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Fermi (NASDAQ:FRMI) Shares Gap Up – Time to Buy?
['Danessa Lincoln']
Markets Daily
Fermi shares last traded at $7.19, with a volume of 15,653,336 shares traded.
Key Fermi NewsHere are the key news stories impacting Fermi this week:Get Fermi alerts:Positive Sentiment: Fermi signed a binding lease with TensorWave subsidiary TensorWave TEX1 for a data center supported by 222 megawatts of power.
Weiss Ratings restated a “sell (d-)” rating on shares of Fermi in a report on Thursday, July 2nd.
UBS Group cut shares of Fermi from a “buy” rating to a “neutral” rating and set a $6.00 price target on the stock.
Fermi Stock Up 22.0%The company has a market capitalization of $4.57 billion and a P/E ratio of -6.36.