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

Deep Fission’s (NASDAQ:FISN) quiet period will end 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 the company’s quiet period, underwriters and any insiders 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, it’s expected that the brokerages that served as underwriters on the stock will initiate research coverage on the company.

Analysts Set New Price Targets

A number of brokerages have commented on FISN. Canaccord Genuity Group assumed coverage on Deep Fission in a report on Wednesday, July 15th. They issued a “buy” rating and a $18.00 price objective on the stock. Benchmark began coverage on Deep Fission in a report on Monday, July 13th. They set a “buy” rating and a $20.00 target price for the company. Wall Street Zen cut shares of Deep Fission from a “hold” rating to a “sell” rating in a research report on Monday, July 20th. Finally, UBS Group set a $18.00 price target on shares of Deep Fission in a research note on Wednesday, July 15th. Two equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, Deep Fission presently has an average rating of “Buy” and a consensus target price of $18.67.

Deep Fission Stock Performance

Shares of FISN stock opened at $10.26 on Friday. Deep Fission has a 1 year low of $7.66 and a 1 year high of $19.00.