Oklo (NYSE:OKLO) Stock Price Down 6.9% – Here’s What Happened

Shares of Oklo Inc. (NYSE:OKLO) traded down 6.9% during trading on Tuesday . The company traded as low as $22.35 and last traded at $22.41. 7,579,604 shares changed hands during mid-day trading, an increase of 54% from the average session volume of 4,929,388 shares. The stock had previously closed at $24.06.

Wall Street Analyst Weigh In

A number of analysts have recently commented on OKLO shares. Seaport Res Ptn upgraded Oklo to a “hold” rating in a research report on Friday, September 6th. 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. Finally, Citigroup dropped their target price on Oklo from $11.00 to $10.00 and set a “neutral” rating for the company in a research note on Tuesday, September 24th.

Oklo Trading Down 6.1 %

The stock has a fifty day simple moving average of $13.01.

Oklo (NYSE:OKLO) last released its quarterly earnings data on Tuesday, August 13th. The company reported ($5.17) earnings per share (EPS) for the quarter. As a group, equities analysts expect that Oklo Inc. will post -2.92 earnings per share 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.