Shares of Fermi Inc. (NASDAQ:FRMI – Get Free Report) traded down 4.6% during mid-day trading on Wednesday . The stock traded as low as $14.30 and last traded at $14.53. 663,977 shares changed hands during mid-day trading, a decline of 87% from the average session volume of 5,252,014 shares. The stock had previously closed at $15.23.
Analysts Set New Price Targets
FRMI has been the subject of a number of research analyst reports. Zacks Research raised Fermi to a “hold” rating in a research note on Tuesday, October 28th. Evercore ISI set a $37.00 target price on shares of Fermi and gave the company an “outperform” rating in a research note on Monday, October 27th. Stifel Nicolaus initiated coverage on shares of Fermi in a report on Monday, October 27th. They set a “buy” rating and a $29.00 target price on the stock. Redburn Partners set a $31.00 price target on shares of Fermi in a research note on Monday, October 27th. Finally, UBS Group began coverage on shares of Fermi in a research report on Monday, October 27th. They issued a “buy” rating and a $30.00 price objective for the company. Two research 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 stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $31.56.
View Our Latest Stock Report on FRMI
Fermi Stock Down 6.4%
Fermi (NASDAQ:FRMI – Get Free Report) last released its earnings results on Monday, November 10th. The company reported ($0.84) earnings per share for the quarter.
Fermi Company Profile
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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