Fermi Inc (FRMI)
NASDAQReal EstateReit - SpecialtySnapshot 2026-11-04
$1.82-10.78%
Close 2026-11-04 · 1-day change
NASDAQReal EstateReit - SpecialtySnapshot 2026-11-04
QuarterlyIQ Insights · FRMI
What must go right, what could break, what the price assumes, and what evidence comes next.
The current health of the standing investment case.
Recent financial performance sits well below its industry cohort — worth keeping an eye on, though it has not freshly broken.
One-year growth currently built into the price, compared with our model's estimate.
| Measure | Marker shape | Value |
|---|---|---|
| Growth built into the price | circle | -50.0% |
| Our one-year growth estimate | diamond | Not available |
Growth built into the price is above our model estimate.
For each item: what to watch, what would become a concern, and what would make it less concerning.
A reporting-risk estimate, not a forecast of the stock-price response.
Historical relationships that met the evidence threshold. They do not prove cause or forecast a move.
Usually moved in the same direction.
Price observations: 275 days
Most sensitive to the broad stock market.
Based on historical daily prices through 2026-11-04.
Past price behavior in dollars on a $10,000 position. This does not measure permanent business risk.
How much price usually moves either way.
Use the underlying financial and sector pages to investigate the cause.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
A comparable growth gap is not available.
The one-year revenue growth assumption on Valuation.
Worth watching into the next print: this name has been missing across recent quarters and has erratic recent earnings surprises. A fundamental tilt, not a price call.
Model as of 2026-11-04 · Compared with 8 industry peers
FRMI — CEO transition
Dated 2026-08-14
CEO — Lee McIntire: The filing discloses the appointment of a sitting director as CEO, which is an internal promotion rather than a departure of an existing executive.
Why it matters: Fermi has cut its losses in recent quarters, but it still reports losses. The next results test that trend.
Watch forNov. 12 results show operating income above -$26.8M and net loss below $25.8M.
Also watch forNov. 12 results show operating income at or below -$26.8M or net loss at or above $25.8M.
Why it matters: AMD support backs TensorWave's lease payments, but starts only after construction is complete and rent starts.
Worry ifFermi confirms AMD credit support is active when rent starts on the final delivery phase.
Less concerning ifFermi reports that the AMD support has not begun when rent starts, or that its terms have changed.
A larger daily loss that occurred about once in every 20 trading days.
Deepest peak-to-trough drop in the last year.
| Measure | Value | Meaning |
|---|---|---|
| Typical day | ±$520 on $10,000 · ±5.2% | How much price usually moves either way. |
| Bad day | $1,191 loss on $10,000 · 11.9% | A larger daily loss that occurred about once in every 20 trading days. |
| Largest peak-to-trough drop in the past year | $9,316 loss on $10,000 · 93.2% | Deepest peak-to-trough drop in the last year. |
Past year. 1.00 means similar movement; 1.20 means about 20% more.
Past year. 1.00 means similar movement to the sector. This is secondary context.
Latest 30 trading days, shown as an annual percentage.
Latest 252 trading days, shown as an annual percentage.
20-trading-day average in US dollars.
Trading days used by the source risk snapshot.
Past results, not a forecast. Not investment advice.