WhiteFiber, Inc. (NASDAQ:WYFI – Get Free Report)’s stock price traded down 5.6% during trading on Thursday . The company traded as low as $26.14 and last traded at $26.4640. 378,192 shares were traded during trading, a decline of 67% from the average session volume of 1,139,045 shares. The stock had previously closed at $28.03.
Wall Street Analysts Forecast Growth
A number of equities research analysts recently commented on the stock. BTIG Research upped their price target on shares of WhiteFiber from $20.00 to $35.00 and gave the company a “buy” rating in a report on Thursday, May 14th. B. Riley Financial reiterated a “buy” rating on shares of WhiteFiber in a research report on Monday, May 18th. HC Wainwright cut their price objective on WhiteFiber from $34.00 to $20.00 and set a “buy” rating on the stock in a research report on Friday, March 27th. Needham & Company LLC lifted their price target on shares of WhiteFiber from $36.00 to $38.00 and gave the company a “buy” rating in a report on Friday, May 15th. Finally, Weiss Ratings restated a “sell (d)” rating on shares of WhiteFiber in a report on Friday, March 27th. Ten research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $34.00.
Read Our Latest Report on WhiteFiber
WhiteFiber Stock Up 0.4%
WhiteFiber (NASDAQ:WYFI – Get Free Report) last announced its quarterly earnings data on Thursday, May 14th. The company reported ($0.31) EPS for the quarter, missing the consensus estimate of ($0.24) by ($0.07). The firm had revenue of $21.92 million for the quarter. WhiteFiber had a negative net margin of 45.24% and a negative return on equity of 9.40%. The firm’s revenue for the quarter was up 30.4% on a year-over-year basis. Analysts anticipate that WhiteFiber, Inc. will post -1.01 earnings per share for the current fiscal year.
Institutional Investors Weigh In On WhiteFiber
A number of institutional investors have recently modified their holdings of WYFI. Strs Ohio bought a new stake in WhiteFiber in the 4th quarter worth about $30,000. Royal Bank of Canada increased its holdings in WhiteFiber by 108.2% in the 4th quarter. Royal Bank of Canada now owns 2,394 shares of the company’s stock worth $37,000 after buying an additional 1,244 shares in the last quarter. Police & Firemen s Retirement System of New Jersey purchased a new position in shares of WhiteFiber during the fourth quarter valued at approximately $44,000. Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in shares of WhiteFiber during the fourth quarter valued at approximately $55,000. Finally, MetLife Investment Management LLC purchased a new position in shares of WhiteFiber during the fourth quarter valued at approximately $106,000.
About WhiteFiber
We believe we are a leading provider of artificial intelligence (“AI”) infrastructure solutions. We own high-performance computing (“HPC”) data centers and provide cloud-based HPC graphics processing units (“GPU”) services, which we term cloud services, for customers such as AI application and machine learning (“ML”) developers (the “HPC Business”). Our Tier-3 data centers provide hosting and colocation services. Our cloud services support generative AI workstreams, especially training and inference.
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