WhiteFiber (NASDAQ:WYFI) Sets New 1-Year High – Time to Buy?

WhiteFiber, Inc. (NASDAQ:WYFI)’s stock price hit a new 52-week high on Monday . The company traded as high as $41.50 and last traded at $40.9940, with a volume of 218610 shares traded. The stock had previously closed at $38.49.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. B. Riley Financial reiterated a “buy” rating on shares of WhiteFiber in a research note on Monday, May 18th. Needham & Company LLC lifted their price target on WhiteFiber from $36.00 to $38.00 and gave the company a “buy” rating in a research report on Friday, May 15th. Weiss Ratings reiterated a “sell (d)” rating on shares of WhiteFiber in a research note on Friday, March 27th. Cantor Fitzgerald raised their target price on WhiteFiber from $13.00 to $27.00 and gave the stock a “neutral” rating in a research note on Friday, May 15th. Finally, HC Wainwright decreased their price target on WhiteFiber from $34.00 to $20.00 and set a “buy” rating on the stock in a research report on Friday, March 27th. Ten research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $33.42.

WhiteFiber Trading Up 12.5%

The stock has a market cap of $1.67 billion and a PE ratio of -30.16. The company has a current ratio of 2.77, a quick ratio of 2.77 and a debt-to-equity ratio of 0.63. The firm has a fifty day simple moving average of $23.87 and a two-hundred day simple moving average of $19.44.

WhiteFiber (NASDAQ:WYFI) last issued its quarterly earnings data on Thursday, May 14th. The company reported ($0.31) EPS for the quarter, missing the consensus estimate of ($0.24) by ($0.07). The business 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 firm’s revenue for the quarter was up 30.4% on a year-over-year basis. As a group, equities analysts expect that WhiteFiber, Inc. will post -1.01 earnings per share for the current fiscal year.

Institutional Trading of WhiteFiber

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

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.