Maxim Group Has Lowered Expectations for Deep Fission (NASDAQ:FISN) Stock Price

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

FISN has been the subject of a number of other reports. Zacks Research upgraded shares of Deep Fission to a “hold” rating in a report on Wednesday, August 5th. Roth Capital began coverage on shares of Deep Fission in a report on Tuesday, September 22nd. They issued a “buy” rating and a $18.00 target price for the company. Seaport Research Partners began coverage on shares of Deep Fission in a report on Tuesday, August 4th. They issued a “buy” rating and a $25.00 target price for the company. UBS Group set a $18.00 target price on shares of Deep Fission in a report on Wednesday, July 15th. Finally, Wall Street Zen downgraded shares of Deep Fission from a “sell” rating to a “strong sell” rating in a report on Saturday, October 17th. Four analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Deep Fission presently has a consensus rating of “Moderate Buy” and an average price target of $17.20.

Deep Fission Price Performance

NASDAQ:FISN traded down $0.11 during mid-day trading 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 1 year low of $2.25 and a 1 year high of $19.00. The business’s fifty day simple moving average is $6.19. The stock has a market capitalization of $135.49 million and a price-to-earnings ratio of -4.11.

Deep Fission (NASDAQ:FISN) last announced its earnings results on Monday, August 3rd. The company reported ($0.56) EPS 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

Hedge funds have recently modified their holdings of the stock. Chapin Davis Inc. acquired a new position in shares of Deep Fission during the second quarter valued at about $210,000. Elevation Wealth Management LLC acquired a new position in shares of Deep Fission during the second quarter valued at about $3,294,000. Finally, Blue Owl Capital Holdings LP acquired a new position in shares of Deep Fission during the second quarter valued at about $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.