Oklo (NYSE:OKLO) Sees Unusually-High Trading Volume – Should You Buy?

Oklo Inc. (NYSE:OKLO) shares saw unusually-strong trading volume on Wednesday . Approximately 14,465,749 shares changed hands during mid-day trading, an increase of 446% from the previous session’s volume of 2,648,583 shares.The stock last traded at $14.36 and had previously closed at $11.65.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on OKLO. Seaport Res Ptn upgraded Oklo to a “hold” rating in a report on Friday, September 6th. 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. Finally, B. Riley assumed coverage on shares of Oklo in a research report on Thursday, September 19th. They issued a “buy” rating and a $10.00 price target on the stock.

Oklo Stock Down 5.0 %

The company’s fifty day moving average is $7.94.

Oklo (NYSE:OKLO) last released its quarterly earnings data on Tuesday, August 13th. The company reported ($5.17) earnings per share (EPS) for the quarter. On average, sell-side analysts predict 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.