Oklo (NYSE:OKLO) Trading Up 1.5% – Should You Buy?

Oklo Inc. (NYSE:OKLO)’s share price was up 1.5% on Friday . The stock traded as high as $21.37 and last traded at $21.28. Approximately 5,954,386 shares were traded during trading, a decline of 3% from the average daily volume of 6,141,013 shares. The stock had previously closed at $20.96.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on OKLO shares. Wedbush started coverage on shares of Oklo in a research report on Thursday. They set an “outperform” rating and a $26.00 price target on the stock. Seaport Res Ptn raised shares of Oklo to a “hold” rating in a research report on Friday, September 6th. Citigroup reduced their price target on shares of Oklo from $11.00 to $10.00 and set a “neutral” rating on the stock in a research report on Tuesday, September 24th. Finally, B. Riley started coverage on shares of Oklo in a research report on Thursday, September 19th. They set a “buy” rating and a $10.00 price target on the stock.

Oklo Trading Up 2.7 %

The company’s 50-day moving average price is $20.73 and its 200 day moving average price is $12.50.

Institutional Trading of Oklo

A number of institutional investors and hedge funds have recently added to or reduced their stakes in OKLO. Barclays PLC purchased a new stake in Oklo in the third quarter valued at approximately $58,000. Y Intercept Hong Kong Ltd purchased a new stake in Oklo in the third quarter valued at approximately $94,000. Peapack Gladstone Financial Corp purchased a new stake in Oklo in the third quarter valued at approximately $100,000. Sanctuary Advisors LLC purchased a new stake in Oklo in the third quarter valued at approximately $100,000. Finally, MML Investors Services LLC purchased a new stake in Oklo in the third quarter valued at approximately $104,000. Hedge funds and other institutional investors own 85.03% of the company’s stock.

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.