WhiteFiber (NASDAQ:WYFI) Sees Large Volume Increase – What’s Next?

WhiteFiber, Inc. (NASDAQ:WYFI) saw unusually-strong trading volume on Tuesday . 1,507,187 shares traded hands during mid-day trading, an increase of 3% from the previous session’s volume of 1,464,745 shares.The stock last traded at $33.4350 and had previously closed at $36.29.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on WYFI shares. HC Wainwright dropped their target price on WhiteFiber from $34.00 to $20.00 and set a “buy” rating for the company 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 company a “neutral” rating in a research report on Friday, May 15th. BTIG Research lifted their price target on shares of WhiteFiber from $35.00 to $50.00 and gave the stock a “buy” rating in a research note on Wednesday, June 24th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of WhiteFiber in a research note on Wednesday, June 24th. Finally, Barclays assumed coverage on shares of WhiteFiber in a report on Tuesday, June 9th. They set an “equal weight” rating and a $27.00 target price on the stock. Ten analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, WhiteFiber currently has an average rating of “Moderate Buy” and an average price target of $34.67.

WhiteFiber Stock Down 6.3%

The firm has a market cap of $1.13 billion and a PE ratio of -20.12. The company has a debt-to-equity ratio of 0.63, a quick ratio of 2.77 and a current ratio of 2.77. The company’s 50-day simple moving average is $31.10 and its two-hundred day simple moving average is $21.80.

WhiteFiber (NASDAQ:WYFI) last released its quarterly earnings data on Thursday, May 14th. The company reported ($0.31) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.24) by ($0.07). The firm had revenue of $21.92 million during the quarter. WhiteFiber had a negative net margin of 45.24% and a negative return on equity of 9.40%. The business’s revenue was up 30.4% on a year-over-year basis. On average, analysts predict that WhiteFiber, Inc. will post -1.26 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Situational Awareness LP purchased a new stake in WhiteFiber in the 4th quarter worth approximately $27,770,000. Clearfield Capital Management LP increased its stake in shares of 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 buying an additional 1,064,177 shares during the period. Price T Rowe Associates Inc. MD raised its holdings in shares of WhiteFiber by 4.2% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 600,315 shares of the company’s stock valued at $9,486,000 after acquiring an additional 24,189 shares in the last quarter. Balyasny Asset Management L.P. raised its holdings in shares of WhiteFiber by 67.7% during the fourth quarter. Balyasny Asset Management L.P. now owns 457,749 shares of the company’s stock valued at $7,232,000 after acquiring an additional 184,829 shares in the last quarter. Finally, Marshall Wace LLP purchased a new stake in WhiteFiber in the third quarter worth $9,105,000.

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.