Fermi (FRMI) Stock Analysis & Price (Updated Oct 16, 2026, 4:00 PM ET)
Updated Oct 16, 2026, 4:00 PM ET
FRMI slides 6.9% to $3.16 on 2.1x normal volume. Closed at $3.16, -6.92% vs the prior close of $3.39. Day range $3.11–$3.38, opened at $3.27.
FRMI daily analysis — what happened
A plain-English, data-only note written after every US trading day. Newest first; older days stay archived below.
Oct 16, 2026 — FRMI slides 6.9% to $3.16 on 2.1x normal volume
- Closed at $3.16, -6.92% vs the prior close of $3.39. Day range $3.11–$3.38, opened at $3.27.
- Volume was 41.13M shares, 2.1x its 50-day average of 19.60M — unusually heavy trading.
- Price is -36.5% vs its 50-day average ($4.98) and -53.4% vs its 200-day average ($6.79).
- 52-week range $3.00–$31.47; today's close sits at 1% of that range, 90.0% below the 52-week high.
Oct 15, 2026 — FRMI jumps 7.4% to $3.39
- Closed at $3.39, +7.44% vs the prior close of $3.16. Day range $3.00–$3.46, opened at $3.08.
- Volume was 21.72M shares, 1.1x its 50-day average of 19.42M.
- Price is -32.6% vs its 50-day average ($5.04) and -50.2% vs its 200-day average ($6.81).
- 52-week range $3.00–$31.47; today's close sits at 1% of that range, 89.2% below the 52-week high.
Oct 14, 2026 — FRMI slides 15.1% to $3.16, a 52-week low
- Closed at $3.16, -15.05% vs the prior close of $3.72. Day range $3.09–$3.64, opened at $3.56.
- Volume was 28.54M shares, 1.5x its 50-day average of 19.14M.
- Price is -38.0% vs its 50-day average ($5.10) and -53.7% vs its 200-day average ($6.83).
- 52-week range $3.09–$31.47; today's close sits at 0% of that range, 90.0% below the 52-week high.
- SEC filings that day: 8-K.
Oct 13, 2026 — FRMI jumps 14.5% to $3.72 on 4.9x normal volume
- Closed at $3.72, +14.46% vs the prior close of $3.25. Day range $3.48–$4.07, opened at $3.64.
- Volume was 87.53M shares, 4.9x its 50-day average of 17.85M — unusually heavy trading.
- Price is -27.9% vs its 50-day average ($5.16) and -45.7% vs its 200-day average ($6.85).
- 52-week range $3.20–$32.39; today's close sits at 2% of that range, 88.5% below the 52-week high.
Oct 12, 2026 — FRMI slides 5.2% to $3.25, a 52-week low, 4 down days in a row
- Closed at $3.25, -5.25% vs the prior close of $3.43. Day range $3.20–$3.39, opened at $3.39.
- Volume was 15.85M shares, 0.9x its 50-day average of 18.05M.
- Price is -37.6% vs its 50-day average ($5.20) and -52.7% vs its 200-day average ($6.87).
- 52-week range $3.20–$32.39; today's close sits at 0% of that range, 90.0% below the 52-week high.
- That makes 4 straight losses.
Oct 9, 2026 — FRMI slides 6.3% to $3.43, a 52-week low, 3 down days in a row
- Closed at $3.43, -6.28% vs the prior close of $3.66. Day range $3.42–$3.74, opened at $3.69.
- Volume was 13.94M shares, 0.8x its 50-day average of 18.14M.
- Price is -34.7% vs its 50-day average ($5.25) and -50.3% vs its 200-day average ($6.90).
- 52-week range $3.42–$32.39; today's close sits at 0% of that range, 89.4% below the 52-week high.
- That makes 3 straight losses.
Oct 8, 2026 — FRMI slides 7.8% to $3.66, a 52-week low
- Closed at $3.66, -7.81% vs the prior close of $3.97. Day range $3.42–$3.91, opened at $3.91.
- Volume was 24.75M shares, 1.4x its 50-day average of 17.91M.
- Price is -31.2% vs its 50-day average ($5.32) and -47.2% vs its 200-day average ($6.93).
- 52-week range $3.42–$32.39; today's close sits at 1% of that range, 88.7% below the 52-week high.
Oct 7, 2026 — FRMI slides 6.1% to $3.97, a 52-week low
- Closed at $3.97, -6.15% vs the prior close of $4.23. Day range $3.95–$4.12, opened at $4.11.
