Shares of WhiteFiber, Inc. (NASDAQ:WYFI – Get Free Report) saw unusually-high trading volume on Tuesday . Approximately 930,743 shares changed hands during trading, a decline of 18% from the previous session’s volume of 1,132,845 shares.The stock last traded at $36.9860 and had previously closed at $29.98.
Analyst Ratings Changes
WYFI has been the topic of a number of research analyst reports. Needham & Company LLC raised their target price on shares of WhiteFiber from $36.00 to $38.00 and gave the company a “buy” rating in a research report on Friday, May 15th. Cantor Fitzgerald raised their price objective on WhiteFiber from $13.00 to $27.00 and gave the stock a “neutral” rating in a research report on Friday, May 15th. Weiss Ratings reiterated a “sell (d)” rating on shares of WhiteFiber in a research report on Friday, March 27th. B. Riley Financial reiterated a “buy” rating on shares of WhiteFiber in a report on Monday, May 18th. Finally, BTIG Research lifted their target price on WhiteFiber from $20.00 to $35.00 and gave the stock a “buy” rating in a report on Thursday, May 14th. Ten investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $33.42.
Get Our Latest Stock Report on WhiteFiber
WhiteFiber Price Performance
WhiteFiber (NASDAQ:WYFI – Get Free Report) last announced its quarterly earnings data on Thursday, May 14th. The company reported ($0.31) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.24) by ($0.07). The business had revenue of $21.92 million during the quarter. WhiteFiber had a negative net margin of 45.24% and a negative return on equity of 9.40%. The firm’s quarterly revenue was up 30.4% on a year-over-year basis. On average, sell-side analysts forecast that WhiteFiber, Inc. will post -1.01 EPS for the current year.
Institutional Inflows and Outflows
Institutional investors have recently made changes to their positions in the company. Strs Ohio purchased a new position in shares of WhiteFiber during the 4th quarter valued at $30,000. Royal Bank of Canada lifted its position in shares of WhiteFiber by 108.2% during the 4th quarter. Royal Bank of Canada now owns 2,394 shares of the company’s stock valued at $37,000 after buying an additional 1,244 shares during the last quarter. Police & Firemen s Retirement System of New Jersey purchased a new position in shares of WhiteFiber during the 4th quarter valued at $44,000. Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in shares of WhiteFiber during the 4th quarter valued at $55,000. Finally, MetLife Investment Management LLC purchased a new stake in WhiteFiber during the 4th quarter worth about $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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