Oklo (NYSE:OKLO) Earns “Outperform” Rating from Wedbush

Oklo (NYSE:OKLO)‘s stock had its “outperform” rating reaffirmed by stock analysts at Wedbush in a report released on Tuesday,Benzinga reports. They presently have a $45.00 price target on the stock. Wedbush’s target price points to a potential upside of 53.90% from the stock’s previous close.

Several other equities research analysts also recently commented on the stock. B. Riley upped their target price on shares of Oklo from $27.00 to $58.00 and gave the company a “buy” rating in a research note on Thursday, February 6th. Craig Hallum began coverage on shares of Oklo in a research report on Tuesday, January 28th. They issued a “buy” rating and a $44.00 price objective for the company. Finally, Citigroup lifted their target price on Oklo from $10.00 to $31.00 and gave the stock a “neutral” rating in a report on Wednesday, January 8th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, Oklo presently has a consensus rating of “Moderate Buy” and an average price target of $44.50.

Oklo Stock Performance

Shares of OKLO stock traded down $1.67 on Tuesday, reaching $29.24. The company had a trading volume of 8,592,211 shares, compared to its average volume of 11,619,570. The company has a 50-day moving average of $36.01 and a 200-day moving average of $24.20. Oklo has a 12 month low of $5.35 and a 12 month high of $59.14.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. TD Waterhouse Canada Inc. acquired a new stake in shares of Oklo during the fourth quarter worth $27,000. Sandy Spring Bank bought a new position in Oklo during the 4th quarter worth about $32,000. CoreCap Advisors LLC acquired a new stake in shares of Oklo in the 4th quarter valued at about $32,000. Covestor Ltd bought a new stake in shares of Oklo in the fourth quarter valued at about $34,000. Finally, Anfield Capital Management LLC acquired a new position in shares of Oklo during the fourth quarter worth about $43,000. Institutional investors and hedge funds own 85.03% of the company’s stock.

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.