Oklo (NYSE:OKLO) Stock Price Down 0.1% – Here’s Why

Oklo Inc. (NYSE:OKLO) shares traded down 0.1% on Monday . The stock traded as low as $21.10 and last traded at $22.37. 4,256,930 shares traded hands during mid-day trading, a decline of 64% from the average session volume of 11,673,043 shares. The stock had previously closed at $22.39.

Analysts Set New Price Targets

OKLO has been the topic of several research analyst reports. Citigroup decreased their target price on Oklo from $31.00 to $30.00 and set a “neutral” rating on the stock in a report on Tuesday, March 25th. B. Riley raised their target price on shares of Oklo from $27.00 to $58.00 and gave the company a “buy” rating in a research note on Thursday, February 6th. Craig Hallum initiated coverage on Oklo in a research note on Tuesday, January 28th. They set a “buy” rating and a $44.00 price objective for the company. Finally, Wedbush reaffirmed an “outperform” rating and issued a $45.00 target price on shares of Oklo in a research note on Tuesday, March 25th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $44.25.

Oklo Price Performance

The company’s 50-day moving average price is $36.10 and its 200-day moving average price is $24.75. The company has a market cap of $3.08 billion, a P/E ratio of -2.18 and a beta of -0.28.

Oklo (NYSE:OKLO) last released its earnings results on Monday, March 24th. The company reported ($0.09) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.01). On average, equities research analysts predict that Oklo Inc. will post -8.2 EPS for the current year.

Institutional Investors Weigh In On Oklo

Several institutional investors have recently bought and sold shares of the company. TD Waterhouse Canada Inc. acquired a new stake in shares of Oklo in the fourth quarter valued at approximately $27,000. CoreCap Advisors LLC bought a new position in Oklo in the fourth quarter valued at $32,000. Sandy Spring Bank acquired a new stake in Oklo in the 4th quarter valued at $32,000. Covestor Ltd bought a new stake in Oklo during the 4th quarter worth about $34,000. Finally, Anfield Capital Management LLC acquired a new position in shares of Oklo during the 4th quarter worth about $43,000. Institutional investors own 85.03% of the company’s stock.

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.