WhiteFiber (NASDAQ:WYFI) Shares Up 8.8% - Should You Buy?

Key Points

• Shares jumped about 8.8% intraday to roughly $16.65 but on light volume (~86k shares, ~90% below the average), suggesting the move may lack broad participation.
• Analysts hold a Moderate Buy consensus (10 Buys, 2 Holds, 1 Sell) with an average target of $31.18, though several firms have recently cut targets and coverage is mixed.
• The company reported a significant earnings miss (Q EPS of -$0.67 vs. -$0.14 estimate), trades with a negative PE and a market cap near $636.6M, and is forecast to post about -0.74 EPS for the year.

WhiteFiber, Inc. (NASDAQ:WYFI - Get Free Report)'s stock price shot up 8.8% during mid-day trading on Friday . The stock traded as high as $16.36 and last traded at $16.6530. 85,998 shares changed hands during mid-day trading, a decline of 90% from the average session volume of 883,823 shares. The stock had previously closed at $15.31.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on WYFI. Needham & Company LLC decreased their target price on WhiteFiber from $38.00 to $36.00 and set a "buy" rating for the company in a research report on Friday, March 27th. BTIG Research began coverage on WhiteFiber in a research report on Friday, April 10th. They issued a "buy" rating and a $20.00 target price for the company. Weiss Ratings reissued a "sell (d)" rating on shares of WhiteFiber in a research report on Friday, March 27th. Cantor Fitzgerald began coverage on WhiteFiber in a research report on Thursday, April 9th. They issued a "neutral" rating and a $13.00 target price for the company. Finally, HC Wainwright decreased their target price on WhiteFiber from $34.00 to $20.00 and set a "buy" rating for the company in a research report on Friday, March 27th. Ten investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $31.18.

WhiteFiber Trading Up 8.4%

The company has a market cap of $636.56 million and a PE ratio of -14.53. The firm has a 50 day moving average of $15.17 and a two-hundred day moving average of $19.37.

WhiteFiber (NASDAQ:WYFI - Get Free Report) last posted its quarterly 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 the consensus estimate of $23.07 million. On average, research analysts forecast that WhiteFiber, Inc. will post -0.74 EPS for the current year.

Institutional Trading of WhiteFiber

Institutional investors have recently added to or reduced their stakes in the business. Fortress Investment Group LLC purchased a new stake in WhiteFiber during the 3rd quarter valued at $4,301,000. JPMorgan Chase & Co. purchased a new stake in WhiteFiber during the 3rd quarter valued at $2,718,000. Monashee Investment Management LLC purchased a new stake in WhiteFiber during the 3rd quarter valued at $9,645,000. Principal Financial Group Inc. purchased a new stake in WhiteFiber during the 3rd quarter valued at $1,534,000. Finally, Clearfield Capital Management LP purchased a new stake in WhiteFiber during the 3rd quarter valued at $6,778,000.

WhiteFiber Company Profile

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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