Deep Fission (NASDAQ:FISN) Stock Price Target Cut by Maxim Group

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

A number of other analysts have also commented on FISN. Roth Capital began coverage on shares of Deep Fission in a research note on Tuesday, September 22nd. They set a “buy” rating and a $18.00 price target for the company. Weiss Ratings began coverage on shares of Deep Fission in a research note on Monday, September 14th. They set a “sell (e-)” rating for the company. Seaport Research Partners began 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 for the company. Zacks Research upgraded shares of Deep Fission to a “hold” rating in a research note on Wednesday, August 5th. Finally, Canaccord Genuity Group began coverage on shares of Deep Fission in a research report on Wednesday, July 15th. They issued a “buy” rating and a $18.00 price target on the stock. Four equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Deep Fission currently has an average rating of “Moderate Buy” and an average target price of $17.20.

Deep Fission Trading Down 4.6%

Shares of FISN stock traded down $0.11 on Friday, reaching $2.30. 666,054 shares of the company were exchanged, compared to its average volume of 365,113. The stock has a market capitalization of $135.49 million and a P/E ratio of -4.11. The firm has a 50-day simple moving average of $6.19. Deep Fission has a one year low of $2.25 and a one year high of $19.00.

Deep Fission (NASDAQ:FISN) last released its quarterly earnings data on Monday, August 3rd. The company reported ($0.56) earnings per share (EPS) for the quarter. Equities research analysts predict that Deep Fission will post -2.04 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of FISN. Blue Owl Capital Holdings LP purchased a new position in shares of Deep Fission in the 2nd quarter worth about $14,720,000. Elevation Wealth Management LLC purchased a new position in shares of Deep Fission in the 2nd quarter worth about $3,294,000. Finally, Chapin Davis Inc. purchased a new position in shares of Deep Fission in the 2nd 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.