Elevation Wealth Management LLC Purchases New Position in Deep Fission, Inc. $FISN

Elevation Wealth Management LLC purchased a new position in Deep Fission, Inc. (NASDAQ:FISN) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 298,335 shares of the company’s stock, valued at approximately $3,294,000. Deep Fission makes up about 2.5% of Elevation Wealth Management LLC’s holdings, making the stock its 8th largest position. Elevation Wealth Management LLC owned 0.51% of Deep Fission at the end of the most recent reporting period.

Separately, Chapin Davis Inc. purchased a new position in shares of Deep Fission during the 2nd quarter worth approximately $210,000.

Deep Fission Stock Up 0.1%

Shares of NASDAQ:FISN opened at $7.15 on Friday. The firm’s fifty day moving average is $9.19. Deep Fission, Inc. has a 1-year low of $6.10 and a 1-year high of $19.00.

Deep Fission (NASDAQ:FISN) last issued its earnings results on Monday, August 3rd. The company reported ($0.56) earnings per share (EPS) for the quarter. On average, sell-side analysts predict that Deep Fission, Inc. will post -1.66 EPS for the current fiscal year.

Analyst Ratings Changes

FISN has been the subject of a number of research analyst reports. Benchmark initiated coverage on 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 price objective for the company. Seaport Research Partners initiated coverage on Deep Fission in a report on Tuesday, August 4th. They issued a “buy” rating and a $25.00 price objective for the company. UBS Group set a $18.00 price objective on Deep Fission in a research report on Wednesday, July 15th. Finally, Wall Street Zen downgraded shares of Deep Fission from a “hold” rating to a “sell” rating in a research report on Sunday, August 23rd. Three investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, Deep Fission currently has a consensus rating of “Moderate Buy” and an average target price of $18.25.

Deep Fission Profile

Deep Fission Inc develops and deploys small modular nuclear reactors placed deep underground to generate electricity. Deep Fission Inc is based in Berkeley, California.