Investors Buy Large Volume of Fermi Call Options (NASDAQ:FRMI)

Fermi Inc. (NASDAQ:FRMI) was the recipient of unusually large options trading on Friday. Stock investors bought 18,912 call options on the stock. This is an increase of approximately 201% compared to the typical volume of 6,285 call options.

Fermi Price Performance

NASDAQ:FRMI opened at $10.09 on Friday. Fermi has a fifty-two week low of $8.30 and a fifty-two week high of $36.99. The firm’s 50 day moving average price is $21.48.

Fermi (NASDAQ:FRMI) last posted its quarterly earnings data on Monday, November 10th. The company reported ($0.84) EPS for the quarter.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Zacks Research raised shares of Fermi to a “hold” rating in a report on Tuesday, October 28th. UBS Group initiated coverage on shares of Fermi in a research note on Monday, October 27th. They set a “buy” rating and a $30.00 target price on the stock. Stifel Nicolaus assumed coverage on Fermi in a research note on Monday, October 27th. They issued a “buy” rating and a $29.00 price target for the company. Berenberg Bank assumed coverage on Fermi in a report on Monday, October 27th. They set a “buy” rating and a $37.00 price objective on the stock. Finally, Mizuho started coverage on Fermi in a report on Monday, October 27th. They issued an “outperform” rating and a $27.00 target price for the company. Two investment 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 stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $31.56.

About Fermi

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.