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

Wall Street Zen cut shares of Deep Fission (NASDAQ:FISN) from a hold rating to a sell rating in a research note published on Sunday morning.

Several other research firms have also issued reports on FISN. Zacks Research upgraded shares of Deep Fission to a “hold” rating in a research note on Wednesday, August 5th. UBS Group set a $18.00 price target on shares of Deep Fission in a report on Wednesday, July 15th. Seaport Research Partners began coverage on shares of Deep Fission in a research report on Tuesday, August 4th. They issued a “buy” rating and a $25.00 price objective for the company. Canaccord Genuity Group assumed coverage on shares of Deep Fission in a research note on Wednesday, July 15th. They issued a “buy” rating and a $18.00 price objective for the company. Finally, Benchmark began coverage on shares of Deep Fission in a research report on Monday, July 13th. They set a “buy” rating and a $20.00 target price on the stock. Two research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, Deep Fission currently has a consensus rating of “Moderate Buy” and a consensus target price of $18.67.

Deep Fission Stock Performance

Shares of NASDAQ:FISN opened at $6.93 on Friday. Deep Fission has a 12-month low of $6.78 and a 12-month high of $19.00. The firm’s 50 day moving average is $9.89.

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

Institutional Inflows and Outflows

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

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.