Citigroup Has Lowered Expectations for Oklo (NYSE:OKLO) Stock Price

Oklo (NYSE:OKLO) had its target price reduced by stock analysts at Citigroup from $31.00 to $30.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. Citigroup’s price objective indicates a potential upside of 13.57% from the company’s current price.

A number of other research firms have also commented on OKLO. B. Riley increased their price objective on Oklo from $27.00 to $58.00 and gave the company a “buy” rating in a research note on Thursday, February 6th. Wedbush reiterated an “outperform” rating and set a $45.00 price target on shares of Oklo in a report on Tuesday. Finally, Craig Hallum started coverage on shares of Oklo in a research note on Tuesday, January 28th. They set a “buy” rating and a $44.00 price objective on the stock. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, Oklo currently has an average rating of “Moderate Buy” and an average price target of $44.25.

Oklo Trading Down 8.7 %

Shares of NYSE OKLO opened at $26.42 on Tuesday. The stock has a market cap of $3.23 billion, a price-to-earnings ratio of -2.61 and a beta of -0.28. The company’s 50-day moving average price is $36.18 and its 200 day moving average price is $24.38. Oklo has a 52 week low of $5.35 and a 52 week high of $59.14.

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

Institutional Trading of Oklo

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. Sandy Spring Bank purchased a new position in shares of Oklo in the 4th quarter worth about $32,000. CoreCap Advisors LLC purchased a new position in shares of Oklo in the 4th quarter worth about $32,000. Covestor Ltd acquired a new position in shares of Oklo in the 4th quarter valued at about $34,000. Finally, Anfield Capital Management LLC purchased a new stake in shares of Oklo during the 4th quarter worth about $43,000. 85.03% of the stock is currently 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.