Oklo (NYSE:OKLO) Trading Up 5.6% – Here’s What Happened

Oklo Inc. (NYSE:OKLO)’s stock price shot up 5.6% during mid-day trading on Friday . The stock traded as high as $20.15 and last traded at $19.08. 11,672,071 shares traded hands during mid-day trading, an increase of 193% from the average session volume of 3,985,560 shares. The stock had previously closed at $18.06.

Analyst Ratings Changes

Several brokerages have recently issued reports on OKLO. B. Riley began coverage on Oklo in a research report on Thursday, September 19th. They issued a “buy” rating and a $10.00 price objective on the stock. Citigroup dropped their target price on Oklo from $11.00 to $10.00 and set a “neutral” rating for the company 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 business has a 50 day moving average price of $9.39.

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