Traders Buy High Volume of Call Options on Oklo (NYSE:OKLO)

Oklo Inc. (NYSE:OKLO) was the target of some unusual options trading on Wednesday. Stock traders purchased 59,987 call options on the company. This represents an increase of approximately 208% compared to the typical volume of 19,499 call options.

Oklo Stock Up 1.4 %

NYSE:OKLO opened at $24.84 on Wednesday. Oklo has a 52 week low of $5.35 and a 52 week high of $25.37. The company has a 50-day moving average price of $10.09.

Oklo (NYSE:OKLO) last issued its quarterly earnings results on Tuesday, August 13th. The company reported ($5.17) EPS for the quarter. Equities analysts forecast that Oklo will post -2.92 earnings per share for the current year.

Wall Street Analysts Forecast Growth

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

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.