WhiteFiber, Inc. (NASDAQ:WYFI) Receives Consensus Rating of “Moderate Buy” from Brokerages

WhiteFiber, Inc. (NASDAQ:WYFI) has been assigned a consensus rating of “Moderate Buy” from the twelve ratings firms that are presently covering the company, Marketbeat reports. One analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and ten have assigned a buy recommendation to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $38.6364.

Several equities analysts recently issued reports on the company. Weiss Ratings lowered WhiteFiber from a “sell (d)” rating to a “sell (d-)” rating in a research note on Wednesday, August 12th. Needham & Company LLC boosted their price target on shares of WhiteFiber from $38.00 to $41.00 and gave the stock a “buy” rating in a research note on Thursday, August 13th. BTIG Research reissued a “buy” rating and set a $50.00 price target on shares of WhiteFiber in a research report on Wednesday, August 12th. HC Wainwright reissued a “buy” rating and issued a $37.00 price objective on shares of WhiteFiber in a research note on Thursday, September 3rd. Finally, Cantor Fitzgerald upgraded shares of WhiteFiber from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $27.00 to $36.00 in a report on Thursday, August 13th.

Institutional Trading of WhiteFiber

A number of large investors have recently modified their holdings of WYFI. Tidal Investments LLC boosted its holdings in WhiteFiber by 115.9% in the second quarter. Tidal Investments LLC now owns 125,510 shares of the company’s stock valued at $4,876,000 after purchasing an additional 67,379 shares during the period. WINTON GROUP Ltd purchased a new stake in WhiteFiber during the 2nd quarter worth about $439,000. Integrated Wealth Concepts LLC purchased a new stake in WhiteFiber during the 2nd quarter worth about $36,000. Round Rock Advisors LLC raised its position in WhiteFiber by 146.6% in the 2nd quarter. Round Rock Advisors LLC now owns 45,386 shares of the company’s stock valued at $1,763,000 after purchasing an additional 26,981 shares in the last quarter. Finally, CoreCap Advisors LLC purchased a new position in shares of WhiteFiber in the 2nd quarter valued at about $235,000.

WhiteFiber Stock Up 6.2%

Shares of NASDAQ WYFI opened at $18.97 on Friday. 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 business’s 50 day moving average is $23.14 and its two-hundred day moving average is $23.14. WhiteFiber has a 52-week low of $10.51 and a 52-week high of $46.87. The firm has a market cap of $736.98 million and a price-to-earnings ratio of -10.31.

WhiteFiber (NASDAQ:WYFI) last released its quarterly earnings results on Wednesday, August 12th. The company reported ($0.39) EPS for the quarter, topping the consensus estimate of ($0.40) by $0.01. The business had revenue of $28.84 million during the quarter. WhiteFiber had a negative return on equity of 10.72% and a negative net margin of 46.87%. Research analysts predict that WhiteFiber will post -1.05 EPS for the current year.

WhiteFiber Company Profile

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.