WhiteFiber (NASDAQ:WYFI) Shares Gap Down - What's Next?

Key Points

• Shares gapped down premarket from $13.45 to $12.80 and were last at $13.27 on volume of 117,405 shares.
• Analysts are broadly positive with nine Buys, two Holds and one Sell, giving a consensus rating of "Moderate Buy" and a consensus target of $32.30, well above the current price.
• WhiteFiber posted an earnings miss (EPS -$0.67 vs. -$0.14 expected) despite a slight revenue beat, and the stock trades below its 50‑day ($16.05) and 200‑day ($20.87) moving averages with a negative P/E.

WhiteFiber, Inc. (NASDAQ:WYFI - Get Free Report)'s share price gapped down before the market opened on Thursday . The stock had previously closed at $13.45, but opened at $12.80. WhiteFiber shares last traded at $13.27, with a volume of 117,405 shares traded.

Wall Street Analyst Weigh In

WYFI has been the subject of a number of analyst reports. Compass Point initiated coverage on WhiteFiber in a research report on Tuesday, December 16th. They set a "buy" rating and a $32.00 price objective for the company. B. Riley Financial lowered their price objective on WhiteFiber from $44.00 to $40.00 and set a "buy" rating for the company in a research report on Wednesday, December 24th. HC Wainwright lowered their price objective 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 initiated coverage on WhiteFiber in a research report on Thursday. They set a "neutral" rating and a $13.00 price objective for the company. Finally, Weiss Ratings reissued a "sell (d)" rating on shares of WhiteFiber in a research report on Friday, March 27th. Nine research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, WhiteFiber has an average rating of "Moderate Buy" and a consensus target price of $32.30.

WhiteFiber Price Performance

The firm has a 50 day moving average of $16.05 and a two-hundred day moving average of $20.87. The stock has a market cap of $527.40 million and a PE ratio of -12.07.

WhiteFiber (NASDAQ:WYFI - Get Free Report) last posted its earnings results on Thursday, March 26th. The company reported ($0.67) earnings per share for the quarter, missing the consensus estimate of ($0.14) by ($0.53). The company had revenue of $23.56 million during the quarter, compared to analysts' expectations of $23.07 million.

Institutional Investors Weigh In On WhiteFiber

Several institutional investors have recently added to or reduced their stakes in the business. Strs Ohio purchased a new stake in WhiteFiber in the fourth quarter valued at approximately $30,000. Royal Bank of Canada lifted its stake in WhiteFiber by 108.2% in the fourth quarter. Royal Bank of Canada now owns 2,394 shares of the company's stock valued at $37,000 after buying an additional 1,244 shares during the last quarter. Police & Firemen s Retirement System of New Jersey purchased a new stake in WhiteFiber in the fourth quarter valued at approximately $44,000. Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in WhiteFiber in the fourth quarter valued at approximately $55,000. Finally, MetLife Investment Management LLC purchased a new stake in WhiteFiber in the fourth quarter valued at approximately $106,000.

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.

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