Oklo (NYSE:OKLO) Shares Up 5.2% – What’s Next?

Oklo Inc. (NYSE:OKLO) shares traded up 5.2% during mid-day trading on Friday . The company traded as high as $24.80 and last traded at $23.63. Approximately 7,216,534 shares traded hands during mid-day trading, an increase of 59% from the average daily volume of 4,534,936 shares. The stock had previously closed at $22.46.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Seaport Res Ptn raised Oklo to a “hold” rating in a research note on Friday, September 6th. Citigroup decreased their price objective on shares of Oklo from $11.00 to $10.00 and set a “neutral” rating on the stock in a research report on Tuesday, September 24th. Finally, B. Riley began coverage on shares of Oklo in a research report on Thursday, September 19th. They issued a “buy” rating and a $10.00 target price for the company.

Oklo Stock Down 3.5 %

The company has a 50 day moving average of $11.01.

Oklo (NYSE:OKLO) last issued its earnings results on Tuesday, August 13th. The company reported ($5.17) earnings per share (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.