Oklo (NYSE:OKLO) Releases Quarterly Earnings Results, Misses Estimates By $0.01 EPS

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

Oklo Stock Down 8.7 %

NYSE:OKLO traded down $2.52 on Wednesday, reaching $26.42. 15,924,537 shares of the company’s stock were exchanged, compared to its average volume of 11,665,338. The business has a fifty day moving average of $36.13 and a 200-day moving average of $24.36. Oklo has a 52-week low of $5.35 and a 52-week high of $59.14.

Analyst Upgrades and Downgrades

Several analysts have recently commented on OKLO shares. B. Riley lifted their price target on shares of Oklo from $27.00 to $58.00 and gave the company a “buy” rating in a research report on Thursday, February 6th. Citigroup lowered their target price on shares of Oklo from $31.00 to $30.00 and set a “neutral” rating for the company in a research note on Tuesday. Craig Hallum initiated coverage on shares of Oklo in a research report on Tuesday, January 28th. They set a “buy” rating and a $44.00 price target for the company. Finally, Wedbush reissued an “outperform” rating and issued a $45.00 price target on shares of Oklo in a research note on Tuesday. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $44.25.

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.