WhiteFiber, Inc. (NASDAQ:WYFI) Receives Average Rating of "Moderate Buy" from Brokerages

Key Points

• WhiteFiber has a “Moderate Buy” consensus rating from 11 analysts: nine buys, one hold and one sell. The average 12-month price target is $38, well above the stock’s reported opening price of $17.33.
• The company reported quarterly EPS of -$0.39, slightly better than the consensus estimate of -$0.40, alongside $28.84 million in revenue. Analysts expect a full-year loss of approximately $1.05 per share.
• WhiteFiber’s shares remain highly volatile, with a beta of 6.32 and a 52-week range of $10.51 to $46.87; the company also reported negative net margins and return on equity.

WhiteFiber, Inc. (NASDAQ:WYFI - Get Free Report) has earned an average rating of "Moderate Buy" from the eleven ratings firms that are presently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have assigned a buy rating to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $38.00.

Several research analysts have issued reports on the stock. HC Wainwright reiterated a "buy" rating and set a $37.00 target price on shares of WhiteFiber in a report on Thursday, September 3rd. BTIG Research restated a "buy" rating and issued a $50.00 price target on shares of WhiteFiber in a report on Wednesday, August 12th. Weiss Ratings cut shares of WhiteFiber from a "sell (d)" rating to a "sell (d-)" rating in a research report on Wednesday, August 12th. Barclays increased their price objective on shares of WhiteFiber from $29.00 to $32.00 and gave the company an "equal weight" rating in a research note on Friday, August 14th. Finally, Needham & Company LLC boosted their price objective on shares of WhiteFiber from $38.00 to $41.00 and gave the stock a "buy" rating in a research note on Thursday, August 13th.

WhiteFiber Price Performance

Shares of WYFI stock opened at $17.33 on Wednesday. WhiteFiber has a twelve month low of $10.51 and a twelve month high of $46.87. The stock has a market capitalization of $673.27 million, a price-to-earnings ratio of -9.42 and a beta of 6.32. The stock has a fifty day simple moving average of $21.08 and a two-hundred day simple moving average of $23.42. 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 (NASDAQ:WYFI - Get Free Report) last announced its quarterly earnings results on Wednesday, August 12th. The company reported ($0.39) EPS for the quarter, beating the consensus estimate of ($0.40) by $0.01. The firm had revenue of $28.84 million for the quarter. WhiteFiber had a negative return on equity of 10.72% and a negative net margin of 46.87%. On average, analysts predict that WhiteFiber will post -1.05 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Integrated Wealth Concepts LLC purchased a new stake in shares of WhiteFiber during the second quarter valued at about $36,000. Polaris Financial Partners purchased a new position in shares of WhiteFiber in the 3rd quarter worth approximately $27,000. CoreCap Advisors LLC purchased a new position in shares of WhiteFiber in the 2nd quarter worth approximately $235,000. Feynman Point Asset Management LLC raised its stake in shares of WhiteFiber by 6.9% during the 1st quarter. Feynman Point Asset Management LLC now owns 169,900 shares of the company's stock worth $2,024,000 after acquiring an additional 11,000 shares in the last quarter. Finally, WINTON GROUP Ltd purchased a new stake in WhiteFiber during the second quarter valued at approximately $439,000.

WhiteFiber Company Profile

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.

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