WhiteFiber (NASDAQ:WYFI) Shares Gap Up – Should You Buy?

WhiteFiber, Inc. (NASDAQ:WYFI) gapped up prior to trading on Monday . The stock had previously closed at $25.15, but opened at $26.30. WhiteFiber shares last traded at $27.2290, with a volume of 431,805 shares trading hands.

Analysts Set New Price Targets

A number of analysts recently issued reports on WYFI shares. B. Riley Financial reissued a “buy” rating on shares of WhiteFiber in a report on Monday, May 18th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of WhiteFiber in a report on Wednesday, June 24th. Needham & Company LLC increased 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 cut 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. Finally, BTIG Research boosted 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 issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, WhiteFiber presently has a consensus rating of “Moderate Buy” and a consensus price target of $34.83.

WhiteFiber Trading Up 1.5%

The company has a debt-to-equity ratio of 0.63, a current ratio of 2.77 and a quick ratio of 2.77. The stock has a market cap of $1.06 billion and a P/E ratio of -19.00. The firm’s fifty day moving average price is $31.32 and its two-hundred day moving average price is $22.09.

WhiteFiber (NASDAQ:WYFI) last posted its quarterly earnings data on Thursday, May 14th. The company reported ($0.31) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.24) by ($0.07). The business 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%. WhiteFiber’s revenue for the quarter was up 30.4% on a year-over-year basis. As a group, equities research analysts forecast that WhiteFiber, Inc. will post -1.26 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Situational Awareness LP bought a new position in shares of WhiteFiber in the fourth quarter worth approximately $27,770,000. Clearfield Capital Management LP lifted its position in WhiteFiber by 426.6% during the fourth quarter. Clearfield Capital Management LP now owns 1,313,659 shares of the company’s stock valued at $20,756,000 after purchasing an additional 1,064,177 shares during the last quarter. Marshall Wace LLP purchased a new position in WhiteFiber in the 3rd quarter worth approximately $9,105,000. Wasatch Advisors LP purchased a new position in WhiteFiber in the 3rd quarter worth approximately $8,382,000. Finally, CenterBook Partners LP bought a new position in shares of WhiteFiber in the 4th quarter worth $3,873,000.

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.