Fermi Inc. (NASDAQ:FRMI – Get Free Report) Director James Richard Perry sold 863,637 shares of the stock in a transaction dated Tuesday, June 30th. The shares were sold at an average price of $7.31, for a total transaction of $6,313,186.47. Following the transaction, the director owned 15,827,807 shares of the company’s stock, valued at approximately $115,701,269.17. The trade was a 5.17% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
Fermi Stock Performance
NASDAQ FRMI opened at $8.06 on Friday. The company has a market capitalization of $5.14 billion and a PE ratio of -7.07. Fermi Inc. has a 52-week low of $4.47 and a 52-week high of $36.99. The company has a 50-day simple moving average of $6.77 and a 200 day simple moving average of $7.68.
Fermi (NASDAQ:FRMI – Get Free Report) last released its earnings results on Thursday, May 14th. The company reported ($0.30) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.25). As a group, analysts forecast that Fermi Inc. will post 0.34 EPS for the current fiscal year.
Institutional Investors Weigh In On Fermi
Wall Street Analyst Weigh In
Several research firms recently commented on FRMI. Weiss Ratings reiterated a “sell (e+)” rating on shares of Fermi in a research note on Monday, March 23rd. Wall Street Zen downgraded Fermi from a “hold” rating to a “sell” rating in a research note on Sunday, May 10th. Cantor Fitzgerald initiated coverage on Fermi in a report on Thursday, April 9th. They issued an “overweight” rating and a $8.00 price objective for the company. Stifel Nicolaus lowered their price objective on Fermi from $29.00 to $17.00 and set a “buy” rating on the stock in a research note on Tuesday, June 23rd. Finally, UBS Group downgraded shares of Fermi from a “buy” rating to a “neutral” rating and set a $6.00 price objective on the stock. in a report on Tuesday, May 5th. Two research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $22.44.
View Our Latest Stock Report on FRMI
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. 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.
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