Oklo (NYSE:OKLO) Sees Unusually-High Trading Volume – Should You Buy?

Oklo Inc. (NYSE:OKLO) shares saw an uptick in trading volume on Thursday . 4,778,175 shares traded hands during mid-day trading, a decline of 21% from the previous session’s volume of 6,013,948 shares.The stock last traded at $20.70 and had previously closed at $18.38.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on OKLO shares. Wedbush started coverage on Oklo in a research note on Thursday. They set an “outperform” rating and a $26.00 target price for the company. Seaport Res Ptn upgraded shares of Oklo to a “hold” rating in a research note on Friday, September 6th. Citigroup dropped their target price on shares of Oklo from $11.00 to $10.00 and set a “neutral” rating for the company in a research report on Tuesday, September 24th. Finally, B. Riley initiated coverage on shares of Oklo in a research report on Thursday, September 19th. They set a “buy” rating and a $10.00 price target on the stock.

Oklo Stock Performance

The company has a 50-day moving average of $20.26 and a 200-day moving average of $12.33.

Institutional Trading of Oklo

Institutional investors and hedge funds have recently modified their holdings of the business. DRW Securities LLC acquired a new stake in shares of Oklo during the 3rd quarter worth approximately $404,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in Oklo in the third quarter worth $135,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in Oklo in the third quarter worth $104,000. Portland Investment Counsel Inc. bought a new stake in Oklo in the third quarter valued at $6,493,000. Finally, Atom Investors LP acquired a new position in shares of Oklo during the third quarter valued at $657,000. 85.03% of the stock is owned by institutional investors and hedge funds.

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.