WhiteFiber, Inc. (NASDAQ:WYFI) Given Average Rating of “Moderate Buy” by Analysts

WhiteFiber, Inc. (NASDAQ:WYFI) has earned an average rating of “Moderate Buy” from the fourteen analysts that are covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell rating, two have given a hold rating and eleven have given a buy rating to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $36.0833.

A number of analysts have commented on the company. BTIG Research reiterated a “buy” rating and issued a $50.00 price objective on shares of WhiteFiber in a research report on Wednesday, August 12th. Weiss Ratings lowered WhiteFiber from a “sell (d)” rating to a “sell (d-)” rating in a research note on Wednesday, August 12th. Barclays raised their target price on WhiteFiber from $29.00 to $32.00 and gave the stock an “equal weight” rating in a research report on Friday. Cantor Fitzgerald upgraded shares of WhiteFiber from a “neutral” rating to an “overweight” rating and lifted their price target for the stock from $27.00 to $36.00 in a research note on Thursday. Finally, Needham & Company LLC boosted their price target on shares of WhiteFiber from $38.00 to $41.00 and gave the company a “buy” rating in a report on Thursday.

WhiteFiber Stock Up 2.8%

Shares of WYFI opened at $30.35 on Tuesday. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.79 and a current ratio of 0.79. The company has a 50-day simple moving average of $30.42 and a 200-day simple moving average of $23.01. WhiteFiber has a 52 week low of $10.51 and a 52 week high of $46.87. The firm has a market capitalization of $1.18 billion and a P/E ratio of -16.49.

WhiteFiber (NASDAQ:WYFI) last released its earnings results on Wednesday, August 12th. The company reported ($0.39) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.40) by $0.01. The business had revenue of $28.84 million for the quarter. WhiteFiber had a negative return on equity of 10.72% and a negative net margin of 46.87%. On average, equities research analysts expect that WhiteFiber will post -0.97 earnings per share for the current year.

Institutional Trading of WhiteFiber

A number of institutional investors and hedge funds have recently added to or reduced their stakes in WYFI. Galaxy Digital Inc. acquired a new stake in WhiteFiber during the first quarter valued at approximately $834,000. Situational Awareness LP bought a new stake in shares of WhiteFiber in the 4th quarter valued at approximately $27,770,000. Sei Investments Co. raised its holdings in shares of WhiteFiber by 196.0% in the 1st quarter. Sei Investments Co. now owns 72,138 shares of the company’s stock worth $859,000 after buying an additional 47,770 shares in the last quarter. Buffalo Business & Estate Services Ltd. acquired a new position in shares of WhiteFiber in the 1st quarter worth approximately $602,000. Finally, CenterBook Partners LP bought a new position in shares of WhiteFiber during the 4th quarter worth approximately $3,873,000.

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.