Oklo (NYSE:OKLO) Stock Price Up 26.2% – Here’s Why

Oklo Inc. (NYSE:OKLO) traded up 26.2% during trading on Wednesday . The company traded as high as $14.88 and last traded at $14.70. 17,722,965 shares were traded during mid-day trading, an increase of 558% from the average session volume of 2,692,054 shares. The stock had previously closed at $11.65.

Analysts Set New Price Targets

Several research analysts have issued reports on the stock. B. Riley began coverage on shares of Oklo in a report on Thursday, September 19th. They set a “buy” rating and a $10.00 price target for the company. Citigroup decreased their price target on Oklo from $11.00 to $10.00 and set a “neutral” rating for the company in a report on Tuesday, September 24th. Finally, Seaport Res Ptn upgraded Oklo to a “hold” rating in a research report on Friday, September 6th.

Oklo Trading Up 15.9 %

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

Oklo (NYSE:OKLO) last issued its quarterly earnings data on Tuesday, August 13th. The company reported ($5.17) earnings per share for the quarter. As a group, equities research analysts expect 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.