- Volume was 11.11M shares, 0.6x its 50-day average of 18.12M.
- Price is -26.0% vs its 50-day average ($5.36) and -42.9% vs its 200-day average ($6.95).
- 52-week range $3.92–$32.39; today's close sits at 0% of that range, 87.7% below the 52-week high.
Oct 6, 2026 — FRMI jumps 4.2% to $4.23
- Closed at $4.23, +4.19% vs the prior close of $4.06. Day range $4.10–$4.25, opened at $4.14.
- Volume was 11.97M shares, 0.7x its 50-day average of 18.20M.
- Price is -21.8% vs its 50-day average ($5.41) and -39.3% vs its 200-day average ($6.97).
- 52-week range $3.92–$32.39; today's close sits at 1% of that range, 86.9% below the 52-week high.
Oct 5, 2026 — FRMI rises 0.7% to $4.06
- Closed at $4.06, +0.74% vs the prior close of $4.03. Day range $3.93–$4.09, opened at $4.03.
- Volume was 13.34M shares, 0.7x its 50-day average of 18.74M.
- Price is -25.8% vs its 50-day average ($5.47) and -42.0% vs its 200-day average ($7.00).
- 52-week range $3.92–$32.39; today's close sits at 0% of that range, 87.5% below the 52-week high.
Oct 2, 2026 — FRMI dips 0.5% to $4.03, a 52-week low, 3 down days in a row
- Closed at $4.03, -0.49% vs the prior close of $4.05. Day range $4.00–$4.26, opened at $4.14.
- Volume was 12.54M shares, 0.7x its 50-day average of 18.65M.
- Price is -27.2% vs its 50-day average ($5.54) and -42.6% vs its 200-day average ($7.02).
- 52-week range $3.92–$36.99; today's close sits at 0% of that range, 89.1% below the 52-week high.
- That makes 3 straight losses.
- SEC filings that day: DEF 14A.
FRMI latest news & SEC filings
Every SEC filing by or about FRMI in the last 120 days, explained in plain English. Updated daily, with a same-day refresh for new filings.
Oct 16, 2026 · Form 8-K — Major event / current report
Current report — a filing companies must make within 4 business days of a major event
- Item 8.01 — Reported other events the company considers important.
Oct 15, 2026 · Form 4 — Insider trade
Insider trade report (Form 4) — a director, officer or 10%+ owner changed their holdings
- Neugebauer Toby R & Melissa A. Neugebauer 2020 Trust sold 2,750,000 shares at $3.73 (≈$10.27M) on Oct 13, 2026; now holds 91,609,659
- Neugebauer Toby R & Melissa A. Neugebauer 2020 Trust sold 1,297,200 shares at $3.15 (≈$4.09M) on Oct 14, 2026; now holds 43,359,176
Open-market purchases (P) and sales (S) are shown in colour; awards, exercises and tax withholding are routine pay-related moves. Many sales are pre-planned under 10b5-1 plans.
Oct 14, 2026 · Form 144 — Planned insider sale
Notice of proposed sale (Form 144) — an insider or affiliate plans to sell restricted or control shares
A notice of intent, not a completed sale. Any actual sale by a director or officer shows up later on Form 4.
Oct 14, 2026 · Form 8-K — Major event / current report
Current report — a filing companies must make within 4 business days of a major event
- Item 7.01 — Released information under Regulation FD (e.g. a presentation or press release).
Oct 13, 2026 · Form 144 — Planned insider sale
Notice of proposed sale (Form 144) — an insider or affiliate plans to sell restricted or control shares
A notice of intent, not a completed sale. Any actual sale by a director or officer shows up later on Form 4.
Oct 2, 2026 · Form ARS — Annual report to shareholders
Annual report to shareholders
Oct 2, 2026 · Form DEF 14A — Proxy statement
Proxy statement — agenda for the shareholder meeting (board elections, executive pay, votes)
Sep 11, 2026 · Form PX14A6G — PX14A6G filing
PX14A6G filing
Sep 2, 2026 · Form 3 — New insider holdings
Initial insider ownership statement (Form 3) — a new director, officer or 10% owner disclosed their holdings
Aug 31, 2026 · Form 8-K — Major event / current report
Current report — a filing companies must make within 4 business days of a major event
- Item 5.08 — Set shareholder nomination dates.
- Item 8.01 — Reported other events the company considers important.
