Wall Street Zen Downgrades Deep Fission (NASDAQ:FISN) to Sell

Deep Fission (NASDAQ:FISN) was downgraded by analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research note issued on Sunday.

FISN has been the subject of several other research reports. UBS Group set a $18.00 price target on shares of Deep Fission in a research report on Wednesday, July 15th. Benchmark started coverage on shares of Deep Fission in a research note on Monday, July 13th. They issued a “buy” rating and a $20.00 target price for the company. Seaport Research Partners initiated coverage on Deep Fission in a report on Tuesday, August 4th. They issued a “buy” rating and a $25.00 price target for the company. Canaccord Genuity Group began coverage on Deep Fission in a research note on Wednesday, July 15th. They issued a “buy” rating and a $18.00 price target on the stock. Finally, Zacks Research raised Deep Fission to a “hold” rating in a research note on Wednesday, August 5th. Two equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $18.67.

Deep Fission Stock Performance

NASDAQ FISN opened at $7.13 on Friday. The business’s fifty day moving average is $9.95. Deep Fission has a 52 week low of $7.03 and a 52 week high of $19.00.

Deep Fission (NASDAQ:FISN) last announced its quarterly earnings results on Monday, August 3rd. The company reported ($0.56) EPS for the quarter. Sell-side analysts expect that Deep Fission will post -1.66 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Deep Fission

A number of institutional investors have recently made changes to their positions in FISN. Blue Owl Capital Holdings LP purchased a new stake in shares of Deep Fission in the second quarter valued at $14,720,000. Chapin Davis Inc. purchased a new position in Deep Fission in the 2nd quarter valued at about $210,000. Finally, Elevation Wealth Management LLC purchased a new stake in Deep Fission in the 2nd quarter worth approximately $3,294,000.

About Deep Fission

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