WhiteFiber, Inc. (NASDAQ:WYFI) Receives Average Rating of “Moderate Buy” from Analysts

WhiteFiber, Inc. (NASDAQ:WYFI) has received a consensus rating of “Moderate Buy” from the fourteen research firms that are presently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and ten have given a buy rating to the company. The average 1-year price target among brokers that have covered the stock in the last year is $34.8333.

A number of brokerages have commented on WYFI. HC Wainwright dropped their price objective on shares of WhiteFiber from $34.00 to $20.00 and set a “buy” rating on the stock in a research report on Friday, March 27th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of WhiteFiber in a research report on Wednesday, June 24th. Needham & Company LLC boosted their target price on shares of WhiteFiber from $36.00 to $38.00 and gave the stock a “buy” rating in a research note on Friday, May 15th. Barclays increased their target price on WhiteFiber from $27.00 to $29.00 and gave the company an “equal weight” rating in a report on Tuesday. Finally, B. Riley Financial restated a “buy” rating on shares of WhiteFiber in a research note on Monday, May 18th.

Institutional Investors Weigh In On WhiteFiber

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. JPMorgan Chase & Co. purchased a new position in WhiteFiber during the 3rd quarter worth approximately $2,718,000. Situational Awareness LP purchased a new stake in WhiteFiber in the fourth quarter valued at approximately $27,770,000. Buffalo Business & Estate Services Ltd. acquired a new stake in shares of WhiteFiber in the first quarter valued at approximately $602,000. CenterBook Partners LP purchased a new position in shares of WhiteFiber during the fourth quarter worth approximately $3,873,000. Finally, UBS Group AG increased its holdings in shares of WhiteFiber by 604.4% in the 4th quarter. UBS Group AG now owns 197,714 shares of the company’s stock valued at $3,124,000 after acquiring an additional 169,646 shares during the period.

WhiteFiber Stock Performance

Shares of WhiteFiber stock opened at $27.11 on Friday. WhiteFiber has a 52 week low of $10.51 and a 52 week high of $46.87. The business’s fifty day simple moving average is $31.28 and its 200-day simple moving average is $22.25. The firm has a market cap of $1.05 billion and a PE ratio of -18.70. 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 issued its quarterly earnings results 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 for the quarter. WhiteFiber had a negative return on equity of 9.40% and a negative net margin of 45.24%.The business’s revenue for the quarter was up 30.4% compared to the same quarter last year. Equities analysts forecast that WhiteFiber will post -1.26 earnings per share for the current year.

WhiteFiber Company Profile

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.