Oklo (NYSE:OKLO) Announces Quarterly Earnings Results

Oklo (NYSE:OKLO) released its earnings results on Monday. The company reported ($0.09) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.01), Zacks reports.

Oklo Price Performance

Shares of OKLO traded down $2.52 during mid-day trading on Wednesday, hitting $26.42. The company’s stock had a trading volume of 15,917,699 shares, compared to its average volume of 11,665,315. The company’s 50-day moving average is $36.13 and its 200-day moving average is $24.36. Oklo has a 52-week low of $5.35 and a 52-week high of $59.14.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. B. Riley upped their price target on shares of Oklo from $27.00 to $58.00 and gave the stock a “buy” rating in a report on Thursday, February 6th. Citigroup reduced their target price on shares of Oklo from $31.00 to $30.00 and set a “neutral” rating on the stock in a research report on Tuesday. Craig Hallum assumed coverage on shares of Oklo in a research note on Tuesday, January 28th. They set a “buy” rating and a $44.00 price target for the company. Finally, Wedbush reissued an “outperform” rating and issued a $45.00 price objective on shares of Oklo in a research note on Tuesday. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $44.25.

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.