WhiteFiber (NASDAQ:WYFI) Shares Gap Up – What’s Next?

by · The Markets Daily

WhiteFiber, Inc. (NASDAQ:WYFI – Get Free Report) shares gapped up prior to trading on Friday . The stock had previously closed at $14.30, but opened at $17.00. WhiteFiber shares last traded at $16.50, with a volume of 1,438,577 shares.

Analysts Set New Price Targets

Several research analysts have issued reports on WYFI shares. JMP Securities set a $37.00 target price on WhiteFiber in a research report on Wednesday, November 19th. Roth Capital lowered their price objective on shares of WhiteFiber from $42.00 to $37.00 and set a “buy” rating on the stock in a research note on Friday, November 14th. HC Wainwright started coverage on shares of WhiteFiber in a research report on Wednesday, October 1st. They set a “buy” rating and a $34.00 target price for the company. Craig Hallum started coverage on shares of WhiteFiber in a report on Tuesday, September 2nd. They set a “buy” rating and a $25.00 target price for the company. Finally, Citizens Jmp initiated coverage on shares of WhiteFiber in a research note on Wednesday, November 19th. They set a “market outperform” rating and a $37.00 price target on the stock. Nine equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $35.70.

Get Our Latest Analysis on WYFI

WhiteFiber Price Performance

The company’s 50-day moving average price is $24.72.

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

Institutional Trading of WhiteFiber

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Prelude Capital Management LLC bought a new position in WhiteFiber in the 3rd quarter worth approximately $258,000. J.W. Cole Advisors Inc. purchased a new position in shares of WhiteFiber in the third quarter worth $260,000. Militia Capital Partners LP bought a new position in shares of WhiteFiber during the third quarter worth $326,000. Gladstone Institutional Advisory LLC purchased a new position in WhiteFiber during the third quarter valued at $349,000. Finally, Pentwater Capital Management LP bought a new stake in WhiteFiber in the 3rd quarter valued at $353,000.

About WhiteFiber

(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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