Oklo (NYSE:OKLO) Sets New 52-Week High – Still a Buy?

Shares of Oklo Inc. (NYSE:OKLO) reached a new 52-week high during trading on Friday . The company traded as high as $19.39 and last traded at $19.20, with a volume of 10893297 shares. The stock had previously closed at $15.73.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on OKLO shares. 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 target on the stock. Citigroup decreased their target price on shares of Oklo from $11.00 to $10.00 and set a “neutral” rating on the stock in a research note on Tuesday, September 24th. Finally, Seaport Res Ptn upgraded Oklo to a “hold” rating in a research note on Friday, September 6th.

Oklo Price Performance

The company’s 50 day moving average is $8.16.

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