Stock Traders Purchase High Volume of Call Options on WhiteFiber (NASDAQ:WYFI)

WhiteFiber, Inc. (NASDAQ:WYFI) was the target of some unusual options trading activity on Wednesday. Investors acquired 5,988 call options on the company. This is an increase of approximately 42% compared to the average daily volume of 4,218 call options.

WhiteFiber Stock Down 11.6%

WYFI opened at $25.80 on Friday. 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 has a twelve month low of $10.51 and a twelve month high of $46.87. The stock has a market capitalization of $996.14 million and a price-to-earnings ratio of -17.79. The firm has a 50 day moving average price of $31.21 and a 200-day moving average price of $21.86.

WhiteFiber (NASDAQ:WYFI) last announced its earnings results on Thursday, May 14th. The company reported ($0.31) earnings per share 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 net margin of 45.24% and a negative return on equity of 9.40%. The firm’s revenue for the quarter was up 30.4% compared to the same quarter last year. Equities research analysts forecast that WhiteFiber will post -1.26 earnings per share for the current year.

Hedge Funds Weigh In On WhiteFiber

Several institutional investors have recently made changes to their positions in WYFI. Strs Ohio bought a new position in WhiteFiber in the 4th quarter worth $30,000. Royal Bank of Canada raised its stake in shares of WhiteFiber by 108.2% in the fourth quarter. Royal Bank of Canada now owns 2,394 shares of the company’s stock worth $37,000 after buying an additional 1,244 shares during the period. Police & Firemen s Retirement System of New Jersey purchased a new position in shares of WhiteFiber during the 4th quarter valued at about $44,000. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in shares of WhiteFiber during the 4th quarter valued at approximately $55,000. Finally, CoreCap Advisors LLC purchased a new stake in WhiteFiber in the 2nd quarter worth approximately $235,000.

Wall Street Analysts Forecast Growth

WYFI has been the subject of a number of analyst reports. B. Riley Financial reaffirmed a “buy” rating on shares of WhiteFiber in a research report on Monday, May 18th. HC Wainwright cut their price objective on shares of WhiteFiber from $34.00 to $20.00 and set a “buy” rating on the stock in a research report on Friday, March 27th. Needham & Company LLC raised their price target on shares of WhiteFiber from $36.00 to $38.00 and gave the company a “buy” rating in a research report on Friday, May 15th. Barclays started coverage on WhiteFiber in a research report on Tuesday, June 9th. They issued an “equal weight” rating and a $27.00 price objective on the stock. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of WhiteFiber in a research note on Wednesday, June 24th. Ten equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $34.67.

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.