Deep Fission, Inc.’s Quiet Period To End on July 28th (NASDAQ:FISN)

Deep Fission’s (NASDAQ:FISN) quiet period is set to end on Tuesday, July 28th. Deep Fission had issued 2,500,000 shares in its public offering on June 18th. The total size of the offering was $40,000,000 based on an initial share price of $16.00. During Deep Fission’s quiet period, insiders and underwriters that worked on the IPO are prevented from issuing any earnings forecasts or research reports for the company because of regulations issued by the Securities and Exchange Commission. Following the expiration of the company’s quiet period, the brokerages that served as underwriters will likely initiate research coverage on the company.

Analysts Set New Price Targets

FISN has been the topic of several recent analyst reports. Wall Street Zen lowered Deep Fission from a “hold” rating to a “sell” rating in a research report on Monday. UBS Group set a $18.00 price objective on Deep Fission in a report on Wednesday, July 15th. Benchmark initiated coverage on shares of Deep Fission in a research note on Monday, July 13th. They issued a “buy” rating and a $20.00 target price for the company. Finally, Canaccord Genuity Group began coverage on shares of Deep Fission in a report on Wednesday, July 15th. They set a “buy” rating and a $18.00 target price on the stock. Two investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $18.67.

Deep Fission Stock Down 3.2%

Shares of FISN opened at $10.31 on Tuesday. Deep Fission has a 52 week low of $7.66 and a 52 week high of $19.00.