FRMI · NASDAQ · STOCK
Fermi Inc. Common Stock (FRMI) Analysis
$3.42
52W $3.42 – $32.39
58/100
$2.19B
-2.5
2.15
Is FRMI Bullish or Bearish?
Bullish.
Innellis AI committee rates Fermi Inc. Common Stock (FRMI) Buy with a composite score of 58/100
, based on 6 analysts with 67% agreement.
Last updated October 10, 2026.
What Would Change This View
- Upgrade to Strong Buy
- Requires a committee score of 75.0 — +16.74 from today. Applies on the first day at or above the line; upgrades are never dampened.
- Downgrade to Watch
- Requires the score to fall below 55.0 — -3.26 from today. The band boundary is 60.0, but a one-step downgrade must clear a further margin first. A score oscillating around the line should not change the rating every night.
Executive Summary
The committee is genuinely divided. Growth Analyst sees a compelling case — quarter-over-quarter growth rate is accelerating, not just positive. Portfolio Manager remains cautious — sector concentration is already high (hhi 2796.97). This disagreement is itself the signal — the setup is not clean in either direction.
Bull & Bear Case
Bull Case
- Quarter-over-quarter growth rate is ACCELERATING, not just positive — Growth
- Weekly trend (downtrend) confirms the daily trend -- multi-timeframe agreement — Technical
- Low leverage (debt-to-equity 0.10) -- balance sheet can absorb a shock — Risk
Bear Case
- Price-to-book of 4.5x prices in significant intangible value — Value
- ROE of only -79.3% -- cheap may mean cheap for a reason — Value
- Price structure making lower highs and lower lows — Technical
- RSI at 18 is in oversold territory (could mean either capitulation or a bounce setup) — Technical
- MACD histogram negative -- bearish momentum — Technical
- Price trading below the lower Bollinger Band -- stretched to the downside — Technical
Both cases are generated from quantitative data signals, not qualitative or
forward-looking judgement. They summarise what the numbers say today.
Price History (6M)
AI Investment Committee
Committee Consensus
As of October 10, 2026
Overall Committee Score
58/100
Agreement
67%
Analysts
6
Conviction
Contested
Sector Rank
Top 16%
of 80 Real Estate peers
Value Analyst
neutral
43
/ 100 · Moderate confidence
Fair value -- neither a bargain nor obviously overpriced
− Price-to-book of 4.5x prices in significant intangible value
Growth Analyst
bullish
85
/ 100 · Low confidence
Strong, accelerating growth with consistent execution
+ Quarter-over-quarter growth rate is ACCELERATING, not just positive
Technical Analyst
neutral
41
/ 100 · High confidence
Mixed or range-bound price action
+ Weekly trend (downtrend) confirms the daily trend -- multi-timeframe agreement
− Price structure making lower highs and lower lows
Risk Analyst
neutral
58
/ 100 · Moderate confidence
Moderate risk -- no single red flag, but nothing that clearly de-risks the position either
+ Low leverage (debt-to-equity 0.10) -- balance sheet can absorb a shock
− Bollinger bandwidth of 44.4% signals elevated volatility
Macro Analyst
bullish
65
/ 100 · Low confidence
Macro backdrop is supportive of risk assets generally, and this name's beta works in its favor
News Analyst
neutral
58
/ 100 · Low confidence
News flow is mixed or quiet -- no strong signal either way right now
Portfolio Manager
bearish
30
/ 100 · Moderate confidence
The existing book itself argues for caution here, independent of how good this specific stock looks
− Sector concentration is already high (HHI 2796.97)
Investment Thesis Evolution
Committee score moved marginally from 58.3 to 58.3.
- New bearish signals: 3 appeared.
- Bearish pressure eased: 2 signal(s) disappeared.
Analyst-level changes:
- Risk Analyst: +1 bearish signal(s).
- Technical Analyst: +2 bearish signal(s).
Comparing 2026-10-09 to 2026-10-10 (1 day apart).
Technical Analysis
RSI (14)
17.7
Oversold
MACD Histogram
-0.055
Bearish Momentum
Trend Direction
Downtrend
Weekly: Downtrend
Market Structure
Mixed
Bollinger %B
-0.01
Below Lower Band
Price vs Moving Averages
EMA 9
$3.97
Below
EMA 21
$4.40
Below
EMA 50
$5.11
Below
EMA 200
$9.06
Below
Fundamental Analysis
Valuation
97
Growth
48
Profitability
0
Financial Health
50
Cash Flow
15
Valuation
P/E Ratio
-2.5×
P/B Ratio
2.12×
PEG Ratio
0.00
Dividend Yield
0.00%
52W High
$32.39
52W Low
$3.42
Quality & Growth
ROE
-4438.3%
ROA
-3441.4%
Gross Margin
0.0%
Operating Margin
0.0%
Revenue Growth YoY
—
Debt / Equity
0.00
AI Fundamental Assessment
P/E ratio of -2.5 (inexpensive relative to a 15-40x range); Price-to-book of 2.1x; PEG ratio of 0.0 (under 1.0 suggests growth is undervalued relative to price); Return on equity of -44.4%; Return on assets of -34.4%; Net margin of 0.0%; Gross margin of 0.0%; Current ratio of 0.00 (tight short-term liquidity); Debt-to-equity of 0.00; Free cash flow per share is negative (-1.85); Most recent quarter beat estimates by 44.8%; EPS growth accelerating (-44.4% -> +84.6% QoQ); Analyst estimates falling over recent quarters
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