WhiteFiber (NASDAQ:WYFI) Shares Up 4.9% – Should You Buy?

WhiteFiber, Inc. (NASDAQ:WYFI)’s stock price rose 4.9% on Wednesday . The company traded as high as $17.53 and last traded at $17.6470. Approximately 127,036 shares changed hands during trading, a decline of 93% from the average session volume of 1,727,805 shares. The stock had previously closed at $16.82.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on WYFI shares. Weiss Ratings lowered shares of WhiteFiber from a “sell (d)” rating to a “sell (d-)” rating in a research report on Wednesday, August 12th. Barclays boosted their price target on WhiteFiber from $29.00 to $32.00 and gave the stock an “equal weight” rating in a research note on Friday, August 14th. Cantor Fitzgerald upgraded WhiteFiber from a “neutral” rating to an “overweight” rating and upped their price target for the stock from $27.00 to $36.00 in a report on Thursday, August 13th. HC Wainwright reaffirmed a “buy” rating and set a $37.00 price objective on shares of WhiteFiber in a report on Thursday, September 3rd. Finally, BTIG Research reiterated a “buy” rating and set a $50.00 target price on shares of WhiteFiber in a research report on Wednesday, August 12th. Ten research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, WhiteFiber currently has a consensus rating of “Moderate Buy” and an average target price of $38.64.

WhiteFiber Price Performance

The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.79 and a current ratio of 0.79. The stock has a market capitalization of $693.90 million and a PE ratio of -9.70. The company’s fifty day simple moving average is $24.33 and its two-hundred day simple moving average is $23.17.

WhiteFiber (NASDAQ:WYFI) last released its quarterly earnings results on Wednesday, August 12th. The company reported ($0.39) EPS for the quarter, beating the consensus estimate 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 for the quarter. As a group, sell-side analysts predict that WhiteFiber, Inc. will post -1.05 EPS for the current year.

Hedge Funds Weigh In On WhiteFiber

Hedge funds have recently bought and sold shares of the stock. Integrated Wealth Concepts LLC acquired a new position in shares of WhiteFiber in the second quarter worth $36,000. CoreCap Advisors LLC acquired a new position in WhiteFiber in the 2nd quarter valued at about $235,000. WINTON GROUP Ltd acquired a new position in WhiteFiber in the 2nd quarter valued at about $439,000. Cetera Investment Advisers purchased a new position in WhiteFiber in the 1st quarter valued at about $203,000. Finally, Penn Capital Management Company LLC lifted its holdings in WhiteFiber by 33.3% in the 4th quarter. Penn Capital Management Company LLC now owns 26,804 shares of the company’s stock valued at $424,000 after purchasing an additional 6,703 shares in the last quarter.

WhiteFiber Company Profile

WhiteFiber, Inc (NASDAQ: WYFI) is a digital infrastructure company focused on providing data center and high-performance computing services. Its platform is designed to support demanding workloads, including artificial intelligence, machine learning, scientific computing and other data-intensive applications.

The company’s services include dedicated computing infrastructure, GPU-based computing, cloud and bare-metal solutions, data center capacity and related managed services. These offerings are intended for organizations that require scalable computing power, secure facilities and reliable connectivity without building and operating all of the necessary infrastructure themselves.

WhiteFiber serves enterprise, technology and specialized computing customers through data center operations and infrastructure located in North America.