Deep Fission (NASDAQ:FISN) Lowered to Sell Rating by Wall Street Zen

Key Points

• Wall Street Zen downgraded Deep Fission from “hold” to “sell,” despite the broader analyst consensus remaining “Moderate Buy” with an average price target of $18.67.
• Deep Fission shares opened at $8.25, near their 52-week low of $7.64 and well below the $18.00–$25.00 price targets issued by several firms. The company reported a quarterly loss of $0.56 per share.
• Several institutional investors—including Blue Owl Capital Holdings, Elevation Wealth Management and Chapin Davis—recently established positions in the company.

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

A number of other research firms have also commented on FISN. UBS Group set a $18.00 price objective on shares of Deep Fission in a research note on Wednesday, July 15th. Canaccord Genuity Group initiated coverage on shares of Deep Fission in a research note on Wednesday, July 15th. They issued a "buy" rating and a $18.00 target price for the company. Benchmark began 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. Zacks Research raised shares of Deep Fission to a "hold" rating in a research report on Wednesday, August 5th. Finally, Seaport Research Partners initiated coverage on Deep Fission in a research report on Tuesday, August 4th. They set a "buy" rating and a $25.00 price objective for the company. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $18.67.

Deep Fission Price Performance

Shares of FISN stock opened at $8.25 on Friday. Deep Fission has a fifty-two week low of $7.64 and a fifty-two week high of $19.00. The firm has a fifty day moving average price of $10.01.

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

Hedge Funds Weigh In On Deep Fission

Several large investors have recently bought and sold shares of FISN. Chapin Davis Inc. bought a new position in shares of Deep Fission during the second quarter worth $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 bought a new stake in shares of Deep Fission in the 2nd quarter valued at about $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