Deep Fission (NASDAQ:FISN) Releases Quarterly Earnings Results

Deep Fission (NASDAQ:FISN) issued its quarterly earnings results on Wednesday. The company reported ($0.36) earnings per share (EPS) for the quarter, FiscalAI reports.

Deep Fission Stock Down 17.6%

Shares of FISN traded down $0.47 during mid-day trading on Wednesday, reaching $2.20. The company had a trading volume of 453,430 shares, compared to its average volume of 377,617. The firm has a market capitalization of $129.60 million and a PE ratio of -3.93. The company has a 50 day moving average price of $5.36. Deep Fission has a 52-week low of $2.10 and a 52-week high of $19.00.

Analysts Set New Price Targets

FISN has been the subject of a number of research analyst reports. Maxim Group decreased their price objective on shares of Deep Fission to $12.00 and set a “buy” rating for the company in a report on Friday, October 23rd. Benchmark started 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. Weiss Ratings initiated coverage on shares of Deep Fission in a research note on Monday, September 14th. They set a “sell (e-)” rating for the company. Wall Street Zen lowered Deep Fission from a “sell” rating to a “strong sell” rating in a report on Saturday, October 17th. Finally, 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 objective on the stock. Four investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $17.20.

Institutional Investors Weigh In On Deep Fission

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