Oklo (NYSE:OKLO) Sees Unusually-High Trading Volume – Time to Buy?

Oklo Inc. (NYSE:OKLO) saw unusually-high trading volume on Thursday . Approximately 4,778,175 shares traded hands during mid-day trading, a decline of 21% from the previous session’s volume of 6,013,948 shares.The stock last traded at $20.70 and had previously closed at $18.38.

Wall Street Analysts Forecast Growth

Several analysts recently commented on OKLO shares. B. Riley initiated coverage on shares of Oklo in a research report on Thursday, September 19th. They set a “buy” rating and a $10.00 price objective on the stock. Citigroup cut their price target on shares of Oklo from $11.00 to $10.00 and set a “neutral” rating on the stock in a report on Tuesday, September 24th. Wedbush began coverage on shares of Oklo in a report on Thursday. They issued an “outperform” rating and a $26.00 price objective for the company. Finally, Seaport Res Ptn upgraded Oklo to a “hold” rating in a research note on Friday, September 6th.

Oklo Stock Up 2.7 %

The business’s 50 day moving average price is $20.73 and its 200 day moving average price is $12.47.

Institutional Trading of Oklo

Several large investors have recently modified their holdings of the company. Barclays PLC bought a new position in Oklo in the third quarter valued at about $58,000. Y Intercept Hong Kong Ltd purchased a new stake in shares of Oklo during the 3rd quarter valued at about $94,000. Peapack Gladstone Financial Corp purchased a new stake in shares of Oklo during the 3rd quarter valued at about $100,000. Sanctuary Advisors LLC purchased a new position in shares of Oklo in the third quarter worth approximately $100,000. Finally, MML Investors Services LLC bought a new stake in Oklo during the third quarter valued at approximately $104,000. 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.