WhiteFiber (NASDAQ:WYFI) Shares Down 7.1% – Should You Sell?

WhiteFiber, Inc. (NASDAQ:WYFI) fell 7.1% during mid-day trading on Friday . The stock traded as low as $29.57 and last traded at $29.90. 482,905 shares were traded during mid-day trading, a decline of 58% from the average session volume of 1,145,557 shares. The stock had previously closed at $32.18.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on WYFI. Weiss Ratings restated a “sell (d)” rating on shares of WhiteFiber in a research report on Friday, March 27th. B. Riley Financial restated a “buy” rating on shares of WhiteFiber in a research report on Monday, May 18th. Cantor Fitzgerald boosted their price target on shares of WhiteFiber from $13.00 to $27.00 and gave the stock a “neutral” rating in a research report on Friday, May 15th. HC Wainwright lowered their price target on shares of WhiteFiber from $34.00 to $20.00 and set a “buy” rating on the stock in a research report on Friday, March 27th. Finally, BTIG Research boosted 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 analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $34.00.

WhiteFiber Stock Down 6.9%

The stock has a market capitalization of $1.16 billion and a price-to-earnings ratio of -20.63. The business’s 50-day moving average is $18.69 and its two-hundred day moving average is $18.42. The company has a quick ratio of 2.77, a current ratio of 2.77 and a debt-to-equity ratio of 0.63.

WhiteFiber (NASDAQ:WYFI) last issued its earnings results on Thursday, May 14th. The company reported ($0.31) EPS for the quarter, missing analysts’ consensus estimates of ($0.24) by ($0.07). WhiteFiber had a negative return on equity of 9.40% and a negative net margin of 45.24%.The firm had revenue of $21.92 million for the quarter. The company’s quarterly revenue was up 30.4% compared to the same quarter last year. Equities analysts anticipate that WhiteFiber, Inc. will post -1.01 EPS for the current year.

Hedge Funds Weigh In On WhiteFiber

A number of institutional investors have recently bought and sold shares of WYFI. Royal Bank of Canada lifted its holdings 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 during the last quarter. Strs Ohio acquired a new position in shares of WhiteFiber in the 4th quarter worth approximately $30,000. Shikiar Asset Management Inc. lifted its holdings in shares of WhiteFiber by 4.9% in the 4th quarter. Shikiar Asset Management Inc. now owns 48,790 shares of the company’s stock worth $771,000 after acquiring an additional 2,290 shares during the last quarter. Russell Investments Group Ltd. lifted its holdings in shares of WhiteFiber by 5.3% in the 4th quarter. Russell Investments Group Ltd. now owns 49,513 shares of the company’s stock worth $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 position in shares of WhiteFiber in the 4th quarter worth approximately $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.