Oklo (NYSE:OKLO) Receives “Outperform” Rating from Wedbush

Oklo (NYSE:OKLO)‘s stock had its “outperform” rating reissued by analysts at Wedbush in a report issued on Tuesday,Benzinga reports. They currently have a $45.00 target price on the stock. Wedbush’s price target would suggest a potential upside of 70.36% from the company’s current price.

OKLO has been the topic of several other reports. B. Riley increased their price objective on Oklo from $27.00 to $58.00 and gave the company a “buy” rating in a research note on Thursday, February 6th. Craig Hallum started coverage on Oklo in a research report on Tuesday, January 28th. They issued a “buy” rating and a $44.00 price target on the stock. Finally, Citigroup boosted their price objective on Oklo from $10.00 to $31.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 8th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $44.25.

Oklo Price Performance

Shares of NYSE:OKLO opened at $26.42 on Tuesday. The firm has a market capitalization of $3.23 billion, a PE ratio of -2.61 and a beta of -0.28. Oklo has a 1 year low of $5.35 and a 1 year high of $59.14. The firm’s 50-day moving average is $36.18 and its two-hundred day moving average is $24.38.

Oklo (NYSE:OKLO) last announced its earnings results on Monday, March 24th. The company reported ($0.09) earnings per share for the quarter, missing the consensus estimate of ($0.08) by ($0.01). Analysts expect that Oklo will post -8.2 EPS for the current fiscal year.

Institutional Trading of Oklo

A number of hedge funds and other institutional investors have recently bought and sold shares of OKLO. Barclays PLC boosted its position in shares of Oklo by 5.7% during the 4th quarter. Barclays PLC now owns 7,666 shares of the company’s stock worth $163,000 after acquiring an additional 416 shares in the last quarter. Ancora Advisors LLC lifted its stake in Oklo by 18.2% during the fourth quarter. Ancora Advisors LLC now owns 4,610 shares of the company’s stock worth $98,000 after purchasing an additional 710 shares during the last quarter. TD Waterhouse Canada Inc. acquired a new position in Oklo in the fourth quarter valued at approximately $27,000. CoreCap Advisors LLC purchased a new position in Oklo in the fourth quarter valued at approximately $32,000. Finally, Sandy Spring Bank acquired a new stake in Oklo during the fourth quarter worth approximately $32,000. 85.03% of the stock is currently owned by institutional investors and hedge funds.

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.