Fermi Inc. (NASDAQ:FRMI - Get Free Report)'s share price hit a new 52-week low on Friday . The stock traded as low as $16.30 and last traded at $18.29, with a volume of 5201033 shares. The stock had previously closed at $17.50.
Analysts Set New Price Targets
Several research analysts recently issued reports on FRMI shares. Rothschild & Co Redburn assumed coverage on Fermi in a research report on Monday, October 27th. They set a "buy" rating and a $31.00 target price for the company. Cantor Fitzgerald reissued an "overweight" rating on shares of Fermi in a research note on Wednesday. Macquarie reaffirmed an "outperform" rating and issued a $35.00 price objective on shares of Fermi in a research note on Wednesday. Redburn Partners set a $31.00 target price on Fermi in a report on Monday, October 27th. Finally, Evercore ISI set a $37.00 target price on shares of Fermi and gave the company an "outperform" rating in a research report on Monday, October 27th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Buy" and an average price target of $31.56.
Get Our Latest Stock Report on FRMI
Fermi Price Performance
Fermi (NASDAQ:FRMI - Get Free Report) last posted its quarterly earnings results on Monday, November 10th. The company reported ($0.84) EPS for the quarter.
About Fermi
(
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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.
Further Reading
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