Oklo (NYSE:OKLO) Trading 12.9% Higher – Time to Buy?

Oklo Inc. (NYSE:OKLO) shares traded up 12.9% during trading on Monday . The stock traded as high as $30.95 and last traded at $30.68. 9,407,832 shares traded hands during trading, a decline of 19% from the average session volume of 11,566,498 shares. The stock had previously closed at $27.16.

Analysts Set New Price Targets

Several research firms have recently weighed in on OKLO. Craig Hallum initiated coverage on Oklo in a report on Tuesday, January 28th. They issued a “buy” rating and a $44.00 price objective for the company. Citigroup increased their price target on shares of Oklo from $10.00 to $31.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 8th. Wedbush raised their price objective on shares of Oklo from $26.00 to $45.00 and gave the stock an “outperform” rating in a research report on Friday, January 24th. Finally, B. Riley upped their target price on shares of Oklo from $27.00 to $58.00 and gave the company a “buy” rating in a report on Thursday, February 6th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, Oklo presently has a consensus rating of “Moderate Buy” and a consensus target price of $44.50.

Oklo Trading Up 13.8 %

The company has a 50 day moving average price of $35.85 and a 200 day moving average price of $24.02.

Hedge Funds Weigh In On Oklo

A number of large investors have recently bought and sold shares of OKLO. TD Waterhouse Canada Inc. acquired a new position in shares of Oklo during the fourth quarter worth about $27,000. Sandy Spring Bank purchased a new stake in Oklo in the 4th quarter valued at approximately $32,000. CoreCap Advisors LLC acquired a new position in Oklo during the 4th quarter worth approximately $32,000. Covestor Ltd purchased a new position in shares of Oklo during the 4th quarter worth approximately $34,000. Finally, Anfield Capital Management LLC acquired a new stake in shares of Oklo in the 4th quarter valued at approximately $43,000. Hedge funds and other 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.