Wedbush Reiterates Outperform Rating for Oklo (NYSE:OKLO)

Oklo (NYSE:OKLO)‘s stock had its “outperform” rating reaffirmed by analysts at Wedbush in a report released on Tuesday,Benzinga reports. They currently have a $45.00 price objective on the stock. Wedbush’s price target points to a potential upside of 70.36% from the stock’s current price.

Other equities analysts have also issued research reports about the company. B. Riley boosted their price objective on Oklo from $27.00 to $58.00 and gave the stock a “buy” rating in a research note on Thursday, February 6th. Craig Hallum assumed coverage on Oklo in a report on Tuesday, January 28th. They set a “buy” rating and a $44.00 price target on the stock. Finally, Citigroup upped their price objective on shares of Oklo from $10.00 to $31.00 and gave the company a “neutral” rating in a report on Wednesday, January 8th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $44.25.

Oklo Stock Down 8.7 %

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

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

Institutional Investors Weigh In On Oklo

A number of institutional investors and hedge funds have recently added to or reduced their stakes in OKLO. TD Waterhouse Canada Inc. purchased a new position in shares of Oklo during the 4th quarter worth $27,000. Sandy Spring Bank purchased a new position in Oklo during the fourth quarter worth about $32,000. CoreCap Advisors LLC acquired a new stake in shares of Oklo during the fourth quarter valued at about $32,000. Covestor Ltd acquired a new stake in shares of Oklo during the fourth quarter valued at about $34,000. Finally, Anfield Capital Management LLC purchased a new stake in shares of Oklo in the 4th quarter valued at approximately $43,000. 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.