WhiteFiber (NASDAQ:WYFI) Trading Up 5.8% – Here’s Why

by · The Markets Daily

WhiteFiber, Inc. (NASDAQ:WYFI – Get Free Report)’s share price was up 5.8% on Friday . The stock traded as high as $20.14 and last traded at $19.75. Approximately 143,108 shares were traded during trading, a decline of 88% from the average daily volume of 1,158,471 shares. The stock had previously closed at $18.66.

Analyst Ratings Changes

Several research analysts have recently issued reports on WYFI shares. Citigroup assumed coverage on WhiteFiber in a research report on Wednesday, November 19th. They issued an “outperform” rating for the company. Zacks Research upgraded WhiteFiber to a “hold” rating in a report on Wednesday, September 3rd. HC Wainwright began coverage on shares of WhiteFiber in a report on Wednesday, October 1st. They set a “buy” rating and a $34.00 target price on the stock. Craig Hallum began coverage on shares of WhiteFiber in a research note on Tuesday, September 2nd. They issued a “buy” rating and a $25.00 price target for the company. Finally, Roth Capital lowered their price target on shares of WhiteFiber from $42.00 to $37.00 and set a “buy” rating for the company in a research report on Friday, November 14th. Eight analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $36.11.

View Our Latest Stock Analysis on WhiteFiber

WhiteFiber Price Performance

The business has a fifty day simple moving average of $26.25.

WhiteFiber (NASDAQ:WYFI – Get Free Report) last posted its quarterly earnings results on Thursday, November 13th. The company reported ($0.47) earnings per share (EPS) for the quarter, missing the consensus estimate 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 firm’s revenue for the quarter was up 64.2% on a year-over-year basis.

Institutional Investors Weigh In On WhiteFiber

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