WhiteFiber (NASDAQ:WYFI) Trading Up 12% – Should You Buy?

WhiteFiber, Inc. (NASDAQ:WYFI) shares traded up 12% on Monday . The company traded as high as $35.75 and last traded at $35.22. Approximately 566,635 shares traded hands during mid-day trading, a decline of 59% from the average session volume of 1,374,702 shares. The stock had previously closed at $31.44.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on WYFI shares. B. Riley Financial restated a “buy” rating on shares of WhiteFiber in a research report on Monday, May 18th. Needham & Company LLC lifted their price objective on WhiteFiber from $36.00 to $38.00 and gave the stock a “buy” rating in a research report on Friday, May 15th. Weiss Ratings restated a “sell (d)” rating on shares of WhiteFiber in a report on Wednesday, June 24th. HC Wainwright cut their target price on WhiteFiber from $34.00 to $20.00 and set a “buy” rating for the company in a research note on Friday, March 27th. Finally, Cantor Fitzgerald lifted their price target on WhiteFiber from $13.00 to $27.00 and gave the stock a “neutral” rating in a report on Friday, May 15th. Ten analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $34.67.

WhiteFiber Trading Down 6.0%

The stock has a market cap of $1.29 billion and a PE ratio of -23.05. The company’s 50-day moving average price is $28.96 and its 200 day moving average price is $21.03. 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 (NASDAQ:WYFI) last issued its quarterly earnings data 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%.WhiteFiber’s quarterly revenue was up 30.4% compared to the same quarter last year. On average, sell-side analysts forecast that WhiteFiber, Inc. will post -1.01 EPS for the current fiscal year.

Institutional Investors Weigh In On WhiteFiber

Several institutional investors have recently bought and sold shares of WYFI. CoreCap Advisors LLC purchased a new position in WhiteFiber in the second quarter valued at about $235,000. Bank of America Corp DE boosted its holdings in WhiteFiber by 220.9% in the 1st quarter. Bank of America Corp DE now owns 60,113 shares of the company’s stock worth $716,000 after acquiring an additional 41,383 shares during the period. Feynman Point Asset Management LLC grew its position in WhiteFiber by 6.9% in the first quarter. Feynman Point Asset Management LLC now owns 169,900 shares of the company’s stock valued at $2,024,000 after acquiring an additional 11,000 shares in the last quarter. Lazard Asset Management LLC lifted its position in shares of WhiteFiber by 16.6% during the first quarter. Lazard Asset Management LLC now owns 132,693 shares of the company’s stock worth $1,580,000 after purchasing an additional 18,928 shares in the last quarter. Finally, Sculptor Capital LP purchased a new position in shares of WhiteFiber in the first quarter valued at $476,000.

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.