Oklo (OKLO) to Release Earnings on Monday

Oklo (NYSE:OKLO) is expected to be posting its quarterly earnings results after the market closes on Monday, March 24th. Analysts expect Oklo to post earnings of ($0.08) per share for the quarter. Investors interested in participating in the company’s conference call can do so using this link.

Oklo Trading Down 2.0 %

Shares of NYSE OKLO opened at $27.23 on Friday. The business’s fifty day simple moving average is $35.85 and its 200-day simple moving average is $23.89. Oklo has a 12-month low of $5.35 and a 12-month high of $59.14.

Insider Activity at Oklo

In other Oklo news, Director Richard Kinzley purchased 5,000 shares of Oklo stock in a transaction dated Monday, December 23rd. The stock was acquired at an average cost of $19.95 per share, with a total value of $99,750.00. Following the acquisition, the director now directly owns 5,000 shares of the company’s stock, valued at $99,750. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 21.80% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on OKLO. Craig Hallum assumed coverage on Oklo in a research note on Tuesday, January 28th. They issued a “buy” rating and a $44.00 price objective for the company. Wedbush lifted their price target on shares of Oklo from $26.00 to $45.00 and gave the stock an “outperform” rating in a research note on Friday, January 24th. Citigroup increased their price objective on shares of Oklo from $10.00 to $31.00 and gave the company a “neutral” rating in a research report on Wednesday, January 8th. Finally, B. Riley boosted their target price on shares of Oklo from $27.00 to $58.00 and gave the stock a “buy” rating in a research note on Thursday, February 6th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $44.50.

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.