Oklo (NYSE:OKLO) Shares Up 19.1% – Should You Buy?

Oklo Inc. (NYSE:OKLO) shares shot up 19.1% during mid-day trading on Friday . The stock traded as high as $19.55 and last traded at $18.74. 16,307,905 shares were traded during mid-day trading, an increase of 431% from the average session volume of 3,069,344 shares. The stock had previously closed at $15.73.

Wall Street Analyst Weigh In

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

Oklo Stock Performance

The business has a fifty day simple moving average of $8.16.

Oklo (NYSE:OKLO) last released its quarterly earnings results on Tuesday, August 13th. The company reported ($5.17) earnings per share for the quarter. On average, analysts anticipate 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.