Oklo (NYSE:OKLO) Trading 5.6% Higher – What’s Next?

Oklo Inc. (NYSE:OKLO) shares were up 5.6% on Friday . The stock traded as high as $20.15 and last traded at $19.08. Approximately 11,672,071 shares changed hands during trading, an increase of 193% from the average daily volume of 3,985,560 shares. The stock had previously closed at $18.06.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on OKLO shares. Citigroup dropped their price target on Oklo from $11.00 to $10.00 and set a “neutral” rating on the stock in a research report on Tuesday, September 24th. Seaport Res Ptn raised Oklo to a “hold” rating in a report on Friday, September 6th. Finally, B. Riley initiated coverage on Oklo in a report on Thursday, September 19th. They set a “buy” rating and a $10.00 price target for the company.

Oklo Trading Up 7.9 %

The business’s 50-day moving average price is $9.16.

Oklo (NYSE:OKLO) last posted its quarterly earnings results on Tuesday, August 13th. The company reported ($5.17) earnings per share for the quarter. As a group, research analysts forecast that Oklo Inc. will post -2.92 earnings per share for the current fiscal year.

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.