Deep Fission, Inc. (NASDAQ:FISN) Stock Now Rated "Moderate Buy" by Wall Street Brokerages

Key Points

• Analysts rate Deep Fission “Moderate Buy” overall: Four of six analysts recommend buying the stock, while one rates it a hold and one a sell. The average 12-month price target is $18.20, well above the reported share price of $3.66.
• Institutional investors have begun building positions: Blue Owl Capital acquired approximately $14.72 million of shares, while Elevation Wealth Management and Chapin Davis also initiated stakes.
• Deep Fission reported a quarterly loss of $0.56 per share, and analysts expect a full-year loss of $2.04 per share. The company is developing deep-underground small modular nuclear reactors for utilities and industrial users.

Shares of Deep Fission, Inc. (NASDAQ:FISN - Get Free Report) have received an average recommendation of "Moderate Buy" from the six analysts that are presently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $18.20.

A number of analysts recently commented on the stock. Roth Capital assumed coverage on shares of Deep Fission in a research report on Tuesday, September 22nd. They issued a "buy" rating and a $18.00 price objective for the company. Benchmark assumed coverage on 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 lowered Deep Fission from a "sell" rating to a "strong sell" rating in a report on Saturday. Canaccord Genuity Group initiated coverage on Deep Fission in a research note on Wednesday, July 15th. They issued a "buy" rating and a $18.00 target price for the company. Finally, Seaport Research Partners assumed coverage on Deep Fission in a research note on Tuesday, August 4th. They issued a "buy" rating and a $25.00 target price for the company.

Hedge Funds Weigh In On Deep Fission

Several institutional investors have recently modified their holdings of FISN. Blue Owl Capital Holdings LP acquired a new position in shares of Deep Fission in the 2nd quarter valued at approximately $14,720,000. Elevation Wealth Management LLC bought a new stake in Deep Fission in the second quarter valued at approximately $3,294,000. Finally, Chapin Davis Inc. acquired a new stake in shares of Deep Fission in the second quarter valued at approximately $210,000.

Deep Fission Stock Performance

Shares of NASDAQ FISN opened at $3.66 on Tuesday. Deep Fission has a 52-week low of $3.39 and a 52-week high of $19.00. The firm has a market capitalization of $215.61 million and a PE ratio of -6.54. The firm's 50 day moving average price is $6.53.

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, analysts forecast that Deep Fission will post -2.04 EPS for the current year.

Deep Fission Company Profile

Deep Fission is a nuclear energy company developing deep-underground small modular reactor technology. Its concept involves placing compact pressurized-water reactors in deep boreholes, with the goal of using the surrounding geology to provide additional protection, containment and security.

The company's proposed reactors are designed to generate electricity below ground and support applications such as reliable power generation for utilities, industrial facilities and other large energy users.

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