Fermi Inc. (NASDAQ:FRMI – Get Free Report)’s share price was down 7.6% during mid-day trading on Wednesday . The company traded as low as $16.85 and last traded at $16.97. Approximately 872,415 shares were traded during trading, a decline of 84% from the average daily volume of 5,513,438 shares. The stock had previously closed at $18.36.
Analyst Ratings Changes
A number of equities research analysts have recently weighed in on the stock. Berenberg Bank started coverage on shares of Fermi in a report on Monday, October 27th. They set a “buy” rating and a $37.00 price objective on the stock. UBS Group assumed coverage on Fermi in a research report on Monday, October 27th. They set a “buy” rating and a $30.00 price target for the company. Macquarie reissued an “outperform” rating and issued a $35.00 price objective on shares of Fermi in a report on Wednesday, November 12th. Evercore ISI set a $37.00 price objective on Fermi and gave the stock an “outperform” rating in a research note on Monday, October 27th. Finally, Redburn Partners set a $31.00 target price on Fermi in a research report on Monday, October 27th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, Fermi currently has a consensus rating of “Buy” and a consensus price target of $31.56.
Check Out Our Latest Stock Report on FRMI
Fermi Stock Down 6.9%
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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