Oklo (NYSE:OKLO) Shares Gap Up – Time to Buy?

Oklo Inc. (NYSE:OKLO) gapped up before the market opened on Wednesday . The stock had previously closed at $19.10, but opened at $21.41. Oklo shares last traded at $22.40, with a volume of 15,582,881 shares traded.

Wall Street Analysts Forecast Growth

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

Oklo Stock Up 14.0 %

The business has a fifty day moving average price of $20.48 and a 200 day moving average price of $12.39.

Hedge Funds Weigh In On Oklo

Several hedge funds have recently made changes to their positions in OKLO. Barclays PLC acquired a new position in Oklo during the third quarter worth $58,000. Y Intercept Hong Kong Ltd acquired a new position in shares of Oklo during the 3rd quarter worth about $94,000. Peapack Gladstone Financial Corp bought a new position in shares of Oklo in the 3rd quarter valued at about $100,000. Sanctuary Advisors LLC acquired a new stake in shares of Oklo in the third quarter valued at about $100,000. Finally, MML Investors Services LLC bought a new stake in Oklo during the third quarter worth about $104,000. 85.03% of the stock is owned by institutional investors.

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.