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

Deep Fission’s (NASDAQ:FISN) quiet period will expire on Tuesday, July 28th. Deep Fission had issued 2,500,000 shares in its initial 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, underwriters and any insiders involved in the IPO are prevented from issuing any research reports for the company because of SEC regulations. Following the end of the company’s quiet period, it’s expected that the brokerages that served as underwriters on the stock will initiate research coverage on the company.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on FISN. UBS Group set a $18.00 price target on shares of Deep Fission in a report on Wednesday, July 15th. Benchmark started 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. Canaccord Genuity Group initiated coverage on Deep Fission in a report on Wednesday, July 15th. They issued a “buy” rating and a $18.00 target price on the stock. Finally, Wall Street Zen lowered Deep Fission from a “hold” rating to a “sell” rating in a research report on Monday. Two research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $18.67.

Deep Fission Stock Up 5.4%

Shares of NASDAQ:FISN opened at $11.57 on Thursday. Deep Fission has a twelve month low of $7.66 and a twelve month high of $19.00.