WhiteFiber (NASDAQ:WYFI) Shares Up 5.9% – Time to Buy?

Shares of WhiteFiber, Inc. (NASDAQ:WYFI) traded up 5.9% during mid-day trading on Tuesday . The company traded as high as $24.91 and last traded at $25.1750. 637,735 shares traded hands during trading, a decline of 43% from the average session volume of 1,114,982 shares. The stock had previously closed at $23.77.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. HC Wainwright decreased their target price on WhiteFiber from $34.00 to $20.00 and set a “buy” rating on the stock in a research report on Friday, March 27th. Needham & Company LLC upped their price objective on shares of WhiteFiber from $36.00 to $38.00 and gave the stock a “buy” rating in a research report on Friday. Weiss Ratings reaffirmed a “sell (d)” rating on shares of WhiteFiber in a report on Friday, March 27th. Cantor Fitzgerald lifted their target price on shares of WhiteFiber from $13.00 to $27.00 and gave the company a “neutral” rating in a research report on Friday. Finally, BTIG Research upped their price target on shares of WhiteFiber from $20.00 to $35.00 and gave the stock a “buy” rating in a research report on Thursday, May 14th. Ten research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $34.00.

WhiteFiber Price Performance

The stock has a market capitalization of $967.45 million and a PE ratio of -22.02. The stock’s 50 day moving average is $16.56 and its two-hundred day moving average is $18.53. 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 results on Thursday, May 14th. The company reported ($0.31) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.24) by ($0.07). The company had revenue of $21.92 million during the quarter. WhiteFiber had a negative net margin of 45.24% and a negative return on equity of 9.40%. The business’s revenue for the quarter was up 30.4% compared to the same quarter last year. On average, equities analysts anticipate that WhiteFiber, Inc. will post -0.93 EPS for the current fiscal year.

Institutional Trading of WhiteFiber

A number of hedge funds have recently bought and sold shares of the business. Royal Bank of Canada raised its holdings 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 acquiring an additional 1,244 shares during the last quarter. Strs Ohio acquired a new stake in WhiteFiber in the 4th quarter valued at about $30,000. Shikiar Asset Management Inc. raised its holdings 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 acquiring an additional 2,290 shares during the last quarter. Russell Investments Group Ltd. raised its holdings 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 acquiring an additional 2,477 shares during the last quarter. Finally, Police & Firemen s Retirement System of New Jersey acquired a new stake 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.