Aug 27, 2026 · Form 4 — Insider trade
Insider trade report (Form 4) — a director, officer or 10%+ owner changed their holdings
Insider holdings update with no common-stock transactions in the table (often options or derivative awards only).
Aug 18, 2026 · Form 4 — Insider trade
Insider trade report (Form 4) — a director, officer or 10%+ owner changed their holdings
Insider holdings update with no common-stock transactions in the table (often options or derivative awards only).
Aug 14, 2026 · Form 10-Q — Quarterly report
Quarterly report (unaudited financial statements for the quarter)
Quarter ended Jun 30, 2026:
- Net income: -$25.81M (prior year -$6.29M) (loss widened vs Jun 30, 2025)
- Diluted EPS: -$0.04 (prior year -$0.02) (loss widened vs Jun 30, 2025)
Aug 14, 2026 · Form SCHEDULE 13G/A — Update to a passive 5%+ stake (13G)
Update to a passive 5%+ stake (13G)
Filed by an outside investor (not the company). It reports a holding of more than 5% of a share class; percentage and holder name are in the filing.
Aug 14, 2026 · Form 8-K — Major event / current report
Current report — a filing companies must make within 4 business days of a major event
- Item 5.02 — Change in directors or officers (appointment, departure or pay).
Things to know before you trade FRMI
- Last results release: Aug 13, 2026 (8-K Item 2.02). Previous ones: May 14, 2026, Mar 30, 2026, Nov 10, 2025. Based on that rhythm, the next report is likely around Nov 12, 2026 — an estimate, not a confirmed date.
- How much it moves: over the last 20 sessions the average daily move was 5.11% (largest 15.1%). That is a volatile stock.
- Liquidity: about 21.50M shares (≈$67.95M) trade per day on average.
- 52-week position: $3.16 vs a range of $3.00–$31.47 (1% of the range).
- Dividends: no cash dividends in the last 2 years.
- Splits: none in the last 2 years.
- Insider trades (Form 4, last 12 months, recent 25 shown): 0 open-market buys, 25 sales; latest: James Richard Perry sold 863,637 shares on Jun 30, 2026.
- Latest filings: 8-K Oct 16, 2026; 8-K Oct 14, 2026; 8-K Aug 31, 2026.
- Listing: Nasdaq · industry: Real Estate Investment Trusts.
FRMI market data (last 20 sessions)
| Date | Open | High | Low | Close | Volume |
|---|---|---|---|---|---|
| Oct 16, 2026 | 3.27 | 3.38 | 3.11 | 3.16 | 41.13M |
| Oct 15, 2026 | 3.08 | 3.46 | 3.00 | 3.39 | 21.75M |
| Oct 14, 2026 | 3.56 | 3.64 | 3.09 | 3.16 | 28.54M |
| Oct 13, 2026 | 3.64 | 4.07 | 3.48 | 3.72 | 87.53M |
| Oct 12, 2026 | 3.39 | 3.39 | 3.20 | 3.25 | 15.85M |
| Oct 9, 2026 | 3.69 | 3.74 | 3.42 | 3.43 | 13.94M |
| Oct 8, 2026 | 3.91 | 3.91 | 3.42 | 3.66 | 24.75M |
| Oct 7, 2026 | 4.11 | 4.12 | 3.95 | 3.97 | 11.11M |
| Oct 6, 2026 | 4.14 | 4.25 | 4.10 | 4.23 | 11.97M |
| Oct 5, 2026 | 4.03 | 4.09 | 3.93 | 4.06 | 13.34M |
| Oct 2, 2026 | 4.14 | 4.26 | 4.00 | 4.03 | 12.54M |
| Oct 1, 2026 | 4.20 | 4.21 | 3.92 | 4.05 | 24.44M |
| Sep 30, 2026 | 4.33 | 4.44 | 4.14 | 4.21 | 16.56M |
| Sep 29, 2026 | 4.30 | 4.42 | 4.20 | 4.28 | 15.75M |
| Sep 28, 2026 | 4.45 | 4.53 | 4.23 | 4.26 | 13.24M |
| Sep 25, 2026 | 4.60 | 4.63 | 4.43 | 4.52 | 17.01M |
| Sep 24, 2026 | 4.76 | 4.81 | 4.43 | 4.55 | 19.39M |
| Sep 23, 2026 | 5.03 | 5.09 | 4.81 | 4.82 | 13.51M |
| Sep 22, 2026 | 5.05 | 5.23 | 5.01 | 5.14 | 12.49M |
| Sep 21, 2026 | 5.16 | 5.21 | 5.02 | 5.06 | 15.21M |
About Fermi
Fermi (FRMI) is listed on the Nasdaq and classified by the SEC under “Real Estate Investment Trusts”. Its business address is in DALLAS, TX. State of incorporation: TX. Fiscal year ends December 31. SEC CIK 2071778.
