Deep Fission (NASDAQ:FISN) Price Target Cut to $12.00 by Analysts at Maxim Group

Deep Fission (NASDAQ:FISN) had its target price dropped by equities research analysts at Maxim Group to $12.00 in a research report issued on Friday, Benzinga reports. The firm currently has a “buy” rating on the stock. Maxim Group‘s price target indicates a potential upside of 421.74% from the stock’s previous close.

FISN has been the topic of a number of other research reports. Wall Street Zen downgraded Deep Fission from a “sell” rating to a “strong sell” rating in a research note on Saturday, October 17th. Weiss Ratings initiated coverage on Deep Fission in a research note on Monday, September 14th. They issued a “sell (e-)” rating on the stock. Canaccord Genuity Group initiated 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. Zacks Research upgraded Deep Fission to a “hold” rating in a research note on Wednesday, August 5th. Finally, UBS Group set a $18.00 price target on Deep Fission in a research note on Wednesday, July 15th. Four analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Deep Fission presently has an average rating of “Moderate Buy” and an average price target of $17.20.

Deep Fission Stock Down 4.6%

Shares of Deep Fission stock traded down $0.11 during trading hours on Friday, reaching $2.30. The company’s stock had a trading volume of 666,054 shares, compared to its average volume of 365,113. Deep Fission has a one year low of $2.25 and a one year high of $19.00. The stock has a market cap of $135.49 million and a P/E ratio of -4.11. The business has a fifty day simple moving average of $6.07.

Deep Fission (NASDAQ:FISN) last announced its earnings results on Monday, August 3rd. The company reported ($0.56) earnings per share for the quarter. As a group, equities analysts forecast that Deep Fission will post -2.04 earnings per share for the current year.

Hedge Funds Weigh In On Deep Fission

A number of institutional investors and hedge funds have recently modified their holdings of FISN. Blue Owl Capital Holdings LP bought a new stake in Deep Fission in the second quarter worth about $14,720,000. Elevation Wealth Management LLC bought a new stake in Deep Fission in the second quarter worth about $3,294,000. Finally, Chapin Davis Inc. bought a new stake in Deep Fission in the second quarter worth about $210,000.

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.