Shares of Fermi Inc. (NASDAQ:FRMI – Get Free Report) fell 6.8% on Wednesday . The company traded as low as $15.06 and last traded at $15.06. 595,122 shares were traded during mid-day trading, a decline of 88% from the average session volume of 5,064,016 shares. The stock had previously closed at $16.16.
Analyst Ratings Changes
FRMI has been the topic of several recent analyst reports. Cantor Fitzgerald reaffirmed an “overweight” rating on shares of Fermi in a research report on Wednesday, November 12th. UBS Group started coverage on shares of Fermi in a report on Monday, October 27th. They set a “buy” rating and a $30.00 target price on the stock. Mizuho began coverage on shares of Fermi in a research note on Monday, October 27th. They issued an “outperform” rating and a $27.00 price target for the company. Rothschild Redb raised shares of Fermi to a “strong-buy” rating in a research report on Monday, October 27th. Finally, Rothschild & Co Redburn began coverage on shares of Fermi in a report on Monday, October 27th. They issued a “buy” rating and a $31.00 target price on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, Fermi presently has an average rating of “Buy” and an average price target of $31.56.
Get Our Latest Report on Fermi
Fermi Stock Performance
Fermi (NASDAQ:FRMI – Get Free Report) last announced its earnings results on Monday, November 10th. The company reported ($0.84) earnings per share for the quarter.
About Fermi
Fermi’s mission is to power the artificial intelligence (“AI”) needs of tomorrow. We are an advanced energy and hyperscaler development company purpose-built for the AI era. Our mission is to deliver up to 11 gigawatts (“GW”) of low-carbon, HyperRedundant™, and on-demand power directly to the world’s most compute-intensive businesses with 1.1 GW of power projected to be online by the end of 2026.
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