Oklo (NYSE:OKLO) Trading Up 9.7% – Here’s Why

Oklo Inc. (NYSE:OKLO) shares traded up 9.7% during mid-day trading on Thursday . The stock traded as high as $24.18 and last traded at $23.83. 6,758,152 shares changed hands during mid-day trading, an increase of 43% from the average session volume of 4,728,553 shares. The stock had previously closed at $21.72.

Analyst Upgrades and Downgrades

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

Oklo Trading Up 23.0 %

The business’s 50-day moving average price is $11.57.

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