WhiteFiber, Inc. (NASDAQ:WYFI) Receives Consensus 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 covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and ten have given a buy recommendation to the company. The average 1 year price target among brokers that have covered the stock in the last year is $33.4167.

Several equities research analysts have recently issued reports on WYFI shares. Barclays started coverage on shares of WhiteFiber in a research note on Tuesday. They set an “equal weight” rating and a $27.00 target price on the stock. Cantor Fitzgerald increased their target price on shares of WhiteFiber from $13.00 to $27.00 and gave the stock a “neutral” rating in a research note on Friday, May 15th. BTIG Research increased their target price on shares of WhiteFiber from $20.00 to $35.00 and gave the stock a “buy” rating in a research note on Thursday, May 14th. Weiss Ratings reissued a “sell (d)” rating on shares of WhiteFiber in a research note on Friday, March 27th. Finally, Needham & Company LLC increased 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.

WhiteFiber Price Performance

Shares of WYFI opened at $22.82 on Thursday. The business’s 50-day moving average is $21.07 and its two-hundred day moving average is $18.80. The company has a market capitalization of $881.17 million and a P/E ratio of -15.74. The company has a debt-to-equity ratio of 0.63, a quick ratio of 2.77 and a current ratio of 2.77. WhiteFiber has a fifty-two week low of $10.51 and a fifty-two week high of $40.75.

WhiteFiber (NASDAQ:WYFI) last announced its quarterly earnings results on Thursday, May 14th. The company reported ($0.31) earnings per share for the quarter, missing the consensus estimate of ($0.24) by ($0.07). The company 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 quarterly revenue was up 30.4% compared to the same quarter last year. Research analysts predict that WhiteFiber will post -1.01 earnings per share for the current year.

Institutional Investors Weigh In On WhiteFiber

Hedge funds have recently modified their holdings of the company. Royal Bank of Canada lifted its stake in WhiteFiber by 108.2% in 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 in the last quarter. Strs Ohio purchased a new position in WhiteFiber in the 4th quarter valued at about $30,000. Shikiar Asset Management Inc. lifted its stake in WhiteFiber by 4.9% in the 4th quarter. Shikiar Asset Management Inc. now owns 48,790 shares of the company’s stock valued at $771,000 after buying an additional 2,290 shares in the last quarter. Russell Investments Group Ltd. lifted its stake in WhiteFiber by 5.3% in the 4th quarter. Russell Investments Group Ltd. now owns 49,513 shares of the company’s stock valued at $782,000 after buying an additional 2,477 shares in the last quarter. Finally, Police & Firemen s Retirement System of New Jersey purchased a new position in WhiteFiber in the 4th quarter valued at about $44,000.

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.