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

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

Several other research analysts have also commented on the company. Weiss Ratings initiated coverage on shares of Deep Fission in a research note on Monday, September 14th. They set a “sell (e-)” rating on the stock. Wall Street Zen lowered Deep Fission from a “sell” rating to a “strong sell” rating in a research report on Saturday, October 17th. UBS Group set a $18.00 target price on shares of Deep Fission in a research note on Wednesday, July 15th. Canaccord Genuity Group began coverage on Deep Fission in a report on Wednesday, July 15th. They set a “buy” rating and a $18.00 target price for the company. Finally, Zacks Research raised Deep Fission to a “hold” rating in a report on Wednesday, August 5th. Four research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $17.20.

Deep Fission Stock Performance

FISN stock traded down $0.11 on Friday, reaching $2.30. 666,054 shares of the company’s stock were exchanged, compared to its average volume of 365,113. Deep Fission has a twelve month low of $2.25 and a twelve month high of $19.00. The company has a market cap of $135.49 million and a price-to-earnings ratio of -4.11. The company has a fifty day moving average of $6.19.

Deep Fission (NASDAQ:FISN) last issued its quarterly earnings data on Monday, August 3rd. The company reported ($0.56) EPS for the quarter. On average, equities research analysts forecast that Deep Fission will post -2.04 EPS for the current fiscal year.

Hedge Funds Weigh In On Deep Fission

Several large investors have recently added to or reduced their stakes in the company. Blue Owl Capital Holdings LP acquired a new stake in shares of Deep Fission in the 2nd quarter valued at $14,720,000. Elevation Wealth Management LLC acquired a new stake in shares of Deep Fission in the second quarter valued at $3,294,000. Finally, Chapin Davis Inc. acquired a new stake in shares of Deep Fission in the second quarter valued at $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.