Deep Fission (NASDAQ:FISN) Coverage Initiated by Analysts at Maxim Group

Key Points

• Maxim Group initiated coverage of Deep Fission with a “buy” rating and a $17 price target, implying roughly 159% upside from the stock’s $6.56 opening price.
• Analyst sentiment is broadly positive, with a consensus “Moderate Buy” rating and an average target price of $18.25, though one service downgraded the stock to “sell.”
• Deep Fission reported a quarterly loss of $0.56 per share, while institutional investors including Blue Owl Capital and Elevation Wealth Management recently acquired new positions in the company.

Analysts at Maxim Group assumed coverage on shares of Deep Fission (NASDAQ:FISN - Get Free Report) in a report released on Monday. The brokerage set a "buy" rating and a $17.00 price target on the stock. Maxim Group's target price would indicate a potential upside of 159.15% from the stock's current price.

Other equities research analysts also recently issued reports about the stock. Zacks Research upgraded shares of Deep Fission to a "hold" rating in a research note on Wednesday, August 5th. UBS Group set a $18.00 target price on shares of Deep Fission in a research note on Wednesday, July 15th. Benchmark assumed coverage on shares of Deep Fission in a report on Monday, July 13th. They set a "buy" rating and a $20.00 target price on the stock. Wall Street Zen downgraded Deep Fission from a "hold" rating to a "sell" rating in a report on Sunday, August 23rd. Finally, Canaccord Genuity Group started coverage on Deep Fission in a research report on Wednesday, July 15th. They issued a "buy" rating and a $18.00 price objective on the stock. Three research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $18.25.

Deep Fission Price Performance

Shares of NASDAQ:FISN opened at $6.56 on Monday. Deep Fission has a 1 year low of $6.42 and a 1 year high of $19.00. The business's 50-day moving average price is $9.61.

Deep Fission (NASDAQ:FISN - Get Free Report) last posted its earnings results on Monday, August 3rd. The company reported ($0.56) earnings per share (EPS) for the quarter. As a group, sell-side analysts forecast that Deep Fission will post -1.66 EPS for the current year.

Hedge Funds Weigh In On Deep Fission

A number of institutional investors and hedge funds have recently bought and sold shares of FISN. Chapin Davis Inc. purchased a new stake in shares of Deep Fission during the second quarter valued at approximately $210,000. Elevation Wealth Management LLC acquired a new position in shares of Deep Fission during the second quarter worth $3,294,000. Finally, Blue Owl Capital Holdings LP purchased a new position in shares of Deep Fission in the second quarter valued at $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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source