WhiteFiber, Inc. (NASDAQ:WYFI) Stock Has Average Price Target of $38.00

WhiteFiber, Inc. (NASDAQ:WYFI) has been given an average rating of “Moderate Buy” by the eleven analysts that are currently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, one has given a hold rating and nine have issued a buy rating on the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $38.00.

A number of equities analysts recently weighed in on WYFI shares. HC Wainwright reissued a “buy” rating and issued a $37.00 price target on shares of WhiteFiber in a research note on Thursday, September 3rd. Cantor Fitzgerald raised shares of WhiteFiber from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $27.00 to $36.00 in a research note on Thursday, August 13th. Weiss Ratings cut shares of WhiteFiber from a “sell (d)” rating to a “sell (d-)” rating in a report on Wednesday, August 12th. Needham & Company LLC lifted their target price on shares of WhiteFiber from $38.00 to $41.00 and gave the stock a “buy” rating in a research report on Thursday, August 13th. Finally, Barclays boosted their price target on shares of WhiteFiber from $29.00 to $32.00 and gave the company an “equal weight” rating in a report on Friday, August 14th.

Institutional Trading of WhiteFiber

Several large investors have recently added to or reduced their stakes in WYFI. Polaris Financial Partners purchased a new stake in shares of WhiteFiber in the third quarter valued at $27,000. Tidal Investments LLC grew its holdings in shares of WhiteFiber by 115.9% during the second quarter. Tidal Investments LLC now owns 125,510 shares of the company’s stock valued at $4,876,000 after buying an additional 67,379 shares in the last quarter. WINTON GROUP Ltd purchased a new position in shares of WhiteFiber during the second quarter valued at $439,000. Integrated Wealth Concepts LLC acquired a new position in WhiteFiber during the second quarter valued at $36,000. Finally, Round Rock Advisors LLC lifted its stake in WhiteFiber by 146.6% in the 2nd quarter. Round Rock Advisors LLC now owns 45,386 shares of the company’s stock worth $1,763,000 after acquiring an additional 26,981 shares in the last quarter.

WhiteFiber Stock Performance

WYFI opened at $15.69 on Wednesday. The firm has a market cap of $609.56 million, a PE ratio of -8.53 and a beta of 6.32. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.74. The business has a fifty day simple moving average of $20.63 and a 200-day simple moving average of $23.39. WhiteFiber has a fifty-two week low of $10.51 and a fifty-two week high of $46.87.

WhiteFiber (NASDAQ:WYFI) last issued its earnings results on Wednesday, August 12th. The company reported ($0.39) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.40) by $0.01. WhiteFiber had a negative return on equity of 10.72% and a negative net margin of 46.87%. The business had revenue of $28.84 million for the quarter. As a group, equities analysts predict that WhiteFiber will post -1.05 EPS for the current fiscal year.

About WhiteFiber

WhiteFiber, Inc (NASDAQ: WYFI) is a digital infrastructure company focused on providing data center and high-performance computing services. Its offerings are designed to support organizations that require scalable computing capacity, secure infrastructure and reliable network connectivity.

The company’s business activities include data center solutions, colocation, dedicated computing resources and cloud-related services. WhiteFiber also supports advanced workloads, including artificial intelligence and other applications that require substantial processing power and specialized infrastructure.

WhiteFiber serves business and technology customers through its digital infrastructure platform.