WhiteFiber (NASDAQ:WYFI) Sets New 52-Week Low – Should You Sell?

Shares of WhiteFiber, Inc. (NASDAQ:WYFI) reached a new 52-week low on Thursday . The company traded as low as $12.12 and last traded at $13.45, with a volume of 230862 shares changing hands. The stock had previously closed at $14.69.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on WYFI shares. Weiss Ratings reiterated a “sell (d)” rating on shares of WhiteFiber in a research note on Monday, December 29th. HC Wainwright restated a “buy” rating and set a $34.00 price target on shares of WhiteFiber in a report on Monday, January 26th. Compass Point began coverage on shares of WhiteFiber in a research report on Tuesday, December 16th. They issued a “buy” rating and a $32.00 price objective for the company. Finally, B. Riley Financial dropped their target price on shares of WhiteFiber from $44.00 to $40.00 and set a “buy” rating on the stock in a research report on Wednesday, December 24th. Nine analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $36.22.

WhiteFiber Trading Down 11.2%

The stock’s fifty day moving average is $17.69 and its two-hundred day moving average is $21.49. The company has a market capitalization of $498.91 million and a PE ratio of -27.67.

Institutional Investors Weigh In On WhiteFiber

Several large investors have recently modified their holdings of WYFI. Strs Ohio bought a new stake in shares of WhiteFiber in the 4th quarter worth approximately $30,000. Royal Bank of Canada increased its position in 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 last quarter. Police & Firemen s Retirement System of New Jersey bought a new stake in shares of WhiteFiber in the fourth quarter valued at $44,000. Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in shares of WhiteFiber in the fourth quarter valued at $55,000. Finally, MetLife Investment Management LLC purchased a new position in shares of WhiteFiber during the 4th quarter valued at $106,000.

WhiteFiber Company Profile

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.