Shares of Fermi Inc. (NASDAQ:FRMI – Get Free Report) reached a new 52-week low during trading on Wednesday . The stock traded as low as $7.83 and last traded at $8.04, with a volume of 1182660 shares trading hands. The stock had previously closed at $8.25.
Wall Street Analyst Weigh In
A number of research firms recently issued reports on FRMI. Berenberg Bank assumed coverage on shares of Fermi in a research report on Monday, October 27th. They set a “buy” rating and a $37.00 target price for the company. Evercore ISI set a $37.00 price objective on Fermi and gave the company an “outperform” rating in a report on Monday, October 27th. Mizuho assumed coverage on Fermi in a research note on Monday, October 27th. They issued an “outperform” rating and a $27.00 target price on the stock. Redburn Partners set a $31.00 price target on Fermi in a research report on Monday, October 27th. Finally, UBS Group assumed coverage on Fermi in a research report on Monday, October 27th. They issued a “buy” rating and a $30.00 price objective on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $31.56.
View Our Latest Stock Report on FRMI
Fermi Stock Down 2.5%
Fermi (NASDAQ:FRMI – Get Free Report) last issued its quarterly earnings results on Monday, November 10th. The company reported ($0.84) earnings per share (EPS) 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. We have entered into a long-term lease on a site large enough to simultaneously house the next three largest data center campuses by square footage currently in existence.
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