Deep Fission (NASDAQ:FISN) Stock Rating Cut to "Sell" at Wall Street Zen

Key Points

• Wall Street Zen downgraded Deep Fission from “Hold” to “Sell,” although the broader analyst consensus remains “Moderate Buy,” with an average price target of $18.20.
• Deep Fission shares opened at $6.25, near their 52-week low of $6.10 and well below the $18–$25 targets issued by several analysts.
• The company reported a quarterly loss of $0.56 per share, while analysts expect a full-year loss of approximately $2.04 per share; several institutional investors nonetheless recently acquired stakes.

Deep Fission (NASDAQ:FISN - Get Free Report) was downgraded by investment analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a research note issued to investors on Saturday, Wall Street Zen reports.

FISN has been the topic of a number of other reports. Canaccord Genuity Group began coverage on Deep Fission in a report on Wednesday, July 15th. They set a "buy" rating and a $18.00 price target on the stock. Benchmark started coverage on shares of Deep Fission in a research note on Monday, July 13th. They issued a "buy" rating and a $20.00 price objective for the company. Roth Capital began coverage on shares of Deep Fission in a research report on Tuesday. They set a "buy" rating and a $18.00 target price on the stock. 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 target price on the stock. Finally, UBS Group set a $18.00 price target on shares of Deep Fission in a report on Wednesday, July 15th. Four analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $18.20.

Deep Fission Price Performance

Shares of Deep Fission stock opened at $6.25 on Friday. The stock's 50-day simple moving average is $8.17. Deep Fission has a 1-year low of $6.10 and a 1-year high of $19.00.

Deep Fission (NASDAQ:FISN - Get Free Report) last announced its quarterly earnings data on Monday, August 3rd. The company reported ($0.56) earnings per share (EPS) for the quarter. On average, sell-side analysts forecast that Deep Fission will post -2.04 earnings per share for the current year.

Hedge Funds Weigh In On Deep Fission

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

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