Fermi Inc. (NASDAQ:FRMI) Receives Average Rating of “Buy” from Analysts

Shares of Fermi Inc. (NASDAQ:FRMI) have been given an average rating of “Buy” by the thirteen analysts that are currently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell rating, one has given a hold rating, eight have given a buy rating and three have assigned a strong buy rating to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $31.4444.

A number of brokerages have issued reports on FRMI. Citizens Jmp initiated coverage on shares of Fermi in a report on Monday, February 9th. They issued a “market outperform” rating and a $30.00 price target on the stock. Citigroup began coverage on shares of Fermi in a report on Monday, February 9th. They set an “outperform” rating for the company. Wall Street Zen upgraded Fermi from a “sell” rating to a “hold” rating in a research report on Sunday, March 8th. Texas Capital raised Fermi to a “strong-buy” rating in a report on Tuesday, January 20th. Finally, Weiss Ratings reiterated a “sell (e+)” rating on shares of Fermi in a research report on Monday.

Fermi Stock Performance

Fermi stock opened at $6.66 on Thursday. Fermi has a 1 year low of $6.64 and a 1 year high of $36.99. The firm’s 50 day moving average is $8.94. The company has a market capitalization of $4.09 billion and a PE ratio of -7.93.

Institutional Trading of Fermi

Several hedge funds have recently modified their holdings of FRMI. MIdWestOne Financial Group Inc. purchased a new position in shares of Fermi in the fourth quarter valued at $4,364,000. Leonteq Securities AG purchased a new stake in Fermi during the fourth quarter valued at $30,000. Axxcess Wealth Management LLC bought a new position in Fermi during the fourth quarter valued at $604,000. ANTIPODES PARTNERS Ltd purchased a new position in shares of Fermi in the 4th quarter worth $465,000. Finally, Empire Life Investments Inc. bought a new stake in shares of Fermi in the 4th quarter worth about $5,611,000.

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.