WhiteFiber Sees Unusually Large Options Volume (NASDAQ:WYFI)

WhiteFiber, Inc. (NASDAQ:WYFI) was the target of unusually large options trading on Tuesday. Investors purchased 5,975 call options on the stock. This is an increase of 136% compared to the typical daily volume of 2,530 call options.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. Barclays initiated coverage on shares of WhiteFiber in a research report on Tuesday, June 9th. They set an “equal weight” rating and a $27.00 price target for the company. HC Wainwright cut their target price 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. Weiss Ratings reaffirmed a “sell (d)” rating on shares of WhiteFiber in a report on Friday, March 27th. B. Riley Financial reiterated a “buy” rating on shares of WhiteFiber in a research note on Monday, May 18th. Finally, BTIG Research boosted their price objective on shares of WhiteFiber from $20.00 to $35.00 and gave the company a “buy” rating in a research report on Thursday, May 14th. 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 stock. According to MarketBeat.com, WhiteFiber presently has an average rating of “Moderate Buy” and an average price target of $33.42.

Institutional Investors Weigh In On WhiteFiber

A number of institutional investors and hedge funds have recently added to or reduced their stakes in WYFI. Principal Financial Group Inc. bought a new stake in WhiteFiber during the 3rd quarter worth approximately $1,534,000. JPMorgan Chase & Co. bought a new stake in WhiteFiber during the 3rd quarter worth approximately $2,718,000. Vanguard Group Inc. bought a new stake in WhiteFiber during the 3rd quarter worth approximately $6,563,000. Zweig DiMenna Associates LLC bought a new stake in WhiteFiber during the 3rd quarter worth approximately $5,214,000. Finally, Monashee Investment Management LLC bought a new stake in WhiteFiber during the 3rd quarter worth approximately $9,645,000.

WhiteFiber Stock Performance

WhiteFiber stock traded up $5.36 during trading on Tuesday, reaching $35.34. The company had a trading volume of 2,381,644 shares, compared to its average volume of 1,150,175. WhiteFiber has a 52 week low of $10.51 and a 52 week high of $40.75. The firm’s 50-day simple moving average is $21.95 and its 200 day simple moving average is $18.98. The firm has a market capitalization of $1.36 billion and a price-to-earnings ratio of -23.93. The company has a current ratio of 2.77, a quick ratio of 2.77 and a debt-to-equity ratio of 0.63.

WhiteFiber (NASDAQ:WYFI) last released its earnings results 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). WhiteFiber had a negative return on equity of 9.40% and a negative net margin of 45.24%.The firm had revenue of $21.92 million during the quarter. The firm’s revenue for the quarter was up 30.4% compared to the same quarter last year. Sell-side analysts forecast that WhiteFiber will post -1.01 earnings per share for the current fiscal year.

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.