Oklo (NYSE:OKLO) Stock Price Down 0.8% – Here’s What Happened

Shares of Oklo Inc. (NYSE:OKLO) dropped 0.8% on Tuesday . The company traded as low as $20.37 and last traded at $20.88. Approximately 4,823,232 shares traded hands during mid-day trading, an increase of 4% from the average daily volume of 4,643,675 shares. The stock had previously closed at $21.05.

Wall Street Analysts Forecast Growth

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

Oklo Trading Down 3.1 %

The company has a 50-day simple moving average of $11.30.

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

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.