Oklo Inc. (NYSE:OKLO) Receives Average Recommendation of “Moderate Buy” from Brokerages

Oklo Inc. (NYSE:OKLO) has received a consensus rating of “Moderate Buy” from the four research firms that are presently covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $15.33.

A number of research firms have recently commented on OKLO. Citigroup dropped their target price on shares of Oklo from $11.00 to $10.00 and set a “neutral” rating for the company in a report on Tuesday, September 24th. Seaport Res Ptn upgraded shares of Oklo to a “hold” rating in a research report on Friday, September 6th. Wedbush assumed coverage on Oklo in a research note on Thursday. They issued an “outperform” rating and a $26.00 price objective for the company. Finally, B. Riley assumed coverage on Oklo in a report on Thursday, September 19th. They set a “buy” rating and a $10.00 price target for the company.

Oklo Stock Performance

NYSE:OKLO traded up $0.64 during mid-day trading on Thursday, hitting $19.02. 10,093,826 shares of the stock were exchanged, compared to its average volume of 6,041,070. The firm’s 50-day simple moving average is $20.26 and its 200 day simple moving average is $12.33. Oklo has a fifty-two week low of $5.35 and a fifty-two week high of $28.12.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of OKLO. Barclays PLC bought a new position in shares of Oklo in the third quarter worth $58,000. Y Intercept Hong Kong Ltd purchased a new position in shares of Oklo during the third quarter worth about $94,000. Peapack Gladstone Financial Corp bought a new position in shares of Oklo in the third quarter worth approximately $100,000. Sanctuary Advisors LLC bought a new stake in shares of Oklo during the 3rd quarter worth $100,000. Finally, MML Investors Services LLC bought a new stake in Oklo in the 3rd quarter worth approximately $104,000. 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.