Fermi Inc. (NASDAQ:FRMI) Stock Has Consensus Target Price of $20.67 According to Brokerages

Key Points

• Analysts maintain a “Moderate Buy” consensus on Fermi, with seven buy ratings, two strong-buy ratings, three holds and one sell. The average 12-month price target is $20.67.
• Several firms recently cut their price targets substantially, including Stifel Nicolaus to $17 and Mizuho to $11, despite retaining positive ratings.
• Fermi shares opened at $3.43, near their 52-week low of $3.42, while the company reported a quarterly loss of $0.04 per share—better than the expected $0.06 loss. Its business centers on developing power generation and data-center infrastructure for high-demand computing.

Fermi Inc. (NASDAQ:FRMI - Get Free Report) has been assigned a consensus rating of "Moderate Buy" from the thirteen analysts that are covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell rating, three have given a hold rating, seven have issued a buy rating and two have issued a strong buy rating on the company. The average 12-month price objective among analysts that have covered the stock in the last year is $20.67.

A number of analysts have commented on the stock. Weiss Ratings lowered shares of Fermi from a "sell (d-)" rating to a "sell (e+)" rating in a research note on Friday, August 14th. Stifel Nicolaus lowered their price objective on shares of Fermi from $29.00 to $17.00 and set a "buy" rating on the stock in a report on Tuesday, June 23rd. Finally, Mizuho dropped their price objective on shares of Fermi from $27.00 to $11.00 and set an "outperform" rating on the stock in a research note on Tuesday, July 28th.

Fermi Stock Performance

FRMI stock opened at $3.43 on Monday. The stock's 50 day simple moving average is $5.24 and its 200 day simple moving average is $6.06. The company has a market cap of $2.20 billion and a P/E ratio of -2.91. Fermi has a fifty-two week low of $3.42 and a fifty-two week high of $32.39.

Fermi (NASDAQ:FRMI - Get Free Report) last issued its earnings results on Thursday, August 13th. The company reported ($0.04) earnings per share for the quarter, topping analysts' consensus estimates of ($0.06) by $0.02. During the same period last year, the business earned ($0.02) EPS. Equities analysts predict that Fermi will post -0.33 earnings per share for the current year.

Hedge Funds Weigh In On Fermi

A number of hedge funds have recently added to or reduced their stakes in the stock. Integrated Wealth Concepts LLC purchased a new stake in Fermi in the 2nd quarter valued at about $41,000. NewEdge Advisors LLC purchased a new position in shares of Fermi in the 1st quarter worth approximately $54,000. Farther Finance Advisors LLC boosted its stake in shares of Fermi by 139.1% in the 3rd quarter. Farther Finance Advisors LLC now owns 10,456 shares of the company's stock worth $44,000 after buying an additional 6,083 shares during the last quarter. Financial Management Professionals Inc. bought a new position in shares of Fermi in the second quarter valued at approximately $104,000. Finally, Byrne Asset Management LLC bought a new position in shares of Fermi in the second quarter valued at approximately $109,000.

Fermi Company Profile

Fermi Inc is an energy and infrastructure company focused on developing large-scale power generation and data center facilities. The company is pursuing an integrated model designed to provide reliable electricity for high-demand computing applications, including artificial intelligence and cloud infrastructure.

Its development activities center on the planned Fermi Nuclear Campus in the Texas Panhandle. The project is expected to combine nuclear power with other generation and energy technologies, potentially including natural gas, renewable energy and battery storage, alongside data center infrastructure.

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