Investors Purchase High Volume of Fermi Call Options (NASDAQ:FRMI)

by · The Cerbat Gem

Fermi Inc. (NASDAQ:FRMI – Get Free Report) was the recipient of some unusual options trading on Friday. Stock traders purchased 18,912 call options on the company. This is an increase of approximately 201% compared to the average daily volume of 6,285 call options.

Fermi Trading Down 34.9%

Shares of FRMI stock traded down $5.32 during trading hours on Friday, reaching $9.93. 35,892,216 shares of the company were exchanged, compared to its average volume of 5,495,947. The business has a fifty day moving average price of $21.85. Fermi has a fifty-two week low of $8.30 and a fifty-two week high of $36.99.

Fermi (NASDAQ:FRMI – Get Free Report) last released its earnings results on Monday, November 10th. The company reported ($0.84) EPS for the quarter.

Wall Street Analysts Forecast Growth

FRMI has been the subject of several analyst reports. Evercore ISI set a $37.00 target price on Fermi and gave the stock an “outperform” rating in a report on Monday, October 27th. Rothschild Redb upgraded Fermi to a “strong-buy” rating in a report on Monday, October 27th. Mizuho initiated coverage on shares of Fermi in a report on Monday, October 27th. They issued an “outperform” rating and a $27.00 price target for the company. Cantor Fitzgerald reiterated an “overweight” rating on shares of Fermi in a research report on Wednesday, November 12th. Finally, Berenberg Bank initiated coverage on shares of Fermi in a research note on Monday, October 27th. They issued a “buy” rating and a $37.00 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 given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $31.56.

Check Out Our Latest Analysis on FRMI

Fermi Company Profile

(Get Free Report)

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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