Traders Purchase Large Volume of WhiteFiber Call Options (NASDAQ:WYFI)

WhiteFiber, Inc. (NASDAQ:WYFI) saw unusually large options trading on Wednesday. Stock investors bought 5,988 call options on the company. This represents an increase of approximately 42% compared to the average volume of 4,218 call options.

WhiteFiber Price Performance

Shares of WYFI stock traded down $2.29 on Wednesday, hitting $28.84. 1,785,426 shares of the company’s stock were exchanged, compared to its average volume of 1,507,964. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.77 and a quick ratio of 2.77. WhiteFiber has a 12 month low of $10.51 and a 12 month high of $46.87. The stock has a market cap of $1.11 billion and a P/E ratio of -19.93. The company has a 50 day moving average of $30.95 and a 200 day moving average of $21.71.

WhiteFiber (NASDAQ:WYFI) last released its quarterly earnings data on Thursday, May 14th. The company reported ($0.31) earnings per share 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 during the quarter. The company’s revenue for the quarter was up 30.4% compared to the same quarter last year. On average, equities research analysts predict that WhiteFiber will post -1.26 EPS for the current year.

Hedge Funds Weigh In On WhiteFiber

A number of institutional investors have recently added to or reduced their stakes in WYFI. CoreCap Advisors LLC acquired a new stake in WhiteFiber in the second quarter valued at approximately $235,000. Bank of America Corp DE boosted its holdings in shares of WhiteFiber by 220.9% during the 1st quarter. Bank of America Corp DE now owns 60,113 shares of the company’s stock valued at $716,000 after acquiring an additional 41,383 shares in the last quarter. Feynman Point Asset Management LLC grew its position in WhiteFiber by 6.9% during 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 increased its holdings in 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 purchasing an additional 18,928 shares in the last quarter. Finally, Sculptor Capital LP acquired a new position in WhiteFiber in the 1st quarter worth about $476,000.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on WYFI shares. Barclays assumed coverage on shares of WhiteFiber in a research note on Tuesday, June 9th. They set an “equal weight” rating and a $27.00 price objective on the stock. Needham & Company LLC upped their price target on shares of WhiteFiber from $36.00 to $38.00 and gave the stock a “buy” rating in a report on Friday, May 15th. HC Wainwright reduced their price target 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. Cantor Fitzgerald increased their price target on shares of WhiteFiber from $13.00 to $27.00 and gave the stock a “neutral” rating in a research report on Friday, May 15th. Finally, BTIG Research lifted their price objective on shares of WhiteFiber from $35.00 to $50.00 and gave the company a “buy” rating 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 issued a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $34.67.

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.