WhiteFiber (NASDAQ:WYFI) Hits New 1-Year Low – Here’s What Happened

WhiteFiber, Inc. (NASDAQ:WYFI) shares hit a new 52-week low on Thursday . The stock traded as low as $12.12 and last traded at $13.45, with a volume of 230862 shares. The stock had previously closed at $14.69.

Analyst Ratings Changes

WYFI has been the topic of several recent research reports. Compass Point started coverage on shares of WhiteFiber in a report on Tuesday, December 16th. They set a “buy” rating and a $32.00 price objective on the stock. HC Wainwright reiterated a “buy” rating and issued a $34.00 target price on shares of WhiteFiber in a research note on Monday, January 26th. B. Riley Financial dropped their price target on shares of WhiteFiber from $44.00 to $40.00 and set a “buy” rating on the stock in a research note on Wednesday, December 24th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of WhiteFiber in a research note on Monday, December 29th. Nine investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, WhiteFiber presently has an average rating of “Moderate Buy” and a consensus price target of $36.22.

WhiteFiber Trading Down 11.2%

The business has a fifty day moving average of $17.69 and a 200-day moving average of $21.49. The firm has a market cap of $498.91 million and a PE ratio of -27.67.

Hedge Funds Weigh In On WhiteFiber

A number of large investors have recently modified their holdings of WYFI. Gladstone Institutional Advisory LLC purchased a new position in WhiteFiber during the third quarter valued at approximately $349,000. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in WhiteFiber in the 3rd quarter worth approximately $1,167,000. Principal Financial Group Inc. bought a new position in WhiteFiber in the 3rd quarter valued at $1,534,000. J.W. Cole Advisors Inc. bought a new position in WhiteFiber in the 3rd quarter valued at $260,000. Finally, JPMorgan Chase & Co. purchased a new position in shares of WhiteFiber during the 3rd quarter valued at $2,718,000.

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.