WhiteFiber (NASDAQ:WYFI) Trading Up 8.8% – Should You Buy?

WhiteFiber, Inc. (NASDAQ:WYFI)’s share price was up 8.8% during mid-day trading on Tuesday . The company traded as high as $25.70 and last traded at $25.4490. Approximately 147,720 shares traded hands during trading, a decline of 87% from the average daily volume of 1,134,757 shares. The stock had previously closed at $23.40.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on WYFI shares. Weiss Ratings reiterated a “sell (d)” rating on shares of WhiteFiber in a research note on Friday, March 27th. 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 note on Friday, May 15th. Barclays started coverage on shares of WhiteFiber in a research note on Tuesday. They set an “equal weight” rating and a $27.00 price target on the stock. B. Riley Financial reiterated a “buy” rating on shares of WhiteFiber in a research note on Monday, May 18th. Finally, 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. Ten analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $33.42.

WhiteFiber Trading Down 2.0%

The stock has a market cap of $881.17 million and a PE ratio of -15.74. The business’s fifty day moving average is $21.07 and its 200 day moving average is $18.80. 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 released its quarterly earnings data on Thursday, May 14th. The company reported ($0.31) EPS for the quarter, missing analysts’ consensus estimates of ($0.24) by ($0.07). The company had revenue of $21.92 million for the quarter. WhiteFiber had a negative return on equity of 9.40% and a negative net margin of 45.24%.The company’s quarterly revenue was up 30.4% on a year-over-year basis. As a group, analysts predict that WhiteFiber, Inc. will post -1.01 earnings per share for the current year.

Institutional Trading of WhiteFiber

Several institutional investors and hedge funds have recently modified their holdings of the business. Bank of America Corp DE lifted its holdings in shares of WhiteFiber by 220.9% in the first quarter. Bank of America Corp DE now owns 60,113 shares of the company’s stock valued at $716,000 after purchasing an additional 41,383 shares in the last quarter. Feynman Point Asset Management LLC lifted its stake in shares of WhiteFiber by 6.9% during the first quarter. Feynman Point Asset Management LLC now owns 169,900 shares of the company’s stock valued at $2,024,000 after buying an additional 11,000 shares during the period. Lazard Asset Management LLC lifted its stake in shares of WhiteFiber by 16.6% during the first quarter. Lazard Asset Management LLC now owns 132,693 shares of the company’s stock valued at $1,580,000 after buying an additional 18,928 shares during the period. Sculptor Capital LP purchased a new position in shares of WhiteFiber during the first quarter valued at approximately $476,000. Finally, Galaxy Digital Inc. purchased a new position in shares of WhiteFiber during the first quarter valued at approximately $834,000.

WhiteFiber Company Profile

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.