Deep Fission (NASDAQ:FISN) Downgraded by Wall Street Zen to “Strong Sell”

Wall Street Zen cut shares of Deep Fission (NASDAQ:FISN) from a sell rating to a strong sell rating in a research note issued to investors on Saturday,Wall Street Zen reports.

Several other equities research analysts also recently issued reports on FISN. UBS Group set a $18.00 price objective on shares of Deep Fission in a research report on Wednesday, July 15th. Weiss Ratings initiated coverage on Deep Fission in a research report on Monday, September 14th. They issued a “sell (e-)” rating on the stock. Roth Capital started coverage on Deep Fission in a research report on Tuesday, September 22nd. 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 note on Wednesday, August 5th. Finally, Seaport Research Partners started coverage on Deep Fission in a research note on Tuesday, August 4th. They set a “buy” rating and a $25.00 target price on the stock. Four equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $18.20.

Deep Fission Stock Down 5.5%

Shares of FISN stock opened at $3.45 on Friday. The company has a market cap of $203.24 million and a P/E ratio of -6.16. The business’s 50-day moving average is $6.62. Deep Fission has a 52 week low of $3.40 and a 52 week high of $19.00.

Deep Fission (NASDAQ:FISN) last announced its quarterly earnings results on Monday, August 3rd. The company reported ($0.56) EPS for the quarter. As a group, equities research analysts anticipate that Deep Fission will post -2.04 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Deep Fission

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

About Deep Fission

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.