Deep Fission (NASDAQ:FISN) Rating Lowered to “Strong Sell” at Wall Street Zen

Deep Fission (NASDAQ:FISN) was downgraded by Wall Street Zen from a “sell” rating to a “strong sell” rating in a research report issued on Saturday, Wall Street Zen reports.

FISN has been the subject of several other research reports. Zacks Research upgraded shares of Deep Fission to a “hold” rating in a research note on Wednesday, August 5th. Weiss Ratings began coverage on shares of Deep Fission in a research report on Monday, September 14th. They issued a “sell (e-)” rating on the stock. Benchmark started coverage on shares of Deep Fission in a research report on Monday, July 13th. They issued a “buy” rating and a $20.00 price target on the stock. Seaport Research Partners started coverage on shares of Deep Fission in a report on Tuesday, August 4th. They issued a “buy” rating and a $25.00 price target for the company. Finally, Canaccord Genuity Group initiated coverage on shares of Deep Fission in a report on Wednesday, July 15th. They issued a “buy” rating and a $18.00 price target for the company. Four research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $18.20.

Deep Fission Stock Performance

Shares of FISN opened at $3.45 on Friday. The firm has a market cap of $203.24 million and a price-to-earnings ratio of -6.16. The business has a 50 day moving average price of $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 issued its quarterly earnings results on Monday, August 3rd. The company reported ($0.56) earnings per share for the quarter. As a group, sell-side analysts forecast that Deep Fission will post -2.04 EPS for the current year.

Institutional Trading of Deep Fission

Several hedge funds have recently made changes to their positions in the stock. Elevation Wealth Management LLC acquired a new stake in Deep Fission in the second quarter worth $3,294,000. Blue Owl Capital Holdings LP bought a new stake in Deep Fission in the second quarter valued at $14,720,000. Finally, Chapin Davis Inc. bought a new stake in Deep Fission in the second quarter valued at $210,000.

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.