WhiteFiber (NASDAQ:WYFI) Shares Up 4.7% – Still a Buy?

WhiteFiber, Inc. (NASDAQ:WYFIGet Free Report)’s share price traded up 4.7% during trading on Monday . The company traded as high as $18.59 and last traded at $18.58. Approximately 1,688,520 shares traded hands during mid-day trading, a decline of 3% from the average session volume of 1,740,360 shares. The stock had previously closed at $17.75.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. Needham & Company LLC upped their price target on WhiteFiber from $38.00 to $41.00 and gave the company a “buy” rating in a report on Thursday, August 13th. Cantor Fitzgerald raised WhiteFiber from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $27.00 to $36.00 in a research report on Thursday, August 13th. Weiss Ratings cut shares of WhiteFiber from a “sell (d)” rating to a “sell (d-)” rating in a research note on Wednesday, August 12th. BTIG Research reaffirmed a “buy” rating and set a $50.00 price target on shares of WhiteFiber in a report on Wednesday, August 12th. Finally, B. Riley Financial reiterated a “buy” rating on shares of WhiteFiber in a research note on Monday, May 18th. Eleven investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $36.08.

Read Our Latest Analysis on WYFI

WhiteFiber Stock Up 4.5%

The company has a market cap of $720.67 million and a P/E ratio of -10.08. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.74. The company has a fifty day moving average of $28.76 and a 200 day moving average of $23.14.

WhiteFiber (NASDAQ:WYFIGet Free Report) last posted its earnings results on Wednesday, August 12th. The company reported ($0.39) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.40) by $0.01. The company had revenue of $28.84 million for the quarter. WhiteFiber had a negative return on equity of 10.72% and a negative net margin of 46.87%. On average, research analysts anticipate that WhiteFiber, Inc. will post -0.97 earnings per share for the current fiscal year.

Hedge Funds Weigh In On WhiteFiber

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Galaxy Digital Inc. bought a new stake in shares of WhiteFiber during the 1st quarter valued at $834,000. Sei Investments Co. raised its holdings in WhiteFiber by 196.0% in the 1st quarter. Sei Investments Co. now owns 72,138 shares of the company’s stock worth $859,000 after purchasing an additional 47,770 shares during the period. Situational Awareness LP bought a new position in WhiteFiber in the 4th quarter worth $27,770,000. Buffalo Business & Estate Services Ltd. purchased a new position in WhiteFiber during the first quarter valued at $602,000. Finally, CenterBook Partners LP purchased a new position in WhiteFiber during the fourth quarter valued at $3,873,000.

WhiteFiber Company Profile

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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.

Further Reading

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