WhiteFiber Sees Unusually Large Options Volume (NASDAQ:WYFI)

WhiteFiber, Inc. (NASDAQ:WYFI) was the recipient of some unusual options trading activity on Tuesday. Investors bought 5,975 call options on the company. This represents an increase of approximately 136% compared to the average volume of 2,530 call options.

WhiteFiber Stock Up 17.9%

WhiteFiber stock traded up $5.36 during mid-day trading on Tuesday, reaching $35.34. The stock had a trading volume of 2,381,644 shares, compared to its average volume of 1,150,175. The company has a market capitalization of $1.36 billion and a price-to-earnings ratio of -23.93. The company has a 50-day moving average price of $21.95 and a two-hundred day moving average price of $18.98. WhiteFiber has a one year low of $10.51 and a one year high of $40.75. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.77 and a quick ratio of 2.77.

WhiteFiber (NASDAQ:WYFI) last announced its quarterly earnings results on Thursday, May 14th. The company reported ($0.31) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.24) by ($0.07). The firm had revenue of $21.92 million during the quarter. WhiteFiber had a negative return on equity of 9.40% and a negative net margin of 45.24%.The company’s revenue was up 30.4% on a year-over-year basis. On average, analysts expect that WhiteFiber will post -1.01 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the stock. Cantor Fitzgerald boosted their target price on shares of WhiteFiber from $13.00 to $27.00 and gave the company a “neutral” rating in a report on Friday, May 15th. Barclays began coverage on shares of WhiteFiber in a research note on Tuesday, June 9th. They issued an “equal weight” rating and a $27.00 price target on the stock. HC Wainwright dropped their price target 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. B. Riley Financial reiterated a “buy” rating on shares of WhiteFiber in a research note on Monday, May 18th. Finally, Needham & Company LLC upped their price target on shares of WhiteFiber from $36.00 to $38.00 and gave the stock a “buy” rating in a research note on Friday, May 15th. 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. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $33.42.

Hedge Funds Weigh In On WhiteFiber

Several hedge funds and other institutional investors have recently bought and sold shares of WYFI. Situational Awareness LP bought a new position in WhiteFiber during the 4th quarter valued at about $27,770,000. Clearfield Capital Management LP lifted its stake in WhiteFiber by 426.6% during the 4th quarter. Clearfield Capital Management LP now owns 1,313,659 shares of the company’s stock valued at $20,756,000 after acquiring an additional 1,064,177 shares during the period. Monashee Investment Management LLC bought a new position in WhiteFiber during the 3rd quarter valued at about $9,645,000. Marshall Wace LLP bought a new position in WhiteFiber during the 3rd quarter valued at about $9,105,000. Finally, Wasatch Advisors LP bought a new stake in shares of WhiteFiber in the third quarter worth $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.