WhiteFiber (NASDAQ:WYFI) Sees Unusually-High Trading Volume - Time to Buy?

Key Points

• WhiteFiber shares saw unusually heavy trading volume on Tuesday, with about 1.51 million shares changing hands, while the stock fell to $33.44 from a prior close of $36.29.
• Analyst sentiment is mixed but still leans positive: 10 analysts rate the stock Buy, three Hold, and one Sell, with a consensus target price of $34.67. Recent target changes ranged from BTIG’s raise to $50 to HC Wainwright’s cut to $20.
• The company recently reported a Q1 EPS miss of -$0.31 versus expectations of -$0.24, though revenue rose 30.4% year over year to $21.92 million. WhiteFiber continues to position itself as an AI infrastructure provider focused on HPC data centers and cloud GPU services.

Shares of WhiteFiber, Inc. (NASDAQ:WYFI - Get Free Report) saw strong trading volume on Tuesday . Approximately 1,507,187 shares were traded 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.

Analysts Set New Price Targets

A number of research firms have recently issued reports on WYFI. BTIG Research lifted their price objective on shares of WhiteFiber from $35.00 to $50.00 and gave the stock a "buy" rating in a report on Wednesday, June 24th. Weiss Ratings reissued a "sell (d)" rating on shares of WhiteFiber in a research note on Wednesday, June 24th. Needham & Company LLC lifted their price target on WhiteFiber from $36.00 to $38.00 and gave the stock a "buy" rating in a research note on Friday, May 15th. B. Riley Financial reiterated a "buy" rating on shares of WhiteFiber in a report on Monday, May 18th. Finally, HC Wainwright reduced their price objective on WhiteFiber from $34.00 to $20.00 and set a "buy" rating on the stock in a research report on Friday, March 27th. Ten investment 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. Based on data from MarketBeat, WhiteFiber presently has a consensus rating of "Moderate Buy" and a consensus target price of $34.67.

WhiteFiber Stock Down 12.8%

The company has a market cap of $1.22 billion and a PE ratio of -21.91. The stock's 50 day moving average price is $30.71 and its 200-day moving average price is $21.62. The company has a debt-to-equity ratio of 0.63, a quick ratio of 2.77 and a current ratio of 2.77.

WhiteFiber (NASDAQ:WYFI - Get Free Report) last issued its earnings results on Thursday, May 14th. The company reported ($0.31) EPS for the quarter, missing analysts' consensus estimates 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 business had revenue of $21.92 million during the quarter. 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 year.

Institutional Trading of WhiteFiber

A number of institutional investors have recently made changes to their positions in WYFI. Royal Bank of Canada raised its holdings in shares of WhiteFiber by 108.2% during the fourth quarter. Royal Bank of Canada now owns 2,394 shares of the company's stock valued at $37,000 after acquiring an additional 1,244 shares in the last quarter. Strs Ohio bought a new position in shares of WhiteFiber in the 4th quarter worth approximately $30,000. Shikiar Asset Management Inc. lifted its stake in shares of WhiteFiber by 4.9% in the 4th quarter. Shikiar Asset Management Inc. now owns 48,790 shares of the company's stock valued at $771,000 after purchasing an additional 2,290 shares during the period. Russell Investments Group Ltd. lifted its position in WhiteFiber by 5.3% during the fourth quarter. Russell Investments Group Ltd. now owns 49,513 shares of the company's stock valued at $782,000 after buying an additional 2,477 shares during the period. Finally, Police & Firemen s Retirement System of New Jersey purchased a new stake in shares of WhiteFiber in the 4th quarter worth about $44,000.

About WhiteFiber

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.

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.