WhiteFiber (NASDAQ:WYFI) Shares Gap Down – Time to Sell?

WhiteFiber, Inc. (NASDAQ:WYFI) gapped down before the market opened on Tuesday . The stock had previously closed at $44.77, but opened at $40.43. WhiteFiber shares last traded at $45.3360, with a volume of 822,135 shares trading hands.

Analysts Set New Price Targets

WYFI has been the topic of several research reports. HC Wainwright dropped their price objective on shares of WhiteFiber from $34.00 to $20.00 and set a “buy” rating on the stock in a research note on Friday, March 27th. Needham & Company LLC lifted their target price on shares of WhiteFiber from $36.00 to $38.00 and gave the company a “buy” rating in a report on Friday, May 15th. BTIG Research boosted their price target on WhiteFiber from $20.00 to $35.00 and gave the stock a “buy” rating in a research report on Thursday, May 14th. Weiss Ratings reissued a “sell (d)” rating on shares of WhiteFiber in a research report on Friday, March 27th. Finally, B. Riley Financial reaffirmed a “buy” rating on shares of WhiteFiber in a research report on Monday, May 18th. Ten research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, WhiteFiber has a consensus rating of “Moderate Buy” and a consensus target price of $33.42.

WhiteFiber Trading Down 11.7%

The stock has a market cap of $1.53 billion and a PE ratio of -27.25. The firm has a 50-day moving average price of $24.50 and a 200-day moving average price of $19.62. 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 announced its quarterly earnings data on Thursday, May 14th. The company reported ($0.31) EPS for the quarter, missing the consensus estimate of ($0.24) by ($0.07). The firm had revenue of $21.92 million for the quarter. WhiteFiber had a negative net margin of 45.24% and a negative return on equity of 9.40%. The company’s quarterly revenue was up 30.4% compared to the same quarter last year. As a group, equities analysts anticipate that WhiteFiber, Inc. will post -1.01 EPS for the current fiscal year.

Institutional Investors Weigh In On WhiteFiber

A number of institutional investors have recently made changes to their positions in WYFI. Situational Awareness LP bought a new stake in shares of WhiteFiber during the fourth quarter valued at approximately $27,770,000. Clearfield Capital Management LP boosted its position in shares of WhiteFiber by 426.6% during the fourth quarter. Clearfield Capital Management LP now owns 1,313,659 shares of the company’s stock valued at $20,756,000 after buying an additional 1,064,177 shares during the last quarter. Monashee Investment Management LLC bought a new stake in WhiteFiber in the 3rd quarter worth about $9,645,000. Marshall Wace LLP purchased a new position in WhiteFiber in the 3rd quarter worth about $9,105,000. Finally, Wasatch Advisors LP bought a new position in WhiteFiber during the 3rd quarter valued at about $8,382,000.

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.