WhiteFiber (NASDAQ:WYFI) Sets New 1-Year Low – What’s Next?

by · The Markets Daily

WhiteFiber, Inc. (NASDAQ:WYFI – Get Free Report)’s share price hit a new 52-week low on Thursday . The company traded as low as $13.91 and last traded at $14.01, with a volume of 544606 shares changing hands. The stock had previously closed at $14.17.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Weiss Ratings restated a “sell (d)” rating on shares of WhiteFiber in a report on Monday. Needham & Company LLC lowered their price target on WhiteFiber from $45.00 to $38.00 and set a “buy” rating on the stock in a report on Friday, November 14th. JMP Securities set a $37.00 price objective on WhiteFiber in a report on Wednesday, November 19th. Zacks Research upgraded WhiteFiber to a “hold” rating in a research report on Wednesday, September 3rd. Finally, Macquarie raised their target price on WhiteFiber from $28.00 to $32.00 and gave the stock an “outperform” rating in a research report on Friday, September 26th. Nine equities 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 MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $35.70.

Read Our Latest Stock Analysis on WhiteFiber

WhiteFiber Stock Up 0.9%

The stock’s fifty day moving average price is $25.11.

WhiteFiber (NASDAQ:WYFI – Get Free Report) last posted its quarterly earnings data on Thursday, November 13th. The company reported ($0.47) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.35). The firm had revenue of $20.18 million during the quarter, compared to analysts’ expectations of $21.18 million. The business’s revenue was up 64.2% compared to the same quarter last year.

Institutional Trading of WhiteFiber

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Prelude Capital Management LLC purchased a new position in shares of WhiteFiber during the 3rd quarter valued at $258,000. J.W. Cole Advisors Inc. bought a new stake in WhiteFiber during the third quarter valued at about $260,000. Militia Capital Partners LP purchased a new position in shares of WhiteFiber in the third quarter valued at about $326,000. Gladstone Institutional Advisory LLC purchased a new position in shares of WhiteFiber in the third quarter valued at about $349,000. Finally, Pentwater Capital Management LP bought a new position in shares of WhiteFiber in the third quarter worth about $353,000.

WhiteFiber Company Profile

(Get Free Report)

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”).

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