Oklo (NYSE:OKLO) Trading Up 3.2% – Should You Buy?

Oklo Inc. (NYSE:OKLO) traded up 3.2% during mid-day trading on Thursday . The stock traded as high as $21.28 and last traded at $18.96. 12,028,329 shares traded hands during trading, an increase of 99% from the average session volume of 6,049,739 shares. The stock had previously closed at $18.38.

Analysts Set New Price Targets

OKLO has been the topic of a number of recent analyst reports. B. Riley began coverage on shares of Oklo in a research note on Thursday, September 19th. They set a “buy” rating and a $10.00 target price on the stock. Seaport Res Ptn upgraded Oklo to a “hold” rating in a research report on Friday, September 6th. Citigroup dropped their price target on Oklo from $11.00 to $10.00 and set a “neutral” rating for the company in a research note on Tuesday, September 24th. Finally, Wedbush assumed coverage on shares of Oklo in a research report on Thursday. They set an “outperform” rating and a $26.00 target price for the company.

Oklo Price Performance

The stock’s 50-day moving average price is $20.26 and its 200 day moving average price is $12.33.

Hedge Funds Weigh In On Oklo

Hedge funds have recently made changes to their positions in the stock. Barclays PLC purchased a new position in Oklo in the third quarter worth approximately $58,000. Y Intercept Hong Kong Ltd acquired a new stake in shares of Oklo during the third quarter worth about $94,000. Peapack Gladstone Financial Corp acquired a new stake in shares of Oklo in the 3rd quarter valued at about $100,000. Sanctuary Advisors LLC acquired a new stake in shares of Oklo in the 3rd quarter valued at about $100,000. Finally, MML Investors Services LLC purchased a new stake in Oklo in the third quarter valued at approximately $104,000. Hedge funds and other institutional investors own 85.03% of the company’s stock.

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.