WhiteFiber, Inc. (NASDAQ:WYFI) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of WhiteFiber, Inc. (NASDAQ:WYFI) have been assigned a consensus rating of “Moderate Buy” from the fourteen analysts that are currently covering the company, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and ten have issued a buy recommendation on the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $34.6667.

Several equities analysts have commented on the stock. HC Wainwright lowered their price objective on shares of WhiteFiber from $34.00 to $20.00 and set a “buy” rating for the company in a research report on Friday, March 27th. Needham & Company LLC increased their price objective 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. Cantor Fitzgerald increased their price objective on shares of WhiteFiber from $13.00 to $27.00 and gave the company a “neutral” rating in a research report on Friday, May 15th. Barclays assumed coverage on shares of WhiteFiber in a research report on Tuesday, June 9th. They set an “equal weight” rating and a $27.00 price objective for the company. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of WhiteFiber in a research report on Wednesday.

WhiteFiber Price Performance

WYFI stock opened at $38.27 on Monday. WhiteFiber has a 52 week low of $10.51 and a 52 week high of $46.87. The company has a quick ratio of 2.77, a current ratio of 2.77 and a debt-to-equity ratio of 0.63. The company has a fifty day simple moving average of $26.43 and a two-hundred day simple moving average of $20.18. The firm has a market capitalization of $1.48 billion and a P/E ratio of -26.39.

WhiteFiber (NASDAQ:WYFI) last released 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). WhiteFiber had a negative net margin of 45.24% and a negative return on equity of 9.40%. The business had revenue of $21.92 million for the quarter. WhiteFiber’s revenue for the quarter was up 30.4% on a year-over-year basis. Analysts anticipate that WhiteFiber will post -1.01 earnings per share for the current fiscal year.

Institutional Investors Weigh In On WhiteFiber

Several institutional investors have recently made changes to their positions in the company. Bank of America Corp DE lifted its holdings in shares of WhiteFiber by 220.9% in the 1st 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 during the last quarter. Feynman Point Asset Management LLC lifted 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 acquiring an additional 11,000 shares during the last quarter. Lazard Asset Management LLC lifted its holdings in shares of WhiteFiber by 16.6% in the 1st quarter. Lazard Asset Management LLC now owns 132,693 shares of the company’s stock worth $1,580,000 after acquiring an additional 18,928 shares during the last quarter. Sculptor Capital LP bought a new stake in shares of WhiteFiber in the 1st quarter worth about $476,000. Finally, Galaxy Digital Inc. bought a new stake in shares of WhiteFiber in the 1st quarter worth about $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.