Oklo (NYSE:OKLO) Shares Down 6% – Time to Sell?

Oklo Inc. (NYSE:OKLO)’s stock price fell 6% during mid-day trading on Tuesday . The stock traded as low as $17.21 and last traded at $17.38. 3,113,083 shares traded hands during trading, a decline of 47% from the average session volume of 5,831,274 shares. The stock had previously closed at $18.48.

Wall Street Analysts Forecast Growth

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

Oklo Trading Up 14.0 %

The company has a fifty day moving average price of $20.26 and a 200 day moving average price of $12.33.

Institutional Investors Weigh In On Oklo

Institutional investors and hedge funds have recently made changes to their positions in the business. Barclays PLC purchased a new stake in Oklo in the 3rd quarter valued at about $58,000. Y Intercept Hong Kong Ltd bought a new stake in Oklo during the third quarter worth $94,000. Peapack Gladstone Financial Corp purchased a new position in Oklo in the third quarter worth $100,000. Sanctuary Advisors LLC bought a new position in Oklo in the 3rd quarter valued at $100,000. Finally, MML Investors Services LLC purchased a new stake in shares of Oklo during the 3rd quarter valued at $104,000. Institutional investors and hedge funds 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.