Oklo (NYSE:OKLO) Stock Price Down 0.2% – What’s Next?

Shares of Oklo Inc. (NYSE:OKLO) were down 0.2% on Friday . The stock traded as low as $18.07 and last traded at $18.33. Approximately 1,800,452 shares changed hands during mid-day trading, a decline of 69% from the average daily volume of 5,818,463 shares. The stock had previously closed at $18.37.

Analysts Set New Price Targets

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

Oklo Stock Up 0.9 %

The stock has a fifty day simple moving average of $19.74 and a two-hundred day simple moving average of $12.15.

Institutional Trading of Oklo

Several hedge funds have recently modified their holdings of OKLO. DRW Securities LLC bought a new position in Oklo during the third quarter worth $404,000. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in shares of Oklo during the 3rd quarter worth about $135,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in shares of Oklo in the 3rd quarter valued at about $104,000. Portland Investment Counsel Inc. bought a new stake in Oklo in the 3rd quarter valued at about $6,493,000. Finally, Atom Investors LP acquired a new position in Oklo during the 3rd quarter worth approximately $657,000. Institutional investors own 85.03% of the company’s stock.

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.