Maxim Group Issues Pessimistic Forecast for Deep Fission (NASDAQ:FISN) Stock Price

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

A number of other brokerages have also recently weighed in on FISN. Roth Capital started coverage on Deep Fission in a research note on Tuesday, September 22nd. They issued a “buy” rating and a $18.00 price objective for the company. Zacks Research upgraded shares of Deep Fission to a “hold” rating in a research report on Wednesday, August 5th. Seaport Research Partners initiated coverage on shares of Deep Fission in a research note on Tuesday, August 4th. They set a “buy” rating and a $25.00 price target 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, Weiss Ratings initiated coverage on shares of Deep Fission in a research report on Monday, September 14th. They set a “sell (e-)” rating for the company. Four equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $17.20.

Deep Fission Price Performance

Deep Fission stock traded down $0.11 during trading hours on Friday, hitting $2.30. The stock had a trading volume of 666,050 shares, compared to its average volume of 365,112. The stock has a 50-day simple moving average of $6.19. The company has a market cap of $135.49 million and a PE ratio of -4.11. Deep Fission has a 12-month low of $2.25 and a 12-month high of $19.00.

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

Institutional Trading of Deep Fission

Institutional investors have recently modified their holdings of the company. Blue Owl Capital Holdings LP acquired a new position in Deep Fission during the second quarter worth about $14,720,000. Elevation Wealth Management LLC acquired a new stake in Deep Fission in the 2nd quarter valued at about $3,294,000. Finally, Chapin Davis Inc. acquired a new stake in Deep Fission in the 2nd quarter valued at about $210,000.

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.