Fermi (NASDAQ:FRMI) Shares Down 6.8% – Time to Sell?

by · The Markets Daily

Fermi Inc. (NASDAQ:FRMI – Get Free Report) was down 6.8% during mid-day trading on Wednesday . The company traded as low as $15.06 and last traded at $15.06. Approximately 595,122 shares traded hands during mid-day trading, a decline of 88% from the average daily volume of 5,064,016 shares. The stock had previously closed at $16.16.

Wall Street Analyst Weigh In

Several research analysts have commented on FRMI shares. Mizuho started coverage on Fermi in a report on Monday, October 27th. They set an “outperform” rating and a $27.00 price objective on the stock. Zacks Research raised Fermi to a “hold” rating in a research report on Tuesday, October 28th. Cantor Fitzgerald restated an “overweight” rating on shares of Fermi in a research note on Wednesday, November 12th. Redburn Partners set a $31.00 price objective on shares of Fermi in a research note on Monday, October 27th. Finally, Berenberg Bank started coverage on shares of Fermi in a report on Monday, October 27th. They set a “buy” rating and a $37.00 target price on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Buy” and an average price target of $31.56.

View Our Latest Stock Report on Fermi

Fermi Stock Down 33.8%

The business’s 50-day moving average price is $21.85.

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

About Fermi

(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.

Featured Stories