Oklo (NYSE:OKLO) Shares Down 1.8% – Should You Sell?

Oklo Inc. (NYSE:OKLO)’s share price fell 1.8% on Wednesday . The company traded as low as $19.70 and last traded at $20.45. 14,200,267 shares changed hands during mid-day trading, an increase of 278% from the average session volume of 3,759,303 shares. The stock had previously closed at $20.83.

Analysts Set New Price Targets

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

Oklo Stock Performance

The firm’s fifty day moving average price is $8.73.

Oklo (NYSE:OKLO) last announced its quarterly earnings results on Tuesday, August 13th. The company reported ($5.17) earnings per share (EPS) for the quarter. As a group, research analysts forecast that Oklo Inc. will post -2.92 earnings per share for the current fiscal year.

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.