WhiteFiber (NASDAQ:WYFI) Stock Price Down 8.1% - Here's What Happened

Key Points

• Shares of WhiteFiber fell 8.1% on Friday to about $15.41 (previous close $16.77), with roughly 911,785 shares trading—essentially in line with average daily volume.
• Several brokers recently trimmed price targets (e.g., Roth MKM $42→$37, Needham $45→$38, B. Riley $44→$40), yet the consensus remains a “Moderate Buy” (9 Buys, 1 Hold, 1 Sell) with an average target of $36.22.
• WhiteFiber describes itself as an AI infrastructure provider offering HPC/GPU cloud services; the company has a market cap of about $602.6M and a negative PE of -33.51, with 50- and 200-day moving averages at $18.26 and $21.58, respectively.

Shares of WhiteFiber, Inc. (NASDAQ:WYFI - Get Free Report) traded down 8.1% during mid-day trading on Friday . The stock traded as low as $15.36 and last traded at $15.4120. 911,785 shares traded hands during mid-day trading, a decline of 0% from the average session volume of 912,398 shares. The stock had previously closed at $16.77.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. Roth Mkm lowered their price target on WhiteFiber from $42.00 to $37.00 and set a "buy" rating for the company in a report on Friday, November 14th. Needham & Company LLC lowered their target price on shares of WhiteFiber from $45.00 to $38.00 and set a "buy" rating for the company in a research note on Friday, November 14th. B. Riley Financial reduced their price target on shares of WhiteFiber from $44.00 to $40.00 and set a "buy" rating for the company in a report on Wednesday, December 24th. HC Wainwright reiterated a "buy" rating and set a $34.00 price target on shares of WhiteFiber in a research note on Monday, January 26th. Finally, Citizens Jmp set a $37.00 target price on shares of WhiteFiber in a report on Wednesday, November 19th. Nine research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, WhiteFiber currently has a consensus rating of "Moderate Buy" and an average target price of $36.22.

WhiteFiber Price Performance

The company has a market cap of $602.60 million and a PE ratio of -33.51. The firm's 50 day moving average is $18.26 and its 200 day moving average is $21.58.

Institutional Trading of WhiteFiber

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

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