Oklo (NYSE:OKLO) Given New $30.00 Price Target at Citigroup

Oklo (NYSE:OKLO) had its target price cut by Citigroup from $31.00 to $30.00 in a research note issued to investors on Tuesday,Benzinga reports. They currently have a neutral rating on the stock.

Other equities research analysts have also recently issued research reports about the company. Craig Hallum started coverage on Oklo in a report on Tuesday, January 28th. They set a “buy” rating and a $44.00 price objective on the stock. Wedbush reiterated an “outperform” rating and set a $45.00 target price on shares of Oklo in a research report on Tuesday. Finally, B. Riley lifted their price target on Oklo from $27.00 to $58.00 and gave the company a “buy” rating in a report on Thursday, February 6th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $44.25.

Oklo Price Performance

Oklo stock opened at $23.82 on Tuesday. The stock has a market capitalization of $2.91 billion, a P/E ratio of -2.35 and a beta of -0.28. Oklo has a 12-month low of $5.35 and a 12-month high of $59.14. The firm’s 50-day moving average is $36.17 and its two-hundred day moving average is $24.37.

Oklo (NYSE:OKLO) last announced its earnings results on Monday, March 24th. The company reported ($0.09) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.01). As a group, analysts forecast that Oklo will post -8.2 EPS for the current year.

Institutional Trading of Oklo

A number of institutional investors and hedge funds have recently made changes to their positions in the company. TD Waterhouse Canada Inc. acquired a new position in Oklo in the fourth quarter valued at $27,000. CoreCap Advisors LLC acquired a new position in shares of Oklo in the 4th quarter valued at about $32,000. Sandy Spring Bank purchased a new stake in shares of Oklo during the 4th quarter worth about $32,000. Covestor Ltd acquired a new stake in Oklo during the 4th quarter worth approximately $34,000. Finally, Anfield Capital Management LLC purchased a new position in Oklo in the fourth quarter valued at approximately $43,000. 85.03% of the stock is currently owned by institutional investors and hedge funds.

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.