Oklo (NYSE:OKLO) Issues Earnings Results, Misses Expectations By $0.01 EPS

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

Oklo Stock Performance

OKLO stock traded down $2.52 during midday trading on Wednesday, reaching $26.42. The stock had a trading volume of 15,917,699 shares, compared to its average volume of 11,665,315. The firm has a fifty day simple moving average of $36.13 and a two-hundred day simple moving average of $24.36. Oklo has a 52-week low of $5.35 and a 52-week high of $59.14.

Wall Street Analysts Forecast Growth

OKLO has been the subject of a number of analyst reports. Craig Hallum started coverage on shares of Oklo in a research report on Tuesday, January 28th. They set a “buy” rating and a $44.00 target price for the company. B. Riley raised their price objective on Oklo from $27.00 to $58.00 and gave the stock a “buy” rating in a research report on Thursday, February 6th. Wedbush reaffirmed an “outperform” rating and set a $45.00 target price on shares of Oklo in a research report on Tuesday. Finally, Citigroup lowered their price target on Oklo from $31.00 to $30.00 and set a “neutral” rating for the company in a report on Tuesday. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, Oklo has a consensus rating of “Moderate Buy” and a consensus target price of $44.25.

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.