Fermi Inc. (FRMI)Real Estate | REIT - Specialty | Amarillo, United States | NasdaqGS
6.31 USD
-0.28
(-4.249%) ⇩
(July 13, 2026, 4 p.m.
EDT)
|
Hot Take ↕ | July 11, 2026, 4:18 a.m. EDT
Fermi Inc. is in a severe distress phase, characterized by a catastrophic collapse in shareholder value and a complete lack of financial viability. The stock has plummeted from a high of nearly $37 to under $7, erasing roughly 80% of its value in a single year. Fundamentally, the company is bleeding cash, reporting negative operating cash flow and negative earnings, while simultaneously taking on massive debt to fund operations, resulting in a precarious balance sheet with a debt-to-equity ratio exceeding 43x. The recent pricing of $350 million in convertible notes was a desperate liquidity event that triggered an immediate 18% after-hours drop, signaling that the market views this as a dilutive lifeline rather than a strategic win. With no dividend to provide income and a multi-year trajectory of destruction, the investment case is non-existent. The options market confirms this pessimism, with traders piling into puts to protect against further ruin. This is a speculative vehicle for distressed debt recovery, not a viable equity investment. |
| Model | MAE |
|---|---|
| AutoETS ✓ | 0.153684 |
| MSTL | 0.158225 |
| AutoTheta | 0.357973 |
| AutoARIMA | 0.389147 |
Forecast horizon: 45 days | Selected: AutoETS
| Forecast Reliability | |
|---|---|
| Score | 28% |
| H-stat | 8.30 |
| Ljung-Box p | 0.000 |
| Jarque-Bera p | 0.171 |
| Excess Kurtosis | -0.55 |
| Attribute | Value |
|---|---|
| Sector | Real Estate |
| Debt to Equity Ratio | 43.367 |
| Market Cap | 4,026,305,792 |
| Forward P/E | 17.29 |
| Website | https://www.fermiamerica.com |
As of July 11, 2026, 4:18 a.m. EDT: Speculators are aggressively positioning for downside protection, evidenced by massive put volume and open interest relative to calls across nearly all expirations. The 'put/call' ratio is heavily skewed toward selling, with significant open interest walls established at strikes like $10, $12.50, and $15, suggesting a consensus expectation of further weakness or a floor test. While there is some call activity at lower strikes ($7-$8), the overwhelming capital flow is defensive, betting against the stock continuing its decline.
| Attribute | Value |
|---|---|
| 52 Week Change | -0.8060252 |
| Address1 | 620 S. Taylor St. |
| Address2 | Suite 301 |
| All Time High | 36.99 |
| All Time Low | 4.47 |
| Ask | 7.57 |
| Ask Size | 2 |
| Average Analyst Rating | 1.6 - Buy |
| Average Daily Volume10 Day | 18,991,900 |
| Average Daily Volume3 Month | 19,856,319 |
| Average Volume | 19,856,319 |
| Average Volume10Days | 18,991,900 |
| Bid | 5.78 |
| Bid Size | 2 |
| Book Value | 1.702 |
| City | Amarillo |
| Compensation As Of Epoch Date | 1,767,139,200 |
| Country | United States |
| Crypto Tradeable | 0 |
| Currency | USD |
| Current Price | 6.31 |
| Current Ratio | 1.274 |
| Custom Price Alert Confidence | HIGH |
| Date Short Interest | 1,782,777,600 |
| Day High | 6.7899 |
| Day Low | 6.0501 |
| Debt To Equity | 43.367 |
| Display Name | Fermi |
| Earnings Call Timestamp End | 1,778,763,600 |
| Earnings Call Timestamp Start | 1,778,763,600 |
| Earnings Timestamp | 1,778,761,800 |
| Earnings Timestamp End | 1,786,451,400 |
| Earnings Timestamp Start | 1,786,451,400 |
| Ebitda Margins | 0.0 |
| Enterprise Value | 4,280,602,368 |
| Eps Current Year | -0.33854 |
| Eps Forward | 0.36497 |
| Eps Trailing Twelve Months | -1.14 |
| Esg Populated | 0 |
| Exchange | NMS |
| Exchange Data Delayed By | 0 |
| Exchange Timezone Name | America/New_York |
| Exchange Timezone Short Name | EDT |
| Fifty Day Average | 6.8724 |
| Fifty Day Average Change | -0.56239986 |
| Fifty Day Average Change Percent | -0.08183457 |
| Fifty Two Week Change Percent | -80.60252 |
| Fifty Two Week High | 36.99 |
| Fifty Two Week High Change | -30.680002 |
| Fifty Two Week High Change Percent | -0.82941335 |
| Fifty Two Week Low | 4.47 |
| Fifty Two Week Low Change | 1.8400002 |
