WhiteFiber (NASDAQ:WYFI) Trading 4.9% Higher - Should You Buy?

Key Points

• WhiteFiber shares rose 4.9% to about $17.65, although trading volume was 93% below the stock’s average daily volume.
• Analysts remain broadly optimistic, with 10 Buy ratings, one Hold and one Sell; the consensus rating is Moderate Buy with an average price target of $38.64.
• The company reported quarterly revenue of $28.84 million and an adjusted loss of $0.39 per share, while continuing to post negative profitability metrics, including a 46.87% net margin.

Shares of WhiteFiber, Inc. (NASDAQ:WYFI - Get Free Report) shot up 4.9% on Wednesday . The stock traded as high as $17.53 and last traded at $17.6470. Approximately 127,036 shares changed hands during trading, a decline of 93% from the average daily volume of 1,727,805 shares. The stock had previously closed at $16.82.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Barclays increased their price target 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. HC Wainwright restated a "buy" rating and issued a $37.00 target price on shares of WhiteFiber in a report on Thursday, September 3rd. BTIG Research reaffirmed a "buy" rating and issued a $50.00 target price on shares of WhiteFiber in a research report on Wednesday, August 12th. Weiss Ratings lowered shares of WhiteFiber from a "sell (d)" rating to a "sell (d-)" rating in a research note on Wednesday, August 12th. Finally, Needham & Company LLC upped their price objective on shares of WhiteFiber from $38.00 to $41.00 and gave the company a "buy" rating in a research note on Thursday, August 13th. Ten investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $38.64.

WhiteFiber Stock Up 6.2%

The business's fifty day moving average price is $24.33 and its 200 day moving average price is $23.17. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.74. The firm has a market capitalization of $693.90 million and a PE ratio of -9.70.

WhiteFiber (NASDAQ:WYFI - Get Free Report) last released its quarterly earnings results on Wednesday, August 12th. The company reported ($0.39) earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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, equities research analysts forecast that WhiteFiber, Inc. will post -1.05 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of WYFI. Tidal Investments LLC raised its position in WhiteFiber by 115.9% during the 2nd quarter. Tidal Investments LLC now owns 125,510 shares of the company's stock worth $4,876,000 after buying an additional 67,379 shares during the last quarter. Galaxy Digital Inc. purchased a new stake in shares of WhiteFiber in the first quarter valued at about $834,000. Sei Investments Co. increased its stake in shares of WhiteFiber by 196.0% during the first quarter. Sei Investments Co. now owns 72,138 shares of the company's stock worth $859,000 after acquiring an additional 47,770 shares during the period. Situational Awareness LP purchased a new stake in shares of WhiteFiber in the fourth quarter valued at approximately $27,770,000. Finally, Buffalo Business & Estate Services Ltd. purchased a new stake in shares of WhiteFiber in the first quarter valued at approximately $602,000.

About WhiteFiber

WhiteFiber, Inc NASDAQ: WYFI is a digital infrastructure company focused on providing data center and high-performance computing services. Its platform is designed to support demanding workloads, including artificial intelligence, machine learning, scientific computing and other data-intensive applications.

The company's services include dedicated computing infrastructure, GPU-based computing, cloud and bare-metal solutions, data center capacity and related managed services. These offerings are intended for organizations that require scalable computing power, secure facilities and reliable connectivity without building and operating all of the necessary infrastructure themselves.

WhiteFiber serves enterprise, technology and specialized computing customers through data center operations and infrastructure located in North America.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.