WhiteFiber (NASDAQ:WYFI) Shares Up 12% – Here’s Why

WhiteFiber, Inc. (NASDAQ:WYFI)’s stock price shot up 12% during trading on Friday . The stock traded as high as $15.12 and last traded at $15.2110. 187,426 shares traded hands during trading, a decline of 79% from the average session volume of 903,249 shares. The stock had previously closed at $13.58.

Key WhiteFiber News

Here are the key news stories impacting WhiteFiber this week:

• Positive Sentiment: BTIG initiated coverage with a “Buy” rating and a $20.00 price target (≈37.9% upside vs. the current ~$14.50 share price). That upbeat initiation is the most direct bullish catalyst supporting today’s uptick. BTIG Buy Initiation
• Neutral Sentiment: Cantor Fitzgerald also initiated coverage but with a “Neutral” rating and a $13.00 target (implies ~10% downside vs. current price). The neutral stance blunts some of the bullish momentum from BTIG by signalling limited near-term upside per Cantor’s view. Cantor Fitzgerald Coverage
• Negative Sentiment: An analyst/pricing source reduced a prior price target by 12.42% to $31.96 — a downgrade in expectations that can weigh on sentiment even though the new target remains well above current levels. Price Target Cut
• Negative Sentiment: Short interest rose materially during March to 2,359,802 shares (about 6.2% of float) with a ~2.4 days-to-cover — higher short activity can increase downward pressure and intraday volatility if bearish sentiment accelerates. Data source: market filings

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on WYFI shares. Needham & Company LLC dropped their price target on shares of WhiteFiber from $38.00 to $36.00 and set a “buy” rating on the stock in a research report on Friday, March 27th. HC Wainwright dropped their price target on shares of WhiteFiber from $34.00 to $20.00 and set a “buy” rating on the stock in a research report on Friday, March 27th. Compass Point started coverage on shares of WhiteFiber in a research report on Tuesday, December 16th. They issued a “buy” rating and a $32.00 price target on the stock. B. Riley Financial dropped their price target on shares of WhiteFiber from $44.00 to $40.00 and set a “buy” rating on the stock in a research report on Wednesday, December 24th. Finally, Weiss Ratings restated a “sell (d)” rating on shares of WhiteFiber in a research report on Friday, March 27th. Ten equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $31.18.

WhiteFiber Trading Up 6.8%

The stock has a market cap of $556.37 million and a price-to-earnings ratio of -12.72. The stock’s 50-day moving average price is $15.78 and its 200-day moving average price is $20.67.

WhiteFiber (NASDAQ:WYFI) last issued its quarterly earnings results on Thursday, March 26th. The company reported ($0.67) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.53). The firm had revenue of $23.56 million for the quarter, compared to analysts’ expectations of $23.07 million.

Institutional Trading of WhiteFiber

Hedge funds have recently modified their holdings of the stock. Strs Ohio bought a new stake in shares of WhiteFiber in the 4th quarter valued at $30,000. Royal Bank of Canada increased its stake in shares of WhiteFiber by 108.2% in the 4th quarter. Royal Bank of Canada now owns 2,394 shares of the company’s stock valued at $37,000 after acquiring an additional 1,244 shares in the last quarter. Police & Firemen s Retirement System of New Jersey bought a new stake in shares of WhiteFiber in the 4th quarter valued at $44,000. Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in shares of WhiteFiber in the 4th quarter valued at $55,000. Finally, MetLife Investment Management LLC bought a new stake in shares of WhiteFiber in the 4th quarter valued at $106,000.

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.