WhiteFiber (NASDAQ:WYFI) Sets New 1-Year High – Time to Buy?

Shares of WhiteFiber, Inc. (NASDAQ:WYFI) reached a new 52-week high during trading on Monday . The stock traded as high as $41.50 and last traded at $40.9940, with a volume of 218610 shares. The stock had previously closed at $38.49.

Analyst Upgrades and Downgrades

WYFI has been the topic of several recent research reports. Weiss Ratings reaffirmed a “sell (d)” rating on shares of WhiteFiber in a report on Friday, March 27th. HC Wainwright cut their price target on shares of WhiteFiber from $34.00 to $20.00 and set a “buy” rating for the company in a research report on Friday, March 27th. Needham & Company LLC boosted their target price on WhiteFiber from $36.00 to $38.00 and gave the company a “buy” rating in a research note on Friday, May 15th. Cantor Fitzgerald increased their target price on WhiteFiber from $13.00 to $27.00 and gave the company a “neutral” rating in a report on Friday, May 15th. Finally, BTIG Research raised their price target on WhiteFiber from $20.00 to $35.00 and gave the stock a “buy” rating in a research report on Thursday, May 14th. Ten research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, WhiteFiber presently has an average rating of “Moderate Buy” and a consensus price target of $33.42.

WhiteFiber Price Performance

The stock has a market cap of $1.67 billion and a PE ratio of -30.16. The business’s 50-day simple moving average is $23.87 and its 200-day simple moving average is $19.44. The company has a quick ratio of 2.77, a current ratio of 2.77 and a debt-to-equity ratio of 0.63.

WhiteFiber (NASDAQ:WYFI) last posted its earnings results on Thursday, May 14th. The company reported ($0.31) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.24) by ($0.07). The business had revenue of $21.92 million during the quarter. WhiteFiber had a negative return on equity of 9.40% and a negative net margin of 45.24%.The company’s revenue was up 30.4% compared to the same quarter last year. On average, research analysts expect that WhiteFiber, Inc. will post -1.01 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Situational Awareness LP bought a new stake in shares of WhiteFiber during the 4th quarter valued at about $27,770,000. Clearfield Capital Management LP raised its stake in WhiteFiber by 426.6% in the fourth quarter. Clearfield Capital Management LP now owns 1,313,659 shares of the company’s stock worth $20,756,000 after buying an additional 1,064,177 shares in the last quarter. Monashee Investment Management LLC purchased a new stake in WhiteFiber in the third quarter worth about $9,645,000. Marshall Wace LLP bought a new stake in WhiteFiber during the 3rd quarter valued at approximately $9,105,000. Finally, Wasatch Advisors LP bought a new stake in WhiteFiber during the 3rd quarter valued at approximately $8,382,000.

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.