WhiteFiber (NASDAQ:WYFI – Get Free Report) had its price target lowered by equities research analysts at B. Riley Financial from $38.00 to $32.00 in a note issued to investors on Thursday, Benzinga reports. The brokerage currently has a “buy” rating on the stock. B. Riley Financial‘s price target indicates a potential upside of 234.59% from the stock’s current price.
A number of other research firms have also weighed in on WYFI. HC Wainwright raised their price objective on WhiteFiber from $34.00 to $36.00 and gave the company a “buy” rating in a research report on Wednesday. Cantor Fitzgerald raised WhiteFiber from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $27.00 to $36.00 in a report on Thursday, August 13th. Needham & Company LLC cut their target price on WhiteFiber from $41.00 to $37.00 and set a “buy” rating on the stock in a research note on Wednesday. Barclays increased their target price on WhiteFiber from $29.00 to $32.00 and gave the stock an “equal weight” rating in a research note on Friday, August 14th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of WhiteFiber in a research report on Tuesday. Nine research 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, the company has an average rating of “Moderate Buy” and a consensus target price of $34.33.
Get Our Latest Research Report on WYFI
WhiteFiber Stock Down 8.3%
NASDAQ:WYFI traded down $0.87 during mid-day trading on Thursday, hitting $9.56. 375,436 shares of the company’s stock were exchanged, compared to its average volume of 1,733,465. The company has a market cap of $433.06 million, a PE ratio of -2.54 and a beta of 6.77. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.79 and a quick ratio of 0.79. WhiteFiber has a one year low of $7.43 and a one year high of $46.87. The business has a fifty day moving average price of $14.91 and a 200 day moving average price of $20.75.
WhiteFiber (NASDAQ:WYFI – Get Free Report) last announced its earnings results on Tuesday, November 10th. The company reported ($2.44) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.36) by ($2.08). WhiteFiber had a negative net margin of 132.17% and a negative return on equity of 12.59%. The business had revenue of $24.02 million for the quarter. During the same period last year, the company earned ($0.47) earnings per share. The business’s quarterly revenue was up 18.9% on a year-over-year basis. Equities analysts predict that WhiteFiber will post -1.05 EPS for the current year.
Institutional Investors Weigh In On WhiteFiber
Several institutional investors and hedge funds have recently made changes to their positions in WYFI. Polaris Financial Partners purchased a new position in WhiteFiber in the 3rd quarter worth approximately $27,000. Integrated Wealth Concepts LLC bought a new position in WhiteFiber in the 2nd quarter valued at approximately $36,000. Bogart Wealth LLC boosted its stake in WhiteFiber by 160.0% during the 3rd quarter. Bogart Wealth LLC now owns 2,600 shares of the company’s stock valued at $47,000 after purchasing an additional 1,600 shares during the last quarter. State of Alaska Department of Revenue purchased a new stake in WhiteFiber during the 3rd quarter valued at $55,000. Finally, Cetera Investment Advisers purchased a new stake in WhiteFiber during the 1st quarter valued at $203,000.
About WhiteFiber
WhiteFiber Inc. (NASDAQ: WYFI) is a digital infrastructure company focused on data center and cloud computing services for artificial intelligence and high-performance computing workloads. Its offerings combine data center infrastructure with access to specialized computing resources. The company provides GPU-based cloud services and data center solutions designed to support demanding applications, including AI model training and inference. These services help customers access computing capacity without building and operating all of the required infrastructure themselves.
See Also
- Five stocks we like better than WhiteFiber
- Tesla’s Plan to End Cybertruck Reveals Its Real Priorities
- The Post-Midterm Rally Clock Is Ticking—and These 3 AI Stocks Stand Out
- Hims & Hers Bounced Back 9%, But Its Earnings Reveal a Costly Trade-Off
- Palantir’s Real Washington Risk Isn’t the Budget—It’s Oversight
Receive News & Ratings for WhiteFiber Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for WhiteFiber and related companies with MarketBeat.com's FREE daily email newsletter.
