WhiteFiber (NASDAQ:WYFI) Stock Price Down 8.2% – Should You Sell?

WhiteFiber, Inc. (NASDAQ:WYFI)’s stock price fell 8.2% during trading on Thursday. The company traded as low as $15.42 and last traded at $15.4450. Approximately 760,646 shares were traded during trading, a decline of 55% from the average daily volume of 1,687,726 shares. The stock had previously closed at $16.83.

Analysts Set New Price Targets

WYFI has been the subject of a number of analyst reports. BTIG Research reaffirmed a “buy” rating and issued a $50.00 target price on shares of WhiteFiber in a research report on Wednesday, August 12th. Cantor Fitzgerald upgraded shares of WhiteFiber from a “neutral” rating to an “overweight” rating and increased their price target for the company from $27.00 to $36.00 in a research note on Thursday, August 13th. Barclays increased their price target on WhiteFiber from $29.00 to $32.00 and gave the company an “equal weight” rating in a research note on Friday, August 14th. Weiss Ratings downgraded shares of WhiteFiber from a “sell (d)” rating to a “sell (d-)” rating in a research report on Wednesday, August 12th. Finally, Needham & Company LLC boosted their target price on shares of WhiteFiber from $38.00 to $41.00 and gave the company a “buy” rating in a research report on Thursday, August 13th. Nine investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, WhiteFiber presently has an average rating of “Moderate Buy” and an average target price of $38.00.

WhiteFiber Stock Down 7.7%

The firm has a 50 day moving average of $21.00 and a two-hundred day moving average of $23.43. The firm has a market capitalization of $603.53 million, a price-to-earnings ratio of -8.44 and a beta of 6.32. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.74.

WhiteFiber (NASDAQ:WYFI) last issued its earnings results on Wednesday, August 12th. The company reported ($0.39) earnings per share for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $28.84 million for the quarter. As a group, sell-side analysts anticipate that WhiteFiber, Inc. will post -1.05 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Tidal Investments LLC grew its position in shares of WhiteFiber by 115.9% in the 2nd quarter. Tidal Investments LLC now owns 125,510 shares of the company’s stock valued at $4,876,000 after buying an additional 67,379 shares during the last quarter. Galaxy Digital Inc. bought a new position in shares of WhiteFiber in the first quarter valued at approximately $834,000. Sei Investments Co. raised its stake in shares of WhiteFiber by 196.0% in the first quarter. Sei Investments Co. now owns 72,138 shares of the company’s stock valued at $859,000 after buying an additional 47,770 shares during the period. Sculptor Capital LP bought a new stake in shares of WhiteFiber during the 1st quarter valued at $476,000. Finally, Buffalo Business & Estate Services Ltd. purchased a new position in shares of WhiteFiber during the first quarter worth about $602,000.

About WhiteFiber

WhiteFiber, Inc (NASDAQ: WYFI) is a digital infrastructure company focused on providing data center and high-performance computing services. Its offerings are designed to support organizations that require scalable computing capacity, secure infrastructure and reliable network connectivity.

The company’s business activities include data center solutions, colocation, dedicated computing resources and cloud-related services. WhiteFiber also supports advanced workloads, including artificial intelligence and other applications that require substantial processing power and specialized infrastructure.

WhiteFiber serves business and technology customers through its digital infrastructure platform.