Oklo (NYSE:OKLO) Trading 10.6% Higher – Still a Buy?

Oklo Inc. (NYSE:OKLO)’s share price was up 10.6% during trading on Monday . The company traded as high as $21.69 and last traded at $20.17. Approximately 24,370,760 shares changed hands during trading, an increase of 630% from the average daily volume of 3,338,216 shares. The stock had previously closed at $18.23.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on OKLO shares. Seaport Res Ptn upgraded Oklo to a “hold” rating in a research report on Friday, September 6th. B. Riley started coverage on Oklo in a research report on Thursday, September 19th. They set a “buy” rating and a $10.00 price objective for the company. Finally, Citigroup dropped their price objective on Oklo from $11.00 to $10.00 and set a “neutral” rating for the company in a research report on Tuesday, September 24th.

Oklo Price Performance

The business’s fifty day moving average price is $8.16.

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

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.