Oklo (NYSE:OKLO) Announces Earnings Results, Misses Expectations By $0.01 EPS

Oklo (NYSE:OKLO) released its quarterly earnings data on Monday. The company reported ($0.09) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.08) by ($0.01), Zacks reports.

Oklo Price Performance

Shares of NYSE OKLO traded down $2.52 during mid-day trading on Wednesday, hitting $26.42. 15,928,595 shares of the company were exchanged, compared to its average volume of 18,013,754. The stock has a 50 day simple moving average of $36.13 and a 200-day simple moving average of $24.36. Oklo has a 1-year low of $5.35 and a 1-year high of $59.14.

Analyst Upgrades and Downgrades

OKLO has been the subject of several research reports. Citigroup reduced their target price on Oklo from $31.00 to $30.00 and set a “neutral” rating for the company in a report on Tuesday. Craig Hallum initiated coverage on shares of Oklo in a report on Tuesday, January 28th. They issued a “buy” rating and a $44.00 target price on the stock. B. Riley upped their price target on shares of Oklo from $27.00 to $58.00 and gave the company a “buy” rating in a research report on Thursday, February 6th. Finally, Wedbush reissued an “outperform” rating and set a $45.00 price objective on shares of Oklo in a research report on Tuesday. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, Oklo currently has a consensus rating of “Moderate Buy” and a consensus target price of $44.25.

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.