Oklo (NYSE:OKLO) Trading Up 6% – Should You Buy?

Oklo Inc. (NYSE:OKLO)’s share price was up 6% on Tuesday . The company traded as high as $22.29 and last traded at $21.90. Approximately 7,165,384 shares changed hands during mid-day trading, an increase of 33% from the average daily volume of 5,378,686 shares. The stock had previously closed at $20.67.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on OKLO shares. B. Riley started coverage on shares of Oklo in a research report on Thursday, September 19th. They issued a “buy” rating and a $10.00 target price for the company. Seaport Res Ptn raised shares of Oklo to a “hold” rating in a research report on Friday, September 6th. Finally, Citigroup decreased their target price on shares of Oklo from $11.00 to $10.00 and set a “neutral” rating for the company in a research report on Tuesday, September 24th.

Oklo Trading Up 5.4 %

The business’s 50 day simple moving average is $14.60.

Institutional Trading of Oklo

Hedge funds and other institutional investors have recently bought and sold shares of the business. Barclays PLC bought a new position in Oklo in the 3rd quarter valued at about $58,000. Y Intercept Hong Kong Ltd bought a new position in Oklo in the 3rd quarter valued at approximately $94,000. MML Investors Services LLC bought a new stake in Oklo during the 3rd quarter worth approximately $104,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in Oklo during the 3rd quarter worth approximately $104,000. Finally, Stifel Financial Corp acquired a new position in Oklo in the 3rd quarter valued at approximately $104,000. 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.