WhiteFiber (NASDAQ:WYFI) Stock Price Expected to Rise, HC Wainwright Analyst Says

WhiteFiber (NASDAQ:WYFI) had its target price hoisted by investment analysts at HC Wainwright from $34.00 to $36.00 in a research note issued on Wednesday, Benzinga reports. The firm presently has a “buy” rating on the stock. HC Wainwright‘s price objective would suggest a potential upside of 290.88% from the company’s current price.

Several other research firms also recently issued reports on WYFI. Cantor Fitzgerald raised WhiteFiber from a “neutral” rating to an “overweight” rating and upped their price objective for the stock from $27.00 to $36.00 in a report on Thursday, August 13th. BTIG Research reissued a “buy” rating and issued a $50.00 target price on shares of WhiteFiber in a research note on Wednesday, August 12th. Barclays boosted 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. Needham & Company LLC cut their price target on WhiteFiber from $41.00 to $37.00 and set a “buy” rating on the stock in a research note on Wednesday. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of WhiteFiber in a report on Tuesday. Nine research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $35.22.

WhiteFiber Price Performance

WYFI opened at $9.21 on Wednesday. WhiteFiber has a one year low of $7.43 and a one year high of $46.87. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.79 and a quick ratio of 0.79. The company’s 50 day simple moving average is $15.05 and its 200-day simple moving average is $20.80. The stock has a market capitalization of $417.04 million, a P/E ratio of -5.01 and a beta of 6.77.

WhiteFiber (NASDAQ:WYFI) last issued its quarterly earnings results on Tuesday, November 10th. The company reported ($2.44) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.36) by ($2.08). WhiteFiber had a negative net margin of 46.87% and a negative return on equity of 10.72%. The company had revenue of $24.02 million during the quarter. During the same period in the prior year, the company posted ($0.47) earnings per share. WhiteFiber’s quarterly revenue was up 18.9% compared to the same quarter last year. Sell-side analysts anticipate that WhiteFiber will post -1.05 earnings per share for the current fiscal year.

Institutional Investors Weigh In On WhiteFiber

A number of institutional investors and hedge funds have recently modified their holdings of WYFI. Polaris Financial Partners bought a new stake in shares of WhiteFiber during the third quarter worth approximately $27,000. Integrated Wealth Concepts LLC bought a new position in WhiteFiber in the second quarter valued at approximately $36,000. Bogart Wealth LLC boosted its stake in WhiteFiber by 160.0% in the third quarter. Bogart Wealth LLC now owns 2,600 shares of the company’s stock valued at $47,000 after acquiring an additional 1,600 shares during the last quarter. State of Alaska Department of Revenue bought a new position in WhiteFiber in the third quarter valued at approximately $55,000. Finally, Cetera Investment Advisers bought a new position in WhiteFiber in the first quarter valued at approximately $203,000.

About WhiteFiber

WhiteFiber Inc. (NASDAQ: WYFI) is a digital infrastructure company focused on data center and cloud computing services for artificial intelligence and high-performance computing workloads. Its offerings combine data center infrastructure with access to specialized computing resources. The company provides GPU-based cloud services and data center solutions designed to support demanding applications, including AI model training and inference. These services help customers access computing capacity without building and operating all of the required infrastructure themselves.