Oklo (NYSE:OKLO) Trading Down 12.4% – What’s Next?

Oklo Inc. (NYSE:OKLO) shares were down 12.4% during trading on Tuesday . The stock traded as low as $18.40 and last traded at $19.55. Approximately 21,648,682 shares traded hands during mid-day trading, an increase of 504% from the average daily volume of 3,582,233 shares. The stock had previously closed at $22.31.

Wall Street Analysts Forecast Growth

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

Oklo Stock Down 12.1 %

The stock has a fifty day simple moving average of $8.73.

Oklo (NYSE:OKLO) last issued its quarterly earnings results on Tuesday, August 13th. The company reported ($5.17) earnings per share (EPS) for the quarter. As a group, equities research analysts predict that Oklo Inc. will post -2.92 earnings per share 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.