Oklo Inc. (NYSE:OKLO – Get Free Report) shares dropped 5.4% on Monday . The company traded as low as $8.33 and last traded at $8.36. Approximately 442,974 shares traded hands during trading, a decline of 81% from the average daily volume of 2,280,738 shares. The stock had previously closed at $8.84.
Wall Street Analyst Weigh In
A number of equities analysts have issued reports on OKLO shares. Seaport Res Ptn raised shares of Oklo to a “hold” rating in a research note on Friday, September 6th. Citigroup cut their price target on Oklo from $11.00 to $10.00 and set a “neutral” rating on the stock in a research note on Tuesday, September 24th. Finally, B. Riley started coverage on Oklo in a research note on Thursday, September 19th. They set a “buy” rating and a $10.00 price objective for the company.
Read Our Latest Stock Analysis on OKLO
Oklo Stock Performance
Oklo (NYSE:OKLO – Get Free Report) last issued its earnings results on Tuesday, August 13th. The company reported ($5.17) EPS for the quarter. Equities research analysts expect 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.
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