Fermi Inc. (NASDAQ:FRMI – Get Free Report)’s stock price was up 11.1% during trading on Thursday . The stock traded as high as $16.66 and last traded at $16.29. Approximately 2,037,594 shares traded hands during mid-day trading, a decline of 61% from the average daily volume of 5,252,885 shares. The stock had previously closed at $14.66.
Wall Street Analyst Weigh In
FRMI has been the subject of a number of recent analyst reports. 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 target for the company. Macquarie restated an “outperform” rating and set a $35.00 target price on shares of Fermi in a research note on Wednesday, November 12th. Rothschild & Co Redburn initiated coverage on Fermi in a research note on Monday, October 27th. They issued a “buy” rating and a $31.00 price target on the stock. Zacks Research upgraded Fermi to a “hold” rating in a research report on Tuesday, October 28th. Finally, Evercore ISI set a $37.00 target price on shares of Fermi and gave the stock an “outperform” rating in a report on Monday, October 27th. Two 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 company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $31.56.
Read Our Latest Research Report on FRMI
Fermi Stock Up 6.1%
Fermi (NASDAQ:FRMI – Get Free Report) last issued its quarterly earnings data on Monday, November 10th. The company reported ($0.84) earnings per share (EPS) for the quarter.
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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