Elevation Wealth Management LLC Buys Shares of 298,335 Deep Fission, Inc. $FISN

Elevation Wealth Management LLC purchased a new stake in shares of Deep Fission, Inc. (NASDAQ:FISN) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 298,335 shares of the company’s stock, valued at approximately $3,294,000. Deep Fission comprises about 2.5% of Elevation Wealth Management LLC’s portfolio, making the stock its 8th biggest holding.

Separately, Chapin Davis Inc. bought a new position in Deep Fission during the second quarter valued at approximately $210,000.

Wall Street Analyst Weigh In

A number of research firms have commented on FISN. Wall Street Zen downgraded shares of Deep Fission from a “hold” rating to a “sell” rating in a research report on Sunday, August 23rd. UBS Group set a $18.00 price target on Deep Fission in a report on Wednesday, July 15th. Benchmark initiated coverage on Deep Fission in a research note on Monday, July 13th. They issued a “buy” rating and a $20.00 price target on the stock. 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 for the company. Finally, Seaport Research Partners assumed coverage on Deep Fission in a research report on Tuesday, August 4th. They set a “buy” rating and a $25.00 price objective for the company. Three research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $18.25.

Deep Fission Price Performance

FISN opened at $7.15 on Friday. The stock has a 50 day moving average price of $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 announced its quarterly earnings data on Monday, August 3rd. The company reported ($0.56) EPS for the quarter. Equities research analysts anticipate that Deep Fission, Inc. will post -1.66 earnings per share for the current fiscal year.

About Deep Fission

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