WhiteFiber, Inc. (NASDAQ:WYFI) Stock Rated “Moderate Buy” by Sell-Side Analysts

WhiteFiber, Inc. (NASDAQ:WYFI) has received an average rating of “Moderate Buy” from the eleven analysts that are covering the company, MarketBeat reports. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have issued a buy rating on the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $38.00.

Several brokerages have recently weighed in on WYFI. Needham & Company LLC raised their target price on WhiteFiber from $38.00 to $41.00 and gave the company a “buy” rating in a research note on Thursday, August 13th. Barclays lifted their target price on WhiteFiber from $29.00 to $32.00 and gave the stock an “equal weight” rating in a research report on Friday, August 14th. BTIG Research reiterated a “buy” rating and issued a $50.00 price target on shares of WhiteFiber in a research note on Wednesday, August 12th. Weiss Ratings downgraded WhiteFiber from a “sell (d)” rating to a “sell (d-)” rating in a report on Wednesday, August 12th. Finally, HC Wainwright reissued a “buy” rating and issued a $37.00 price target on shares of WhiteFiber in a report on Thursday, September 3rd.

WhiteFiber Price Performance

Shares of WYFI stock opened at $15.69 on Wednesday. The company has a market capitalization of $609.53 million, a PE ratio of -8.53 and a beta of 6.32. The firm has a fifty day simple moving average of $20.63 and a 200-day simple moving average of $23.45. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.74. WhiteFiber has a twelve month low of $10.51 and a twelve month high of $46.87.

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

Hedge Funds Weigh In On WhiteFiber

Institutional investors have recently made changes to their positions in the business. Tidal Investments LLC raised its holdings in WhiteFiber by 115.9% in the second quarter. Tidal Investments LLC now owns 125,510 shares of the company’s stock valued at $4,876,000 after acquiring an additional 67,379 shares in the last quarter. Galaxy Digital Inc. bought a new position in WhiteFiber during the 1st quarter valued at $834,000. Sei Investments Co. boosted its stake in WhiteFiber by 196.0% during the 1st quarter. Sei Investments Co. now owns 72,138 shares of the company’s stock valued at $859,000 after acquiring an additional 47,770 shares during the last quarter. Sculptor Capital LP acquired a new position in WhiteFiber during the 1st quarter worth $476,000. Finally, Bank of America Corp DE grew its holdings in WhiteFiber by 220.9% during 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 in the last quarter.

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.