Oklo (NYSE:OKLO) Stock Price Up 3.2% – Time to Buy?

Oklo Inc. (NYSE:OKLO)’s share price traded up 3.2% during trading on Thursday . The stock traded as high as $21.28 and last traded at $18.96. 12,028,329 shares were traded during mid-day trading, an increase of 99% from the average session volume of 6,049,739 shares. The stock had previously closed at $18.38.

Analyst Upgrades and Downgrades

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

Oklo Price Performance

The stock has a fifty day moving average price of $20.73 and a 200 day moving average price of $12.47.

Institutional Investors Weigh In On Oklo

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Barclays PLC bought a new position in shares of Oklo in the third quarter valued at approximately $58,000. Y Intercept Hong Kong Ltd purchased a new position in shares of Oklo during the 3rd quarter valued at $94,000. Peapack Gladstone Financial Corp bought a new position in shares of Oklo in the third quarter worth $100,000. Sanctuary Advisors LLC purchased a new stake in shares of Oklo in the third quarter worth $100,000. Finally, MML Investors Services LLC bought a new stake in Oklo during the third quarter valued at $104,000. 85.03% of the stock is currently 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.