Fermi (NASDAQ:FRMI) Trading Down 4.3% – What’s Next?

Posted by Brian Himes on Jun 11th, 2026

Fermi Inc. (NASDAQ:FRMI – Get Free Report)’s stock price fell 4.3% on Thursday . The stock traded as low as $6.48 and last traded at $6.5960. 5,080,176 shares traded hands during mid-day trading, a decline of 59% from the average session volume of 12,366,361 shares. The stock had previously closed at $6.89.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on FRMI. Evercore downgraded shares of Fermi from an “outperform” rating to an “in-line” rating and set a $11.00 price target on the stock. in a research note on Friday, May 15th. Cantor Fitzgerald initiated coverage on shares of Fermi in a research note on Thursday, April 9th. They issued an “overweight” rating and a $8.00 price target on the stock. UBS Group cut shares of Fermi from a “buy” rating to a “neutral” rating and set a $6.00 price objective for the company. in a research report on Tuesday, May 5th. Wall Street Zen cut shares of Fermi from a “hold” rating to a “sell” rating in a research report on Sunday, May 10th. Finally, Weiss Ratings restated a “sell (e+)” rating on shares of Fermi in a research report on Monday, March 23rd. Two analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $23.78.

View Our Latest Research Report on Fermi

Fermi Stock Down 2.1%

The stock has a market capitalization of $4.30 billion and a price-to-earnings ratio of -5.98. The company’s 50-day moving average is $5.78 and its 200-day moving average is $8.41.

Fermi (NASDAQ:FRMI – Get Free Report) last released its quarterly earnings data on Thursday, May 14th. The company reported ($0.30) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.05) by ($0.25). Sell-side analysts anticipate that Fermi Inc. will post 0.4 EPS for the current year.

Insider Buying and Selling at Fermi

In other Fermi news, major shareholder Griffin Perry sold 2,000,000 shares of Fermi stock in a transaction dated Tuesday, March 31st. The shares were sold at an average price of $5.54, for a total transaction of $11,080,000.00. Following the completion of the sale, the insider directly owned 60,946,450 shares in the company, valued at $337,643,333. This trade represents a 3.18% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Mesut Uzman sold 79,509 shares of Fermi stock in a transaction dated Wednesday, June 3rd. The shares were sold at an average price of $6.31, for a total transaction of $501,701.79. Following the sale, the insider owned 670,491 shares of the company’s stock, valued at approximately $4,230,798.21. This represents a 10.60% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 13,593,748 shares of company stock valued at $68,803,933.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Weiss Asset Management LP grew its holdings in shares of Fermi by 431.6% in the first quarter. Weiss Asset Management LP now owns 2,415,027 shares of the company’s stock valued at $14,104,000 after purchasing an additional 1,960,764 shares in the last quarter. Balyasny Asset Management L.P. acquired a new position in shares of Fermi in the fourth quarter valued at approximately $16,549,000. M&G PLC acquired a new position in shares of Fermi in the fourth quarter valued at approximately $14,443,000. Renaissance Technologies LLC grew its holdings in shares of Fermi by 311.3% in the first quarter. Renaissance Technologies LLC now owns 1,403,700 shares of the company’s stock valued at $8,198,000 after purchasing an additional 1,062,400 shares in the last quarter. Finally, Nuveen LLC acquired a new position in shares of Fermi in the fourth quarter valued at approximately $11,067,000.

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. We have entered into a long-term lease on a site large enough to simultaneously house the next three largest data center campuses by square footage currently in existence.