Fermi Sees Unusually High Options Volume (NASDAQ:FRMI)

Fermi Inc. (NASDAQ:FRMI) was the recipient of unusually large options trading on Monday. Stock traders acquired 20,926 call options on the stock. This represents an increase of 272% compared to the average volume of 5,632 call options.

Fermi Trading Up 2.6%

Shares of NASDAQ:FRMI traded up $0.37 during trading on Monday, reaching $14.71. 3,635,432 shares of the stock were exchanged, compared to its average volume of 5,551,108. Fermi has a 12-month low of $12.88 and a 12-month high of $36.99.

Fermi (NASDAQ:FRMI) last posted its quarterly earnings results on Monday, November 10th. The company reported ($0.84) EPS for the quarter.

Analyst Ratings Changes

FRMI has been the topic of several recent analyst reports. Rothschild & Co Redburn started coverage on shares of Fermi in a report on Monday, October 27th. They set a “buy” rating and a $31.00 price objective on the stock. Evercore ISI set a $37.00 price target on shares of Fermi and gave the stock an “outperform” rating in a research report on Monday, October 27th. UBS Group initiated coverage on shares of Fermi in a research note on Monday, October 27th. They set a “buy” rating and a $30.00 price target on the stock. Macquarie reiterated an “outperform” rating and issued a $35.00 price target on shares of Fermi in a report on Wednesday, November 12th. Finally, Berenberg Bank started coverage on shares of Fermi in a research note on Monday, October 27th. They set a “buy” rating and a $37.00 price objective for the company. Two analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, Fermi presently has an average rating of “Buy” and a consensus target price of $31.56.

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.