 to $30.00 in a report published on Tuesday morning,Benzinga reports. Citigroup currently has a neutral rating on the stock.

OKLO has been the topic of a number of other research reports. B. Riley upped their price objective on Oklo from $27.00 to $58.00 and gave the stock a “buy” rating in a report on Thursday, February 6th. 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 price target on the stock. Finally, Wedbush reiterated an “outperform” rating and issued a $45.00 price objective on shares of Oklo in a research note on Tuesday. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $44.25.

Oklo Stock Performance

Shares of OKLO opened at $23.82 on Tuesday. The stock has a market capitalization of $2.91 billion, a P/E ratio of -2.35 and a beta of -0.28. Oklo has a 1 year low of $5.35 and a 1 year high of $59.14. The company’s fifty day moving average is $36.17 and its two-hundred day moving average is $24.37.

Oklo (NYSE:OKLO) last announced its quarterly earnings data on Monday, March 24th. The company reported ($0.09) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.01). Sell-side analysts predict that Oklo will post -8.2 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. TD Waterhouse Canada Inc. purchased a new stake in shares of Oklo in the 4th quarter worth about $27,000. Sandy Spring Bank purchased a new stake in shares of Oklo in the fourth quarter valued at about $32,000. CoreCap Advisors LLC acquired a new stake in shares of Oklo in the fourth quarter valued at approximately $32,000. Covestor Ltd acquired a new stake in shares of Oklo in the fourth quarter valued at approximately $34,000. Finally, Anfield Capital Management LLC purchased a new position in shares of Oklo during the 4th quarter worth approximately $43,000. Hedge funds and other 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.