WhiteFiber, Inc. (NASDAQ:WYFI) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of WhiteFiber, Inc. (NASDAQ:WYFI) have been given an average recommendation of “Moderate Buy” by the twelve ratings firms that are covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, one has given a hold recommendation and ten have assigned a buy recommendation to the company. The average 12 month price target among analysts that have covered the stock in the last year is $38.6364.

Several equities research analysts have recently commented on WYFI shares. HC Wainwright reissued a “buy” rating and set a $37.00 target price on shares of WhiteFiber in a research report on Thursday, September 3rd. B. Riley Financial reaffirmed a “buy” rating on shares of WhiteFiber in a research report on Monday, May 18th. Barclays lifted their price target on WhiteFiber from $29.00 to $32.00 and gave the company an “equal weight” rating in a research note on Friday, August 14th. Cantor Fitzgerald raised WhiteFiber from a “neutral” rating to an “overweight” rating and boosted their price objective for the stock from $27.00 to $36.00 in a report on Thursday, August 13th. Finally, Weiss Ratings downgraded WhiteFiber from a “sell (d)” rating to a “sell (d-)” rating in a research note on Wednesday, August 12th.

Institutional Investors Weigh In On WhiteFiber

A number of institutional investors and hedge funds have recently bought and sold shares of WYFI. Integrated Wealth Concepts LLC bought a new position in WhiteFiber during the 2nd quarter valued at $36,000. Royal Bank of Canada grew its stake in shares of 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 acquiring an additional 1,244 shares in the last quarter. Russell Investments Group Ltd. raised its holdings in shares of WhiteFiber by 5.3% in the fourth quarter. Russell Investments Group Ltd. now owns 49,513 shares of the company’s stock valued at $782,000 after purchasing an additional 2,477 shares during the last quarter. Police & Firemen s Retirement System of New Jersey purchased a new stake in shares of WhiteFiber in the fourth quarter valued at about $44,000. Finally, CoreCap Advisors LLC bought a new position in shares of WhiteFiber during the second quarter valued at about $235,000.

WhiteFiber Stock Performance

NASDAQ WYFI opened at $19.14 on Friday. The company has a fifty day simple moving average of $25.03 and a 200 day simple moving average of $23.14. WhiteFiber has a 12-month low of $10.51 and a 12-month high of $46.87. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.74. The company has a market cap of $743.59 million and a P/E ratio of -10.40.

WhiteFiber (NASDAQ:WYFI) last announced its quarterly earnings results on Wednesday, August 12th. The company reported ($0.39) EPS for the quarter, beating analysts’ consensus estimates of ($0.40) by $0.01. WhiteFiber had a negative net margin of 46.87% and a negative return on equity of 10.72%. The business had revenue of $28.84 million during the quarter. Sell-side analysts predict that WhiteFiber will post -1.05 earnings per share for the current fiscal 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.