Deep Fission (NASDAQ:FISN) Upgraded by Wall Street Zen to "Hold" Rating

Key Points

• Wall Street Zen upgraded Deep Fission from “Sell” to “Hold,” while the broader analyst consensus remains “Moderate Buy,” with an average price target of $18.25.
• Deep Fission shares opened at $7.16, well below the analyst targets of $17 to $25, after trading between $6.10 and $19.00 over the past year.
• The company reported a quarterly loss of $0.56 per share, and analysts expect a full-year loss of approximately $1.66 per share; several institutional investors recently initiated positions.

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

Several other research analysts also recently commented on the stock. UBS Group set a $18.00 price objective on shares of Deep Fission in a report on Wednesday, July 15th. Canaccord Genuity Group assumed coverage on Deep Fission in a report on Wednesday, July 15th. They issued a "buy" rating and a $18.00 target price on the stock. Zacks Research upgraded Deep Fission to a "hold" rating in a research report on Wednesday, August 5th. Maxim Group began coverage on Deep Fission in a research note on Monday, August 31st. They set a "buy" rating and a $17.00 price target for the company. Finally, Seaport Research Partners initiated coverage on Deep Fission in a report on Tuesday, August 4th. They set a "buy" rating and a $25.00 price target for the company. Three analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $18.25.

Deep Fission Trading Up 6.1%

FISN stock opened at $7.16 on Friday. Deep Fission has a one year low of $6.10 and a one year high of $19.00. The stock has a fifty day moving average of $8.83.

Deep Fission (NASDAQ:FISN - Get Free Report) last posted its earnings results on Monday, August 3rd. The company reported ($0.56) earnings per share for the quarter. On average, equities research analysts predict that Deep Fission will post -1.66 EPS for the current year.

Institutional Investors Weigh In On Deep Fission

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FISN. Chapin Davis Inc. purchased a new position in shares of Deep Fission in the 2nd quarter worth approximately $210,000. Elevation Wealth Management LLC bought a new position in shares of Deep Fission during the 2nd quarter valued at approximately $3,294,000. Finally, Blue Owl Capital Holdings LP purchased a new stake in Deep Fission during the 2nd quarter valued at $14,720,000.

Deep Fission Company Profile

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.