| Fifty Two Week Low Change Percent | 0.41163316 |
| Fifty Two Week Range | 4.47 - 36.99 |
| Financial Currency | USD |
| First Trade Date Milliseconds | 1,759,325,400,000 |
| Float Shares | 271,938,164 |
| Forward Eps | 0.36497 |
| Forward P E | 17.289093 |
| Full Exchange Name | NasdaqGS |
| Full Time Employees | 35 |
| Gmt Off Set Milliseconds | -14,400,000 |
| Gross Margins | 0.0 |
| Has Pre Post Market Data | 1 |
| Held Percent Insiders | 0.52545 |
| Held Percent Institutions | 0.11757 |
| Implied Shares Outstanding | 638,083,359 |
| Industry | REIT - Specialty |
| Industry Disp | REIT - Specialty |
| Industry Key | reit-specialty |
| Ipo Expected Date | 2,025-10-01 |
| Is Earnings Date Estimate | 1 |
| Language | en-US |
| Last Fiscal Year End | 1,767,139,200 |
| Long Business Summary | Fermi Inc. develops next-gen private electric grids that deliver highly redundant power at gigawatt scale to support next-gen intelligence and AI computing. Fermi Inc combines cutting-edge technology with a deep bench of proven world-class multi-disciplinary leaders with a combined 25 gigawatts of experience, to create the world's largest, up to 17 gigawatts next-gen private grid, helping ensure America's energy and AI dominance. The behind-the-meter Project Matador campus is expected to integrate the nation's biggest combined-cycle natural gas project, one of the largest clean, new nuclear power complexes in America, utility grid power, solar power, and battery energy storage, to support hyperscale AI and advanced computing. The company was founded and incorporated on January 10th, 2025 is headquartered in Amarillo, Texas, USA. |
| Long Name | Fermi Inc. |
| Market | us_market |
| Market Cap | 4,026,305,792 |
| Market State | PRE |
| Max Age | 86,400 |
| Message Board Id | finmb_1958809245 |
| Most Recent Quarter | 1,774,915,200 |
| Net Income To Common | -718,377,984 |
| Next Fiscal Year End | 1,798,675,200 |
| Non Diluted Market Cap | 4,029,496,412 |
| Number Of Analyst Opinions | 8 |
| Open | 6.52 |
| Operating Cashflow | -41,450,000 |
| Operating Margins | 0.0 |
| Payout Ratio | 0.0 |
| Phone | 214 894 7855 |
| Pre Market Change | -0.07000017 |
| Pre Market Change Percent | -1.109353 |
| Pre Market Price | 6.24 |
| Pre Market Time | 1,784,031,825 |
| Previous Close | 6.59 |
| Price Eps Current Year | -18.63886 |
| Price Hint | 2 |
| Price To Book | 3.707403 |
| Profit Margins | 0.0 |
| Quick Ratio | 0.861 |
| Quote Source Name | Nasdaq Real Time Price |
| Quote Type | EQUITY |
| Recommendation Key | buy |
| Recommendation Mean | 1.625 |
| Region | US |
| Regular Market Change | -0.28 |
| Regular Market Change Percent | -4.24887 |
| Regular Market Day High | 6.7899 |
| Regular Market Day Low | 6.0501 |
| Regular Market Day Range | 6.0501 - 6.7899 |
| Regular Market Open | 6.52 |
| Regular Market Previous Close | 6.59 |
| Regular Market Price | 6.31 |
| Regular Market Time | 1,783,972,801 |
| Regular Market Volume | 21,828,460 |
| Sand P52 Week Change | 0.20365608 |
| Sector | Real Estate |
| Sector Disp | Real Estate |
| Sector Key | real-estate |
| Shares Outstanding | 638,083,359 |
| Shares Percent Shares Out | 0.0531 |
| Shares Short | 33,855,568 |
| Shares Short Previous Month Date | 1,780,012,800 |
| Shares Short Prior Month | 30,150,829 |
| Short Name | Fermi Inc. |
| Short Percent Of Float | 0.069699995 |
| Short Ratio | 1.62 |
| Source Interval | 15 |
| State | TX |
| Symbol | FRMI |
| Target High Price | 35.0 |
| Target Low Price | 6.0 |
| Target Mean Price | 19.0 |
| Target Median Price | 17.5 |
| Total Cash | 207,500,992 |
| Total Cash Per Share | 0.325 |
| Total Debt | 465,009,984 |
| Tradeable | 0 |
| Trailing Annual Dividend Rate | 0.0 |
| Trailing Annual Dividend Yield | 0.0 |
| Trailing Eps | -1.14 |
| Trailing Peg Ratio | None |
| Triggerable | 1 |
| Two Hundred Day Average | 11.457897 |
| Two Hundred Day Average Change | -5.1478972 |
| Two Hundred Day Average Change Percent | -0.44928813 |
| Type Disp | Equity |
| Volume | 21,828,460 |
| Website | https://www.fermiamerica.com |
| Zip | 79,101 |