Oklo (NYSE:OKLO) Trading Down 5.4%

Oklo Inc. (NYSE:OKLO)’s share price traded down 5.4% during trading on Monday . The company traded as low as $8.33 and last traded at $8.36. 442,974 shares changed hands during mid-day trading, a decline of 81% from the average session volume of 2,280,738 shares. The stock had previously closed at $8.84.

Analyst Ratings Changes

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

Oklo Price Performance

The business has a 50 day moving average of $7.28.

Oklo (NYSE:OKLO) last announced its quarterly earnings data on Tuesday, August 13th. The company reported ($5.17) EPS for the quarter. Equities research analysts predict that Oklo Inc. will post -2.92 earnings per share for the current fiscal 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.