Deep Fission (NASDAQ:FISN) Stock Gets Price Target Reduction from Maxim Group

Deep Fission (NASDAQ:FISN) had its price target cut by Maxim Group to $12.00 in a report published on Friday morning,Benzinga reports. They currently have a buy rating on the stock.

A number of other brokerages also recently commented on FISN. Zacks Research upgraded shares of Deep Fission to a “hold” rating in a report on Wednesday, August 5th. Wall Street Zen downgraded shares of Deep Fission from a “sell” rating to a “strong sell” rating in a research note on Saturday, October 17th. Weiss Ratings assumed coverage on shares of Deep Fission in a research report on Monday, September 14th. They set a “sell (e-)” rating on the stock. UBS Group set a $18.00 target price on shares of Deep Fission in a research report on Wednesday, July 15th. Finally, Benchmark initiated coverage on Deep Fission in a report on Monday, July 13th. They issued a “buy” rating and a $20.00 price target for the company. Four analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $17.20.

Deep Fission Price Performance

Shares of NASDAQ:FISN opened at $2.30 on Friday. Deep Fission has a 52-week low of $2.25 and a 52-week high of $19.00. The firm has a fifty day moving average of $6.07. The stock has a market capitalization of $135.49 million and a P/E ratio of -4.11.

Deep Fission (NASDAQ:FISN) last posted its quarterly earnings data on Monday, August 3rd. The company reported ($0.56) EPS for the quarter. Sell-side analysts forecast that Deep Fission will post -2.04 EPS for the current year.

Institutional Trading of Deep Fission

Several large investors have recently bought and sold shares of the company. Elevation Wealth Management LLC purchased a new stake in shares of Deep Fission during the second quarter valued at approximately $3,294,000. Chapin Davis Inc. purchased a new position in shares of Deep Fission in the second quarter valued at $210,000. Finally, Blue Owl Capital Holdings LP purchased a new position in shares of Deep Fission in the second quarter valued at $14,720,000.

Deep Fission Company Profile

Deep Fission Inc develops and deploys small modular nuclear reactors placed deep underground to generate electricity. Deep Fission Inc is based in Berkeley, California.