FRMI board of directors & executives
From SEC Form 3/4/5 insider filings made in the last 12 months (date = latest filing).
Directors
| Name | Role | Latest filing |
|---|---|---|
| Miles E. Everson | Director | Jun 3, 2026 |
| Marius Haas | Director | Jun 3, 2026 |
| Lawrence M. Kellerman | Chief Power Officer | Jun 3, 2026 |
| Lee A Mcintire | Chief Executive Officer | Aug 18, 2026 |
| Toby R Neugebauer | President, CEO | Oct 2, 2025 |
| James Richard Perry | Director | Jul 2, 2026 |
| Cordel Robbin-Coker | Director | Jun 3, 2026 |
| Jeffrey Scott Stein | Director | Jun 3, 2026 |
Executive officers
| Name | Title | Latest filing |
|---|---|---|
| Anna Bofa | Chief Commercial Officer | Sep 2, 2026 |
| Charles Lynn Hamilton | Chief Site Development Officer | Apr 10, 2026 |
| Lawrence M. Kellerman | Chief Power Officer | Jun 3, 2026 |
| Lee A Mcintire | Chief Executive Officer | Aug 18, 2026 |
| Toby R Neugebauer | President, CEO | Oct 2, 2025 |
| Blanes Jacobo Ortiz | Chief Operating Officer | Aug 27, 2026 |
| Mesut Uzman | Chief Nuclear Constr. Officer | Jun 4, 2026 |
Recent insider buys & sales
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Jun 30, 2026 | James Richard Perry | Sale | 863,637 | $7.31 |
| Jun 30, 2026 | James Richard Perry | Sale | 863,637 | $7.31 |
| Jun 30, 2026 | James Richard Perry | Sale | 863,637 | $7.31 |
| Jun 30, 2026 | James Richard Perry | Sale | 863,637 | $7.31 |
| Jun 3, 2026 | Mesut Uzman | Sale | 79,509 | $6.31 |
| Jun 3, 2026 | Mesut Uzman | Sale | 79,032 | $6.31 |
| Jun 3, 2026 | Mesut Uzman | Sale | 79,509 | $6.31 |
| Jun 3, 2026 | Mesut Uzman | Sale | 79,032 | $6.31 |
| Jun 3, 2026 | Mesut Uzman | Sale | 79,509 | $6.31 |
| Jun 3, 2026 | Mesut Uzman | Sale | 79,032 | $6.31 |
| Jun 3, 2026 | Mesut Uzman | Sale | 79,509 | $6.31 |
| Jun 3, 2026 | Mesut Uzman | Sale | 79,032 | $6.31 |
| Apr 9, 2026 | Charles Lynn Hamilton | Sale | 398,140 | $4.58 |
| Apr 9, 2026 | Charles Lynn Hamilton | Sale | 398,140 | $4.58 |
| Apr 9, 2026 | Charles Lynn Hamilton | Sale | 398,140 | $4.58 |
FRMI financials (annual, from XBRL filings)
| Fiscal year end | Revenue | Net income | Diluted EPS | Operating cash flow |
|---|---|---|---|---|
| Dec 31, 2025 | — | $-486.38M | -1.13 | $-34.15M |
Latest balance sheet: total assets $1.76B, total liabilities $731.48M, cash $62.54M (as of Jun 30, 2026).
FRMI earnings / results-day log
| Date | Filing | Close that day |
|---|---|---|
| Aug 13, 2026 | 8-K Item 2.02 (results) | $6.60 |
| May 14, 2026 | 8-K Item 2.02 (results) | $7.37 |
| Mar 30, 2026 | 8-K Item 2.02 (results) | $5.36 |
| Nov 10, 2025 | 8-K Item 2.02 (results) | $25.31 |
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Information only, not investment advice. BuyMeWhiskey is not a registered investment adviser or broker-dealer; nothing here is a recommendation to buy, sell or hold any security, and there are no price targets. Data comes from SEC EDGAR filings and public end-of-day market data and may be delayed or contain errors. Verify with the company's filings before making decisions. Prices: end-of-day data as of Oct 16, 2026, 4:00 PM ET. Filings: SEC EDGAR. Updated after every US trading day.